Vlc Case Study

LEARNING AND DEVELOPMENT CASE STUDY: VEHICLE COMPONENTS LIMITED (VCL)

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1. Current and Future Challenges at VCL

1.1. Current Challenges

Vehicle Components Limited (VCL) was established more than four decades ago. The Company made many achievements, but with several managerial and operational challenges. These challenges are hindering the company from achieving more goals. When analyzing the challenges for VCL we can look at them from two perspectives: the ones that are already being felt and the ones that are speculated to come.

The present challenges revolve around the company’s workforce and the finance department. The employees represent the inputs that VCL use to generate results. Besides that, the financial situation is the core element of the organization because it reflects on the status of the company (Baum & Locke, 2004). From the look of things, VCL puts more efforts towards retaining its customers. Perhaps what the managers of this company do not know is that it is unhealthy to make sales without paying attention to accuracy of financial reporting.

The organization does not understand the significance of finance department, but perhaps by the time the truth will be downing on the administrators it will be too late. The finance department requires effective support services for it to improve its performance. The success of an organization is not measured by the number of sales generated, but also on the performance of each individual department (Shantz & Latham, 2009).

The provision of the necessary resources will ensure that the tasks performed by employees in the finance department will be more accurate and satisfying to both the employees and the customers (Cornelius & Schwab, 2003). Similarly, the tasks will become easier, and thus they will be completed within a very short time. Upgrading the finance department will help in reducing the expenses that are...