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· Team Collaboration
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Last updated
Oct 13, 2014, 7:20 PM 






· Comment on Oct 13, 2014, 7:20 PM


· Team Collaboration
posted
Oct 13, 2014, 7:20 PM 




I work for a company called Moorehead Communications we are the largest indirect company for Verizon Wireless with over 300 stores in the US.  If you live in the MidWest the VERIZON STORE you most likely go it is a Moorehead communications store.  Moorehead is actually going through a big change right now with management I have actually heard rumors moorehead opening up more management positions.  Instead of having just Regional and store managers the company wants to have One person over 5 stores who is the sales manager of those five stores.  There will also be another manager who is over those same 5 stores but they are the operational manager.  I am not sure how the pay scale will go for these people since we are all on commission base.  Are company is rapidly growing I am just unsure if we do go to this new management idea if it will work or if it will cause problems.




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· Comment on Oct 07, 2014, 7:13 PM


· Team Collaboration
posted Oct 07, 2014, 7:13 PM 




I work for a company that produces western red cedar gates. We are growing at a steady rate of 20% annually and have done so for the last 5 years consistently. We are getting to the point that we have outgrown our current facility, as it is only 10,000 sq. feet of production space. The dilemma we are facing, is do we expand our current facility, or do we up and move to a new facility that can sustain our current production levels and allow for us to grow. There are a lot of pros and cons each way, please let me know what you think.


Thanks,


Mike Morris




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· Comment on Oct 08, 2014, 5:38 AM


· Re: Team Collaboration
posted 
Oct 08, 2014, 5:38 AM 




Michael,
  That is quite a growth pattern. I can say for that type of growth a new facility would be beneficial but you must also make sure that there is room for expansion on that front as well. There are quite a few variables that must be considered on either front though. I work for a major building department and we are in charge of permitting the building and zoning of such types of facilities. Throughout my time there I have learned that often is the case that companies will outgrow their spaces and either want to move on or up as the case may be with expansion of said facilities. At the very least I have learned that there is a constant flux of decisions that must be made before either scenario could be actively pursued.




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· Comment on Oct 10, 2014, 7:33 PM


· Re: Team Collaboration
posted 
Oct 10, 2014, 7:33 PM 




Hi Team,


I actually haven't had any experience or involvement in my company's financial planning or issues related to such. I work for a small bank, in a small-medium sized town in Iowa. We employ about 23 people between 2 branches, 18 at the main location, which is where I am, and 5 at the small branch located 20 miles from us. Our CEO/President is always traveling around the US trying to bring in more business. We are a tribally-owned bank, by the local Sac & Fox tribe in Tama, Iowa. The CEO has been bringing back some business, mostly being deposit accounts and minor's trust accounts. These are accounts that we do not need, because we are trying to level out our deposit:loan ratio, and bringing in more deposit accounts is not the direction we are needing to go. This is about the only major issue that I'm aware of. I could go on and on telling you about other issues, but those are mostly HR-related, nitpicking comments that I will refrain from!




· Comment on Oct 11, 2014, 11:22 AM


· Re: Team Collaboration
posted Oct 11, 2014, 11:22 AM 




Amy,
   I too have spent some of my career in the banking industry. I also have a ton of family in that field as well. From my experience I can relate to how you feel when it comes to the CEO and his experiences bringing in accounts. I can only imagine what it is like to be in a smallish community where a good majority of new loans would more than likely come from a rural base. At least this is what I encountered here in Colorado. Some suggestions are that instead of traveling so much around the country in a widespread fashion, there is still money that can be drawn from loans in much of the surrounding communities. It just requires some more focus and stepping out of the comfort zone going door to door. I have also noticed that this very reason that your bank is struggling is rather common in the small town banking communities. Keep your chin up give it a year and pay very close attention to the banks performance as well. My father-in-law was president for a small bank that failed and had to be bailed out. His advice would be this. Even though you are not in a position to do much in certain regards there are other ways that you can contribute to possibly secure yours and the banks future on a more even footing.








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· Comment on Oct 11, 2014, 1:55 PM


· Re: Team Collaboration
posted Oct 11, 2014, 1:55 PM 




While I've never worked in the banking industry at all I can see how small deposit accounts and minor's trust accounts would not be of much help. Obviously you would like to see more long term and larger accounts with much more money flowing in and out, such as a business account or maybe even a solid small BUSINESS LOAN here and there. Going door to door can help sometimes but coming from someone outside of the banking industry I've always used major banks only. I did this because back when I was 18 I signed up with a local bank about 50 miles south of Chicago and had a really bad experience. I had a student account so there was no minimum and also had a credit card through the bank. By the time I was 20 the bank had went out of business and was bought out by yet another small town bank and when this happened I had to fight to keep my student account and not take penalties but my credit line was canceled entirely. Another year later at 21 my bank was bought out again but this time by a much larger national bank. When that happened I had very little money in the account (about 100$) so I didn't go that often to the bank as I had already began to mistrust them with so many buyouts. About 2 years after that I went back to see the status of my account and to collect what I had left in the account only to find that they signed me up for an account that needed to have a minimum balance or they would charge. So in the end they said I owed them about 100$ for not meeting that requirement and minimum balance. I refused to pay and eventually settled with paying them roughly 20$ to drop the whole thing. While I realize in the end it was the big national chain that screwed me over I never would have wound up there if I had opened my account with them from the start but it was the poor record keeping of the smaller bank that led my account to be transfered incorrectly, twice. I guess what I'm trying to say is that most people want an overwhelming assurance that their money and account will be safe and not be altered or messed up. Maybe finding a way to promote that would draw more people to your bank instead of having to seek them out door to door, I know if someone came to my door I would view it negatively and needy, even if that was not the case.








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· Comment on Oct 12, 2014, 11:09 PM


· Re: Team Collaboration
posted Oct 12, 2014, 11:09 PM 




For me it is very helpful to use the example, as I know that there are pros and cons of making either decision and using research will help us to make the most informed decision that we can, both for today as well as our future. I have always been very big on planning for the future to be able to maximize potentials throughout any given time period. This has always worked well for me in any situation that I APPLIED it to. For instance, if you have a labor demand of 7 people, sometimes it is worth the payroll cost to bring  the labor population to 8 and get ahead of the labor demand. Using this same principal for whether or not to move would have a lot to do with whether we would be able to expand to a size that would allow us to grow at our current rate for at least the next 10 years to make it worth our while.








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Comment on Oct 12, 2014, 5:57 PM


Re: Team Collaboration
posted
Oct 12, 2014, 5:57 PM 




I like this example and will be using this for the short paper for the assignment this week as it seems like there could be much to expand on. Everyone has brought up good points and I think we can easily stretch this out for a good final paper in the end.








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· Comment on Oct 12, 2014, 9:42 PM


· Re: Team Collaboration
Oct 12, 2014, 9:42 PM

· S






Hello team, 


I work form the Department of Defenses EMS section in Communications. Basically a dispatcher, keeping track of ambulances and available resources for any given emergency call. Prioritizing and having the required equipment and systems readily available in case of an emergencies. The hardest Part of my job is Communication with upper management not letting me know the status and availability of personnel on he given shift. Ambulances, heilos, and planes have to placed in a given area to minimize response times to any given emergency. Unknown personnel status can prolong response time to a high priority call (CPR in progress)