The money transfer provider Western Union has adjusted to many market changes throughout its 160-plus year lifespan, which has allowed the company to increase its base of operations to almost 60 nations with a total workforce of over 11,000 workers. With recent trends pointing to a greater need to satisfy tec savvy customers, Western Union hired a new CEO who spearheaded an innovative movement to improve customer service—this included the advancement more digital and mobile interactions with customers, as well as an expectation that employees would "go the extra mile for customers." These initiatives required a broad cultural change in the organization, prompting the collective development of managers and employees in teams. The first step of this process involved getting the learning organization at Western Union to evaluate the usefulness of the company's performance management system (including the use of performance reviews and rankings). It was determined that these efforts were both expensive and unpopular, whic meant that improvements were needed. A new program called GPS (short for Guide.Performance.Succeed) was crafted to help leaders improve their teams. Establishing workable development goals for teams and providing continual feedback were key elements of this process. Leaders and team members were al held accountable for goals that improved talent development. In order to successfully implement GPS, the learning and development group at Western Union designed a training plan called Leadership in Action. This program used "leadership circles," which required groups of managers to be mentored by a senior leader who taught them the basics of GPS and provided opportunities for practice. The program was particularly effective because high-profile leaders such as the Chief Financial Officer and Chief Information Offi were involved in the actual sessions-participants paid more attention." Overall, GPS required participants to meet once a month to discuss various talent management issues, and key materials were sent ahead of time to enhance the discussions. Given that individuals are spread across the company's large global footprint, meetings were conducted through teleconferencing. Discussio sessions focused on important themes such as establishing goals, effective communication, and coaching at work. All of these topics increased the level of tal development among team members. Initial evaluations of these programs showed that employee engagement increased as a result of the discussion sessions. In addition, the learning organizatio at Western Union plans to use leadership circles in the future to facilitate new training and development opportunities. Luke is an employee at a management firm. His manager tells him that the firm plans to establish a new team development program in a bid to promote t collective development of managers and employees in teams. Which of the following is a change Luke should expect to find in his firm? O a. The firm will most likely set workable development goals for teams. O b. The firm will most likely set up incentive plans with rewards to employees on the basis of the number of products, or accounts, they set up. O c. The firm will most likely hire high-potential individuals. Od. The firm will shift to teleconferencing as a mode of communication.

The money transfer provider Western Union has adjusted to many market changes throughout its 160-plus year lifespan, which has allowed the company to increase its base of operations to almost 60 nations with a total workforce of over 11,000 workers. With recent trends pointing to a greater need to satisfy tec savvy customers, Western Union hired a new CEO who spearheaded an innovative movement to improve customer service—this included the advancement more digital and mobile interactions with customers, as well as an expectation that employees would "go the extra mile for customers." These initiatives required a broad cultural change in the organization, prompting the collective development of managers and employees in teams. The first step of this process involved getting the learning organization at Western Union to evaluate the usefulness of the company's performance management system (including the use of performance reviews and rankings). It was determined that these efforts were both expensive and unpopular, whic meant that improvements were needed. A new program called GPS (short for Guide.Performance.Succeed) was crafted to help leaders improve their teams. Establishing workable development goals for teams and providing continual feedback were key elements of this process. Leaders and team members were al held accountable for goals that improved talent development. In order to successfully implement GPS, the learning and development group at Western Union designed a training plan called Leadership in Action. This program used "leadership circles," which required groups of managers to be mentored by a senior leader who taught them the basics of GPS and provided opportunities for practice. The program was particularly effective because high-profile leaders such as the Chief Financial Officer and Chief Information Offi were involved in the actual sessions-participants paid more attention." Overall, GPS required participants to meet once a month to discuss various talent management issues, and key materials were sent ahead of time to enhance the discussions. Given that individuals are spread across the company's large global footprint, meetings were conducted through teleconferencing. Discussio sessions focused on important themes such as establishing goals, effective communication, and coaching at work. All of these topics increased the level of tal development among team members. Initial evaluations of these programs showed that employee engagement increased as a result of the discussion sessions. In addition, the learning organizatio at Western Union plans to use leadership circles in the future to facilitate new training and development opportunities. Luke is an employee at a management firm. His manager tells him that the firm plans to establish a new team development program in a bid to promote t collective development of managers and employees in teams. Which of the following is a change Luke should expect to find in his firm? O a. The firm will most likely set workable development goals for teams. O b. The firm will most likely set up incentive plans with rewards to employees on the basis of the number of products, or accounts, they set up. O c. The firm will most likely hire high-potential individuals. Od. The firm will shift to teleconferencing as a mode of communication.

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Transcribed Image Text:The money transfer provider Western Union has adjusted to many market changes throughout its 160-plus year lifespan, which has allowed the company to increase its base of operations to almost 60 nations with a total workforce of over 11,000 workers. With recent trends pointing to a greater need to satisfy tech- savvy customers, Western Union hired a new CEO who spearheaded an innovative movement to improve customer service this included the advancement of more digital and mobile interactions with customers, as well as an expectation that employees would "go the extra mile for customers." These initiatives required a broad cultural change in the organization, prompting the collective development of managers and employees in teams. The first step of this process involved getting the learning organization at Western Union to evaluate the usefulness of the company's performance management system (including the use of performance reviews and rankings). It was determined that these efforts were both expensive and unpopular, which meant that improvements were needed. A new program called GPS (short for Guide.Performance.Succeed) was crafted to help leaders improve their teams. Establishing workable development goals for teams and providing continual feedback were key elements of this process. Leaders and team members were also held accountable for goals that improved talent development. In order to successfully implement GPS, the learning and development group at Western Union designed a training plan called Leadership in Action. This program used "leadership circles," which required groups of managers to be mentored by a senior leader who taught them the basics of GPS and provided opportunities for practice. The program was particularly effective because high-profile leaders such as the Chief Financial Officer and Chief Information Officer were involved in the actual sessions—participants paid more attention." Overall, GPS required participants to meet once a month to discuss various talent management issues, and key materials were sent ahead of time to enhance the discussions. Given that individuals are spread across the company's large global footprint, meetings were conducted through teleconferencing. Discussion sessions focused on important themes such as establishing goals, effective communication, and coaching at work. All of these topics increased the level of talent development among team members. Initial evaluations of these programs showed that employee engagement increased as a result of the discussion sessions. In addition, the learning organization at Western Union plans to use leadership circles in the future to facilitate new training and development opportunities. Luke is an employee at a management firm. His manager tells him that the firm plans to establish a new team development program in a bid to promote the collective development of managers and employees in teams. Which of the following is a change Luke should expect to find in his firm? a. The firm will most likely set workable development goals for teams. b. The firm will most likely set up incentive plans with rewards to employees on the basis of the number of products, or accounts, they set up. c. The firm will most likely hire high-potential individuals. d. The firm will shift to teleconferencing as a mode of communication.

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