MGMT 311 Rasmussen University Fabric Manufacturing Company Paper
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Yardy is a fabric manufacturing company that suffers lower employee engagement from decreased motivation resulting in decreased productivity and consequently low production output. A feasible solution to the aforementioned challenge is the institution of virtual reward tokens program. These echo virtual currencies and are redeemable following periodic accumulation. The tokens can be acquired through the completion of tasks, adoption and sustenance of institutional values, and demonstration of high performance.
Every program has risks associated with it. I want you to review your idea and provide a risk analysis. What are the potential risks involved with this program, and what processes can be put in place to manage these risks? One specific risk that I want you to discuss is related to cultural differences. Please assume that your company is a multinational corporation. Will this program work in all areas of the business? If not, how can it be adapted for the other country/countries involved?
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