Freshbake Diagnostic Cycle Essay

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This is the final stage of the diagnostic cycle which again leads to the first step. In this respect, Freshbake’s task is to see how the stages implemented above have impacted growth and profitability with the view of further adjustments for improvement. This stage is guided by identifiable performance indicators(KPIs) such as the production capacity, sales patterns, and customer feedback. In entirety, it involves the assessment of all the activities undertaken by the firm in meeting the demands of the market (Shields, 2015). Consequently, negative and positive findings give a clear picture of the progress made and the key areas which need improvement. For instance, Freshbake’s assessment considers the number of new customers served, daily sales and individual targets. This gives the management a projection of the long-term results; allowing them to execute any changes that can enhance further growth. Once this is done, the cycle reverts to the first step.
Analysis and Feedback Methods
Human resource management thrives on analysis and feedback mechanisms that give the management and staff a sustainable engagement channel for …show more content…

Talent management is an expensive affair whose returns are not guaranteed especially on the short-term (Cascio & Boudreau, 2016). Consequently, balancing the two aspects presents a huge dilemma, taking into account the stiff competition in the market. The fundamental question that needs to be answered is whether by investing in raw talent presents a more financially viable option than acquiring ready-made and experienced employees. On the other hand, further growth will lead to an upsurge of the workforce. Thus, the risk of going national versus the potential value (profits) are the key parameters under consideration. Accordingly, if Freshbake can mitigate the possible risks, the value is likely to increase and vice

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