Motors And More Case Study

Product Expansion
Motors and More will decide to develop an additional product to broaden its portfolio. There is no existing capacity for the product, nor do the existing production lines meet the manufacturing requirements for the new product With the expansion of the company into new product lines, the burden of personnel to include the financial allocation and asset expansion will fall upon the HR department. Looking into the next 3 years, the HR department must in its entirety start preparing and setting up for the addition now. The HR department needs to push the CEO for potential materials quotes in order to formulate a proposal for a proper fiscal prediction. This is key this will establish the baseline fixed cost predictions. Fixed cost predictions will allow the financial department to set a benchmark for profit margins to be obtained prior to the expansion date. “New products are essential for corporate survival and long-term growth. However, large proportions of new products introduced to the market fail to achieve desired results and eventually are withdrawn. Among the many factors identified as responsible for new product failure, one that is frequently cited in literature is the inability of launching firms to identify and adequately meet the needs of
has a great forecasted plan for the next three years to advance the firm above its competitors. The company will add approximately thirty-three workers in the next three years to their workforce. The HR Department has the knowledge and capability to grow Motors and More Inc. and nurture its employees. They understand the labor and demand issues which includes diversity in the workplace, production growth and operational performance through the expansion of the business. Motors and More Inc. extends equal opportunities, training and development, and a positive working environment to each employee. It is a great place to work and will successfully advance forward in the