Recommendation of Management Training Companies for Business Partnership Essay Example

Recommendation of Management Training Companies for Business Partnership Essay MEMORADUM To William HO, the Director of Gross saless and Selling From Victor Wong Kwun Kit, Management Trainee Date 7 May 2014 We will write a custom essay sample on Recommendation of Management Training Companies for Business Partnership specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Recommendation of Management Training Companies for Business Partnership specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Recommendation of Management Training Companies for Business Partnership specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Capable Recommendation of Management Training Companies for Business Partnership Introduction In response to your petition in April 2014, I have conducted a comprehensive reappraisal on the preparation demands of Yummy Fast Food ( Yummy ) and evaluated the suitableness of our possible concern spouses – AP Corporate Training ( AP ) and Excel Management Consultants ( Excel ) . Due to Yummy’s concern sing the inadequacy of following merely one preparation attack in deciding their jobs, we would collaborate with either AP or Excel as a concern spouse to supply an effectual and all-rounded preparation plan. The intent of this study is to measure the two direction preparation companies and suggest the most suited concern spouse to join forces with us in functioning Yummy. This study is composed of the recommendation and decision subdivision, choice standards and justifications, and followed by a holistic analysis of the two companies based on preparation attack and suitableness, cost-effectiveness and repute. Recommendation and Decision After a careful comparing of the two companies, I would urge Excel alternatively of AP to be our concern spouse, chiefly because of their cost-efficient and good established preparation method. Equipped with the alone PARA attack, Excel will plan bespoke plans during the readying phase and guarantee the intended aims have been achieved during the post-event feedback session. Excel is able to integrate synergistic outdoor activities in cultural defining and squad edifice solutions that match the demands and corporate environment of Yummy, which are peculiarly effectual to energetic catering staff with lower instruction degree. Their short term experimental acquisition attack surely supplement good with our long term training doctrine in bring forthing immediate but long permanent effects to Yummy. Founded in 1962, Excel has developed sound path record and extended geographic coverage across 30 counties with 50 preparation Centres. Positive post-training feedbacks from participants have appreciated the profound impacts and first quality of their services. Given the sensible monetary value charged and ideal length of the plans, I would urge Excel over AP for the concern partnership. Choice Criteria and Justification To choose the concern spouse that best fit the specific demands of Yummy, I have weighed the two companies by the undermentioned subdivision standards and justifications. The subdivision is listed in falling order of importance: 1. Training attack and Suitability to the demands of Yummy This is of paramount importance that the corporate preparation attack of the concern spouse stresses the practical application of developing experience in existent concern environment and straight addresses the cardinal jobs of Yummy, since this would find the range and nature of the preparation merchandises offered and their effectivity. It is indispensable for the concern spouse to transport out an in-depth diagnosing sing the demands of Yummy during the readying phase to orient made preparation services that well strengthen direction effectivity, readily work out cultural struggles and develop common apprehension between squads in Yummy. Apart from that, the concern spouses should be able to bring forth synergism with Vertex, either by complementing the inadequacy of Vertex’s service coverage or by reenforcing the effects of Vertex’s preparations. It is important that the preparation attack of the concern spouse creates no struggle with that of Vertex. Otherwise, it would take to inauspicious effects that undermine the overall preparation consequence. An optimum pick of concern spouse with suited preparation attack and tight coaction with Vertex would supply maximised benefits to Yummy. 2. Cost-Effectiveness of the Program Cost-effectiveness of preparation services is another major demand of Yummy, as stated in their old electronic mails. In visible radiation of this, I will carry on a cost-benefit analysis on the plans provided by the two preparation companies, which take into history factors such as monetary value, continuance, characteristics of the plans and back uping services provided. In the rating of each of the above factors, the measuring is based on the suitableness to Yummy’s specific corporate environment, effectivity in deciding corporate challenges and attraction of the characteristics towards the employees. A desirable plan should give immediate but long permanent effects to Yummy while bear downing a sensible monetary value. 3. Repute and Path Record Repute and experience of the concern spouses are another cardinal standards. The repute of the preparation company can guarantee that their services are of high quality. The market place of the company will connote whether the preparation attack is widely recognised by different clients in assorted geographicss. To place jobs and design matching solution in a more efficient mode, a concern spouse demands to hold in-depth experience, extended web and strong relationship in a wide scope of industries, in peculiar catering. The feedbacks from old clients will farther determine the consequence of their preparations and whether the preparation advisers are professional. Findingss and Analysis 1. Training attack and Suitability to the demands of Yummy Excel uses a well-recognized experiential acquisition attack, which means acquisition by making. It combines out-of-door activities with activities to accomplish an optimum mix of larning experience delivered to the participants. Under the alone acquisition model PARA , which refers to readying, action, contemplation and application, Excel seamster made their preparations to aim specific demands of their clients. Their PARA attack is consistent with Vertex’s end puting attack, since both of which emphasis on pre-training readying and post-training monitoring and contemplation. Having strong accent on teamwork and compassion aided with existent life experience for the receivers, Excel’s developing doctrine lucifers precisely with Yummy’s demands and enhances the effectivity on squad coaction and cultural alteration. Excel’s Culture Programme and People Program could undertake critical challenges of Yummy by constructing trust and facilitating relationship development across the squads. A major concern sing the range of services provided by Excel is that all the preparations requires at least 10 participants. Therefore, Excel is unable to sharpen the leading accomplishments of the 4 directors of Yummy. However, this hazard is safely mitigated by the leading coaching services provided by Vertex. In contrast, even though AP provides another well-known acquisition attack based on acquisition and application of cognition with customized characteristics, the range and nature of their merchandise offering are unsuitable to the demands and environment of Yummy. The overemphasis on theoretical cognition and instance surveies may take to limited immediate impact on the catering operation of Yummy. While preparations for directors are comparatively solid with Manager as Appraiser and The Effective Management for Managers , their maps are overlapping with Leadership Coaching and 360 Assessment provided by Vertex. Furthermore, merely one plan, How to Win Friendship in Workplace , is applicable to the staff, who are the bulk of the participants, and this plan is unable to decide Yummy’s major job created by cultural struggle. Overall, I anticipate that Excel’s attack would bring forth a stronger synergism with Vertex and supply a more comprehensive solution that suits the demands of Yummy. 2. Cost-Effectiveness of the Program I believe that Excel’s services will be more cost-efficient sing their sensible monetary value and higher quality of service. On norm, each of their plan take 2.5 to 3 yearss, which includes one twenty-four hours of post-event feedback session to guarantee planed aims are achieved. The plan continuance is optimum to trip cultural alteration and construct long lasting relationship. A series of out-of-door activities will take topographic point in Excel’s sophisticated preparation sites located in Tai Mong Tsai and Wong Wan Chau. These synergistic and piquant activities could promote active engagement from Yummy’s staff and are peculiarly effectual since employees in catering industry are by and large energetic and have lower instruction degree. The cost of each customised plan is $ 5,600 per caput with a 20 % price reduction is considered acceptable to Yummy. On the other manus, the preparation bundle offered by AP might be less attractive to Yummy given the short continuance of the plans, schoolroom styled acquisition and deficiency of back uping services. Two out of the three suited plans offered by AP last for merely 1 twenty-four hours and the staying one last for 3 yearss. I am rather dubious whether the staff and directors can to the full absorb the cognition taught in such short clip frame and use them in existent concern environment. Sing the instruction degree of Yummy’s staff, the theoretical acquisition and instance surveies approach might render the preparation uneffective by demotivating the group with notes and talks, despite the potentially interesting function drama subdivision. There are no station event feedback or rating session offered to determine intended ends are attained. The fees construction of each customised plan is the same as Excel. However, it is more expensive after taking into history the shorter co ntinuance of the plans. 3. Repute and Path Record Excel has a much longer history ( 50+ old ages ) than AP ( 17 old ages ) , with operation commenced since 1962 in Britain. It has the most extended geographic coverage in the industry with 50 preparation Centres located in more than 30 states and possesses the most constituted preparation methodological analysis in the field of experiential instruction, which non merely indicated Excel’s matchless repute, but their various abilities to function companies with different civilizations and demands globally. Meanwhile, positive post-training remarks from pervious participants have pinpointed their effectivity on furthering squad cooperation and relationship edifice. This is peculiarly relevant in covering with the current challenges of Yummy. Relatively, AP has its border on serving a assortment of esteemed local clients in assorted industries such as Hyatt ( Hotel Industry ) , IBM ( Technology Industry ) and most significantly Maxim’s Cafe ( Catering Industry ) . This implies that AP would hold an accurate apprehension on the demands of the catering industry and could plan industry specific plans to Yummy consequently. In add-on, AP has achieved an outstanding client satisfaction rate of 97 % over the old ages which serves as a strong prove of their quality of service. Although both Excel and AP have solid path record and sound client feedbacks, Excel somewhat triumph over AP in its expertness on advancing coaction and developing common apprehension between squads, which are important to Yummy. Excel’s deficiency of providing industry experience would be readily covered by the in-depth analysis performed by Vertex over the past months. Shutting Remarks Sing the aforesaid choice standards and findings, Excel Management Consultants would be a better concern spouse than AP to collaborate with us in supplying a comprehensive, impactful and well-structured preparation plan for Yummy. Should you hold any questions on the rating, delight kindly allow me cognize and I am happy to explicate and supply more inside informations for you. VWKK