SUBJECT: Building Venture Team and Ideal Corporate Culture

The changing dynamics of the business environment

The changing dynamics of the business environment demand smart tactics that will enable our company to weather any potential market turmoil. There is a need for appropriate frameworks that ensure procedural staffing processes and an effective corporate culture, which will, in turn, lead to efficient organizational procurements, as the business continues with its goals aimed at fostering innovations and mobility solutions to enhance the quality of its service provisions. The organizational culture should value inclusion, corporate responsibility, and teamwork, according to the company's vision. The memo, therefore, outlines the strategies for achieving effective staffing and corporate culture for the business.

Staffing Plan

Staffing the business will entail a systematic plan that ensures right people with right skills and experience are part of the organizational team and work toward achieving the organizational goals. The first step will entail estimating the workforce requirements for the business including the current and future number and type of employees that the company will need (Münstermann, Eckhardt & Weitzel, 2010). The second step is conducting recruitment, which involves placing advertisements for the vacant positions. The business will carry recruitment plan within the entity via transfers and promotions as well as outside organization with the help of placement agencies. The third step involves selecting the best candidates among the available. The candidate will then undergo placement and orientations, which is the fourth step and involves introducing the employees to new roles. The final step is training and developing staff members to adapt to new environmental dynamics.

Key Considerations to Consider in Staffing Process

Key considerations to consider while carrying out the staffing process include the capacity of the business to pay its staff, the needed skills and competencies for the business, the qualifications of the employees and the available workforce. Future training requirements and the possible need for employees' motivation will also form part of fundamental variables to look into.

Challenges Associated With the Process

Staffing is a challenging process as economic variables, and technological advances alter the recruitment demands. One of the challenges the business is likely to face while carrying out staffing plan is the difficulty to find the right people for the available positions. The business needs skills and as focused team (Münstermann, Eckhardt & Weitzel, 2010). Candidate competition is another staffing challenge, and it encompasses stiff competition for good employees. Besides, applicants' dishonesty about their abilities and skills and ineffectiveness are also among the challenges.

Ways to Address the Challenges

Addressing the challenges will require the business to look into the issues surrounding the challenges and its ability to carry out the staffing plan. To get employees with the right skills and experience for the business, the business entity will contract reputable recruitment agencies to carry out the staffing plan (Münstermann, Eckhardt & Weitzel, 2010). Solving candidate's competition and dishonesty requires that the business conducts thorough background checks, references, testing and interview process to get the right staff. The business should develop good staffing policies that will help it overcome the challenges.

Various Aspects of Corporate Culture

Building a strong business culture is often at the core of business success. The culture of this entity will be geared towards recognizing and embracing shared standards, beliefs, values and attitudes that characterize its goals and objectives. It should suit the employees of the organization and should make a positive impression of all the stakeholders of the business. The company will establish a culture that every employee believe in. To believe in the culture means having a consistent vision about the future status of a company. Corporate culture has various aspects or elements. Such aspects include people, vision, practices, core values that the company holds, individual and team recognition, corporate social responsibility to the communities where a company operates, effective communication, consistency, and commitment to the organization among others.

Steps to Foster the Ideal Corporate Culture

There are series of steps that will be taken to foster the ideal corporate culture starting with sitting down with the management and co-founders of the business to determine the best culture that should be initiated into the organization. The culture should have both a vision and a strategy. The next steps will occasion designing the organizational cultural framework, assigning the initiators of the culture who will be responsible for enforcing the values and practices, establishing effective leadership and setting effective communication systems (Flamholtz, 2005). Implementation and evaluation of the new cultural system will follow suit. An ideal corporate culture will help the business stay clear of its vision statement. Organizational employees will also work toward achieving personal as well as business goals and objectives.

Sincerely Yours

(Insert your name and position)

References

Flamholtz, E. (2005). Conceptualizing and measuring the economic value of human capital of the third kind: corporate culture. Journal of Human Resource Costing & Accounting, 9(2), 78-93.

Münstermann, B., Eckhardt, A., & Weitzel, T. (2010). The performance impact of business process standardization: An empirical evaluation of the recruitment process. Business Process Management Journal, 16(1), 29-56.