Business problem and SWOT are stated need help with the team part of this project

Business Problem & SWOT

Employees determine the success and efficiency of a corporation. Unhappy and unskilled workers portray low productivity affecting overall corporation performance. One of the concepts that determine productivity rates is skills significant to businesses and communities. Besides, matching employees' skills can be costly. The business challenge affecting Movieflix is the mismatch between the required employees' skills and available talent. Mismatched skills involve adequate or lack of employees' qualifications regarding job conditions (Tijdens, Beblav, & Thum-Thysen, 2018). The company might have qualified and unskilled employees in different positions. Besides, employees might be in the wrong units and positions.

Mismatching skills affect the marketing, production, and finance section of an organization. A mismatch in the corporation's required and available skills can delay production, decrease revenue, and lower client satisfaction. Martin (2018) claims that a corporation losses about 80 cents every hour due to mismatched skills. The author argues that employers and stakeholders are accountable for mismatching skills in institutions. The writer claimed that the finances lost during work session affects the corporation's earnings (Martin, 2018). Besides, employees produce low-quality items decreasing customer satisfaction.

The reason and cause of the problem persisting in the organization are inadequately skilled workers. Most of the employees in the corporation raised issues in filling positions with qualified personnel. Changes in technology have affected workers' qualifications, and learning institutions do not transform their curriculums to meet the desired skills. Employers recruit employees with the hope of training them to attain the desired qualifications. However, it affects production activities, and companies fail to meet their expected outcomes (Sparreboom & Tarvid, 2016). Mismatching skills occurs due to low skilled employees.

If the company fails to solve mismatched skills, it will spend significant amounts and recruit employees without the necessary qualifications. Polachek et al. (2017) claimed that corporations use about $ 72 billion each year on recruitment processes, while 80% of the amount is lost due to poor hiring. It is costly to corporations since it affects revenue. Besides, the corporations can raise product prices where the burden is shifted to consumers. Significant recruitment expenses can decrease workers' bonuses. Failing to resolve the mismatch in employees' skills reduces revenue and productivity.

SWOT Analysis

S

Strengths

Good customer service

Strong employees attitude

Low cost of production

W

Weaknesses

Mismatching skills

Unskilled employees

Unmotivated employees

O

Opportunities

Technology

Price of raw materials

Market trends

T

Threats

High financial cost

Quality of goods

Low satisfaction of customer needs

SWOT analysis conducted in MovieFlix shows that the company can use the strengths and the opportunities to beat the threats. For instance, MovieFlix's strengths are good customer service, healthy employee attitudes, and low production costs (Grel, Tat, 2017). If MovieFlix works on these strengths, it will eliminate threats such as soft quality goods since the efficient production process will ensure costs are cut in some areas and used in others to produce more quality goods.

Good customer service will eliminate the threat of dissatisfaction of customers. By satisfying customers, will increase customer loyalty. The company also experiences a danger in its finances due to the cost of training workers. The company should have a strategic hiring process to avoid poor hiring.

MovieFlix has weaknesses such as mismatching skills, unskilled employees, and unmotivated workers due to reduced bonuses. The company needs to employ a team to focus on employee positioning. Right positioning will increase production and revenue hence increases bonuses. MovieFlix also has opportunities, for example, technology. Increased use of technology will cut costs for the company. The company can also use cheap raw materials to cut costs, thus increasing revenue and increasing growth. The company should also produce according to the market trend. By doing so will cut the price used in making products out of the market.

Team Building Project

It's time to assemble your team to help you to execute your plan.

https:/leadershipgeeks.com/types-of-leadership/

• Explain the types of teams that Rasmussen Consulting will need in order to carry out the steps that you mapped out in your strategic plan.
• What will be the role of the team members?
• Why are these particular teams important for Rasmussen Consulting to properly execute the solution to MovieFlix's problem?