Professional Documents
Culture Documents
Andlettterkinney in Co.Donegal. It was established by Aengus O’Kelly in 1985 and was simply known at that time as
O’Kelly’s Gigt shop. It is a book business with its headquarter based in Galway City which currently employs 22 full
time and 29 part time staff. An Brontntanas market its products in Ireland and the UK but also does some mail order
business and increasingly online friding as well as in several European countries and in the US.
An Brontanas is a small but profitable and very highly regarded books business which we believe is capable of
growth under the right management, with the retirement of the founder, Aengus O’Kelly, expected any time soon
there are rumors that it may decide to expand and perhaps undertaken flotation. This is one to watch.
T
The stated aims of the company according to one of the family business’s Director,
Reader, are;
To continue to grow in its traditional market.
To develop a new more range of merchandise
To develop new more modern but still traditionally Irish image with an emphasis
on its green climate respecting credentials.
To break into new market in the UK, EU and US.
The company is also considering developing another retail outlet in Belfast.
Sustainable Design, Concept
In the mid 1990s, when the business thrived, Aengus move to bigger premises on
shopstreet itself and then opened bookshop in letter Kenny, Waterford and finally one in
Dublin. The bookshops became well known for the reading and book singings he
organized as well as for special events for children with well-known children’s author
like pat o’ shea, Lrite Thampson and Marita Canton- Metrenna reading stories to group
of children. Again, Aengus is suggested opening another bookstore in Letterkenny Lmc
is came up with idea of adding coffee shop where customers are able to persue copies of
whatever books are currently most in demand while enjoying a coffee and a scene, she
get the idea on a visit to Boston where she was impressed by bookstores which had
coffee shops on their premises. All the bookstores now have a coffee shop attached .
In the early 2010s Aengus brought in his son and daughter as director of what has
remained a Family Firm, Both his son and daughter are well qualified to develop the
business in a wide scale and in a global way. His son and daughter brings a lot of new
and imaginative ideas to develop a business at a international scale.
Development Timeline:
The feasibility unit described above will requires six to nine months to design, test and perform
reliability metrics before completion of a thorough financial analysis for the residential market.
Thesis stages will lead to development of a investment package specially designed for the investor.
Initial Investments
An Bronntanas will form a separate business unit dedicated to the commercialization of new
technology and method for the residential market. An Bronntanas will offer an Equity position in
his business unit for both the initial investment and later for the capitalization requirements driven
by the financial analysis.
A CEO’s responsibilities are many, but even if they are good at their job, there are certain traits that they must possess
to be a great of success as they can. As a CEO, it is important to manage a workplace where employees enjoy work,
are passionate about the company and show an interest ingrowing their role. A CEO sets the fena for how the
organization run on the qualities they develop can greatly affect the company’s success. In this article, we shared list
of successful CEO Traits;
1. optimism
2. Acceptable
3. Loyalty
4. understanding
5. Trustworthy
6. Inspiration
7. Confidence
8. Critical Thinking
9. Compassion
10. Reliable
11. Passion
12. Curiosity
Assessment of CEO key qualified
Evaluation of the CEO’s performance for each quality area using the scale estimated below. Consider a
criteria together when forming an impression about the CEO performance. Add comments you believe
provide context to your rating, a that would be helpful to the CEO in improving his or her performance
1. Does not meet expectation: The CEO rarely or never practices these qualities as a part of his/her
leadership. The CEO doesn’t perform well in this area.
2. Meet some expectations: The CEO inconsistently practices these qualities as a part of his or her
leadership. The CEO’s performance in this area meets some of my expectation only.
3. Meet most expectation: The CEO often practices these qualities as a part of his or her leadership but
not always. The CEO’s performance in this area generally meet my expectation.
4. Meet all expectation: The CEO always practices these qualities as a part of his or her leadership. The
CEO’s performance in this area generally meet all of my expectations.
5.Exceed expectation: The CEO performs above and beyond these qualities as a part of his or her
leadership. The CEO’s performance in this area is outstanding and exceeds my expectation.
3. A list of factors that is not considered in the selection decision:
some of the key factors that is not considered in the selection decision and why this happens because of the following reasons;
3. The CEO specification does not align with the organization’s strategic goals.
Certain key criteria are not considered in selection decision because of the criteria for selecting a CEO are somehow fixed according to types of business which are listed below:
a. Eloquent and Act as a role model for mission and core values underpinning the startup
b. make sure that capable employees are hired, developed, motivated and retained.
d. Articulate and effectively communicate the corporate vision, strategy and goals.
e. allot necessary resources and ensure plans use in place to achieve strategy and goals.
Some selection criteria for the CEO:
1. Flora McKinnon
she is currently head of acquisition with Liverpool city council’s Public liberal service. She was born on the Flabridean Island of
North Uict. In Scotland, a Gaelic speaking area of Scotland, where her father is a general practitioner. Flora is bilingual, she speaks
Scottish Gaelic and English as her first languages but her mother is from Colombia so, she is also fluent in Spanish. She studies for
BA in Anglo, saxon, nerse and celtic of the university of Cambridge, where she achieved a first class honours degree. She then
undertake master degree in the department of libring scince at Rugers university in new jersey ,USA with distinction.
2. Eleanor Patterson
She was, until recently joint owner of an independent bookshop in Belfast with her husband, David. She started her career
with waterstones in Belfast after graduating from the university of Ulster with a First- Class honor degree in business
studies. She worked her way up to become head of sales before moving to similar but better paid role with Eason’s in
Dublin.
Marco Gilroy
He is head of sales with online books business, Book IT, a medium sized enterprises based just outside limerick City. He has been with the company for four year, prior to that he worked for
Amazon UK and before that he was with a tech start up in Dublin. He was born and brought up in Cork and completed a primary degree in commerce at university college cork Business school,
achieving an upper- second class honors degree. He also has MSc in International Business from Griffith College in Dublin, which he undertook when the start up collapsed owing to lack of
funding. He is a member of the marketing Institute of Ireland . He is a member of the Marketing Institute of Ireland. He also represents Ireland on the board of the European Federation of
marketing Associations.
I have selected Macro’s Gilroy as a CEO who is best fit for CEO of Bronntanas because of the following reason;
Above all five criteria's, I found it in Macro’s Gilroy profile by taking a deep study. I found him the right person for
Bronntanas as a CEO . He have all the qualities to be appointed as CEO. The public opinion has also given in his profile
to get him in the position of CEO or become the company owner.
Beside the given criteria I have given above there are also some other criteria to be a CEO of any company which are
highlighted below in points;
Extra qualification; Member of marketing Institute of Ireland and European Federation of marketing associations.
IQ; 127
Well liked by staff, peers and reports. People oriented who achieve objectives through others .sometimes describes as
charismatic, expert, Has an capability to create a positive culture, Empower others, considered a team manager.prefer
supporting bit has lwain on a couple of occasion to have become emotional and imitable when his team failed to do well as
he expected.
• Preferred activities using covey’s ideas; pathfinding and talent development
By looking at the profile of Macro Gilroy in comparing to other two candidate whatever tasks CEO has to do, he can easily do which are highlighted below;
I have found more extra qualities in Macro Gilroy which I have not found in other two candidates' profile which is highlighted below:
6. SWOT (strength, weakness, opportunities and threats) analysis is a framework used to evaluate a company competitive position and to develop strategic planning. SWOT analysis
assesses internal and external factors, as well as current and future potential.
A SWOT analysis is designed to facilitate a realistic fact based, data driven look at the strength and weakness of an organization,initiatives,or within its industry. The organization
needs to keep the analysis accurate by avoiding pre-conceived beliefs or gray area and instead focusing on real life context. Company should use it as a guide and not necessary as a
prescription.
SWOT analysis performed by Bronntanas for new operation it Belfast
Strengths
• Successful operation of Bookshop business in US and EU
• Diverse workforce to handle the branches in Belfast
• Always seeks to develop a new range of merchandise
Weakness
Opportunities
• The company can increase its market share by adapting modern means such as online trading, mail order business
• Relatively few competitors in the market
Threats
• Companies that are offering more facilities in the bookshops than only reading and having coffee.
• Negative press and media coverage can harm the brand in the long run.
Strengths;
• Successful operation of Bookshops in EU and UK
Business thrived by the mid 1990s and able to move to bigger premises on shop street itself and then to open bookshops in
Letterkenny and Waterford and Dublin and also organized special events for children and provide coffee facilities to the book
Readers as well. Again by 2005, the four-bookshop come into operation.
Weakness:
. Traditionally running with Irish image with an emphasis on green climate respecting credentials.
As Bronntanas is totally focused on Irish Culture. It always focus on Irish image which has emphasis on green climate respecting credential which lacks modern concept of the business, which is
a weak point of Bronntanas.
As Bronntanas currently don’t have any CEO who will look the organization for long run. CEO plans, makes blueprint for the succession of business in long run. But as Bronntanas has to
operate a new Bookshops in Belfast which will be somehow difficult to handle in the lack of CEO.
As Bronntanas wants to open a new Bookshop in Belfast but pader the company owner himself is in confusion to start the new business in Belfast. Although he is telling to conduct SWOT
analysis for new operation which is weak point for Bronntanas.
Opportunities
VISION
A vision statement is a short description of an organization’s aspirations and the wider impact it aims to create . It should be a
guiding beacon to everyone within the organization and something which underpin s internal decision making and determines the
intended direction of the organization.
Vision statement
To be a leading bookseller in the EU and UK market.
MISSION
A mission statement is a short summary of an organization’s core purpose, focus and aims. This usually includes a brief description
of what the organization often does and its key objectives.
Mission statement
To offer a best bookselling services with traditional facilities to customer to reach a wide market area
Values statement
The value statement also called the code of ethics, differs from both the vision and mission statements. The vision and mission
state where the organization is going and what it will do to get there. They direct the effort of people in organization toward -
Common goals. The value statement defines what the organization believes in and how people in the organization are expected to
behave with each other, with customers and suppliers and with other stakeholders. It provides a moral direction for the organization
that guides decision making and establishes a standard for assessing actions. It also provides a standard for employees to judge
violations.
Values statement:
1. Be transparent
2. Do what’s right
3. We are all builders
4. Don’t optimize for the short term
5. Ownership mentality
Summary
The mission, vision and value statements are the guiding forces behind an organization. The mission statement communicates the
purposes of the organization . The vision statement provides insight into what the company helps to achieve or become in the future.
The values statement reflects the organization’s core principles and ethics. Together, these statements provides strategic directors for
an organizations informing current and future steps.
What vision, mission and values statements shows which can be cleared the below diagram:
Mission and Vision statement play three critical roles: 1: communicate the purpose of the organization to stakeholders, 2: Inform
strategy development and 3: develop the measurable goals and objectives by which to gauge the success of the organization’s
strategy. These interdependent, cascading roles and the relationship among them, are summarized in the figure:
Besides the above discussion we made, Bronntanas can do the following things to have its mission, vision and value statements more
effectively:
- Enriching education
- supporting Libraries
- Training teachers and librarian
promoting reading in communities
- Reaching Refugees
- providing health information
- Responding when books are lost.
In conclusion mission and vision, both are related to organization’s purpose and aspirations, and are typically communicated
in some form of brief written statements. A mission statements communicates the organization’s reason for being and how it
aspires to serve its key stakeholders. The vision statement is a narrower future oriented declaration of the organization’s
purpose and aspirations. Together mission and vision statement guide strategy development, help communicate the
organization’s purpose to stakeholders, and inform the goals and objectives set to determine whether the strategy is on
tracks.
8. Green credential is that in which the qualities that show you believe it is important to protect the environment
From the above suggestion and discussion, we will look 5 ways to achieve the above suggestion to improve green credentials of our business.
a. Improve cleanliness
b. making cleaning more effectively and cost effective
c. improve waste segregation
d. Reduce waste collection costs
e. Keep business operational, maintain integrity
f. Improve sustainability
9.
Strengths are defines as character traits or skills that are considered positive. Strength includes knowledge, attributes, skills and talents. Weakness are just the opposite . Weakness
are defined as character traits or skills that are considered negative or not as well developed.
Strength Weakness
The proposed candidates for the CEO by me must have the following strength
_ Ability to learn from the past
- Strong communication skills
_ Building relationship
_ Realistic optimism
_ Understanding
_ Listening skills.
_ willingness to calculate risks
- Reading people and adapting to necessary managerial styles
_ Coaching employee effectively
_ Thinking outside the Box
The strength and weakness of my proposed candidates ‘Macro Gilroy's highlighted below:
Strengths
* strong communication skills * Confident and Co-operative * innovation and creativity * social responsibility thinker * Goal-
oriented
* Strong coaching skills
Weakness
* Overactive social life * poor IQ * Emotional and irritable * sometimes become more charismatic
To carry on the research for the personal and professional development and suggesting the areas for development. SWOT analysis
need to be performed for the proposed candidate which is explained below:
You are most likely to succeed in life if you use your talent to their fullest extents. Similarly you will suffer fewer problem if you
know what your weakness are and if you manage these weakness so that these things doesn't matter in the work you do.
What makes SWOT especially powerful is that, with a little thought, it can help you uncover opportunities that you would not
otherwise have spotted. And by understanding your weakness, you can manage and eliminate threats that might other hurt your
ability to move forward.
If you look yourself using the SWOT framework, you can start to separate yourself from your peers and further develop the
specialized talent and abilities you need to advance your career and help you achieve your personal goals.
Consider this from your perspectives and from the point of view of the people around you. And don’t be modest or shy –be as objective as you can. Knowing and using your
strengths can make you happier and more fulfilled at works.
Weakness:
* what tasks do you really avoid using because you don’t feel confident doing them ?
* what will the people around you see as your weakness?
* Are you completely confident in your education and skills training? If not, where are your weakest?
* what are your negative work habit?
* Do you have personality traits that hold you back in your field?
Again consider these from a personal perspective as an external perspective . Do other people see weakness that you don’t see? Does co-worker consistently out-perform you in
key areas? Be realistic –it is best to face anu unpleasant truths as soon as possible.
Opportunities
* what new technology can help you ? Or can you get help from other or from people via the internet?
* Is your industry growing? If so, how can you take advantage of the current market?
* Do you have a network of strategic contacts to help you or offer good advice?
* what trends do you see in your company and how can you take advantage of them?
* Are any of your competitors failing to do something important? If so, can you take advantage of their mistakes?
* Is there a need in your company or industry than no one is filling?
Also, importantly, look at the strength and ask yourself whether these open up any opportunities and look at your weakness and ask yourself
whether you could open up opportunities by eliminating these weakness.
Threats:
* what obstacles do you currently face at works?
* Are any of your colleagues competing with you for projects on roles?
* Is your job changing?
* Does changing technology threaten your position?
* Could any of your weakness leads to threats?
Performing this analysis will often provide the information. It can point out what need to be done and problem into perspective.
The suggested areas for the proposed candidate for their personal and professional development over the next three year are given below:
* Strategy formulation
* Coaching
* performance measurement
* company culture
* leadership
* life long learning
11.
firms invest a lot in on boarding CEO hired from the outside, but transitions for CEO’s appointed even within are rarely handled with as
much care.
We have identified five key challenges faced by CEO’s newly promoted from within a company and offer our advice for navigating them: