ENGECO

Case Study - Engeco

Case Study - Engeco

Introduction

In today's fast pace of competition, the companies are required to take strategic approaches and measures in order to attain the ultimate goals of high profitability and growth among the competitors in the industry. The competition in today's modern business world has led the companies to undertake the modern strategic approaches that not only provide the success to the companies but also they assist the companies in reducing the unnecessary and inefficient costs.

The companies have to carefully monitor the changing trends in the external as well as in the internal environment of the companies so as to bring positive changes in the organizational and management behaviours. The fundamental roles of the leadership and management have direct and significant impact upon the overall performance of the companies. Therefore, the companies must develop and implement effective and efficient management strategies so as to develop effective management behaviour within the company. The effective management system of the company provides enhanced performing guidelines and the motivating factors to the employees of the company (Jeffrey, M. H., Timothy, J. C., 2003, pp. 71). The human resource department plays an important role in bringing positive changes in the societies. The companies must make effective and efficient their human resources departments because this department impacts the overall business performances as well as business strategies of the company (web source: http://www.hlsp.org). The employees are the assets of the company and it is very essential for the companies to take care of their employees' interest and their motivational need so that the employees can provide the good level of business to the company (Mullins, L. J., 2005, pp. 156).

Introduction to the case study - Engeco Company

The company that is selected for the analysis is the Engeco. The Engeco is the energy generating company that is operating among the many other leading competitors in the UK industry. The Engeco is one of those leading energy providing companies in the UK. The company is providing it energy production to the residential, commercial as well as to the industrial customers. The company has also developed many alliances and partnerships in order to expand its business operations in order areas of the worth. The company is also operating its business in the North American region as well as in other countries that involve Canada, India, Italy, and Spain etc. the company has good reputation and worth in the industry. The company has also attainted the competitive advantage by providing the jobs to the women, minorities, and the disabled people as well as to the unemployed people. The case study has shown that the company in the recent year has faced a great amount of losses because of its ineffective cost management system and also because of ineffective business management system. The case study has also revealed that looking into the essential requirement of the bringing positive change in the company management culture; the company has decided to make significant changes in its business performance ...