Trinsic Residential Group Case Study

Good Essays
Trinsic Residential Group is unlike an FOE. While the company shares some common aspects of an FOE as described by Raj Sisodia et al. in Firms of Endearment, it lacks a holistic view of its business model and a broad consideration of stakeholders. There are several reasons for its departure from an FOE including; a market focus, availability of resources and the small, disjointed number of employees involved in the company. Over a period of time the company has begun to run more in line with an FOE, but is still a long way from becoming a full-fledged FOE as the authors of Firms of Endearment define them.
Trinsic Residential Group (TRG) is a privately owned luxury apartment developer that is active in five states; Texas, Florida, Arizona, Seattle
…show more content…
Notably, the compensation and benefit packages are strong, however the quality of life aspects of the company are somewhat lacking, with long hours and minimal vacation time. Broadening the flexibility of employee’s time would prevent burnout, leading to happier employees that are more productive and engaged. The company is spread across three states with about forty employees, which makes access to decision makers and a feeling of belonging in satellite offices difficult. As someone who has worked for the company for two and a half years, I have not stepped foot in the corporate office. This corporate structure leaves training solely in the hands of the VPs of the satellite offices, who are often burdened with massive workloads.
The disjointed satellite structure leads to a lack of company culture, it is simply hired, and I assume it is different at every office, there is no direct message to employees of TRG regarding policies, or culture. This could be rectified by having new hires visit the head office for a period after hire for basic training and to meet individuals that are involved with running the mission of the company. That would allow those employees to come back with a sense of belonging and a clear message of what the company stands
…show more content…
Broadening the pool of stakeholders is in itself a difficult proposition. Many of these stakeholders are not customers, and have varying opinions on quality of construction, applicability of use and individual concerns like the incorporation of alternative energies. While these concerns can be considered, and a successful project will need to satisfy many of the stakeholders, many FOE based goals are not financially feasible, and often times the interest of direct stakeholders (financial partners) are at odds with the interests of indirect stakeholders (the community). Many of the changes would not take significant monetary investment, such as incorporating a company culture and finding a way to spread and solidify that message across the company. This message could seek to better the communities by outreach, volunteering and charity, all of these are feasible goals. Ultimately for a project to exist in the first place, primary stakeholders need to be considered in the face of a uniquely competitive process, many of the traits of an FOE can be incorporated or improved upon, but so long as the investor’s primary concern remains return on investment, may outward facing opportunities will not be feasible in

Related Documents

  • Decent Essays

    Many business owners have the false idea that being successful in the market is all about providing good products or services. Very few consider company’s internal strategies as important impact on the business and what is being presented outside. Let’s have a closer look at it. We know managers are “busy” characters. They have tried hard to grow their business , balance the number of employees, build a reputation in the market, and in fact some of them have now more than one office and obviously they have out of office life too.…

    • 729 Words
    • 3 Pages
    Decent Essays
  • Decent Essays

    The company says staff are its best asset and the HR strategy focuses on development, however, it does not allow line managers to spend sufficient time with people. Line managers are accountable for their actions but have little authority when making decisions as HR still own the rulebook. They manage many employees and so lack the time to do HR work well. They are not experts at HRM so are reliant on HR to check their work. However, it gives the line manager greater self management and responsibility for individuals and teams, also building on their interpersonal skills, team leadership and motivational skills.…

    • 3398 Words
    • 14 Pages
    Decent Essays
  • Decent Essays

    Ceo's Leadership Role

    • 1305 Words
    • 6 Pages

    I think as a small team, we can lean on each other and support one another in ways many other business teams can’t. I enjoy being my own manager and an expert in my field, but while being my own manager is a blessing, it is also a curse. Taking PTO, sick days, or any vacation time is very difficult. Since I am the only person running customer support, finding another employee to take on my tasks while I am away is a bit of a headache. One way to resolve this would be if we could cross train within our company.…

    • 1305 Words
    • 6 Pages
    Decent Essays
  • Decent Essays

    What Is Outsourcing?

    • 831 Words
    • 4 Pages

    In contrast, there are many disadvantages to outsourcing, and many people oppose outsourcing. Outsourcing places control of that function outside the company. This loss of control brings on future problems such as delays, quality issues, customer complaints, etc. Skills important to a product or service can eventually diminish. The things a company does is essential to their success.…

    • 831 Words
    • 4 Pages
    Decent Essays
  • Decent Essays

    Betts and Ofori 1992). Here, ‘strategic planning’ is taken to mean a management function for developing a longer-term plan (beyond the next project), which will shape company characteristics and determine the market in which it is going to operate. Many reasons have been put forward for construction organizations lack of effort in strategic planning (Brightman et al. 1999), most being due to inadequate resource capacities, instability of employment and the unpredictability of the construction market. Strategic planning is often the responsibility senior managers; however, the time they can dedicate to the task is limited as they also have day-to-day operational responsibilities (Burt and van der Heijden 2003).…

    • 724 Words
    • 3 Pages
    Decent Essays
  • Decent Essays

    Collins Hiring Process

    • 765 Words
    • 4 Pages

    Employees can see that they have a co-worker that is not pulling their share of the weight and as a result the rest of the team is forced to pick up their weight and you as a manager have sat idly by and done nothing. Great companies realize that people may not be in the right role and quickly identify the situation the work with an employee to find the great fit for them. Which is some cases may take a few attempts, or unfortunately if the employee is just not the right fit for the organization you may have no other choice but to let them find a new opportunity to flourish outside of the organization. Overall, don’t wait to make decisions. Just because a decision may be difficult, uncomfortable, or strain your team resources, don’t wait.…

    • 765 Words
    • 4 Pages
    Decent Essays
  • Decent Essays

    At my previous occupation as a Customer Service Representative our department head whom title was the Customer Service Manager. He was a very influential leader, but didn 't display much management skills in the day to day operations. He possessed good leadership skills that was mainly focused toward the long term strategy for the department, but didn 't show much interest into the short term plans of the department to reach these goals. For instance, he would have meetings with Supervisors and also had powerpoints throughout the department focused toward the company goals, and what 's needed of to reach the goals and earn our annual bonus. According to Wallstreet Journal (2015) " the manager has a short range view; the leader has a long range…

    • 727 Words
    • 3 Pages
    Decent Essays
  • Decent Essays

    While these may seem stable for the company in the short-term, long-term development and profitability are questionable as managers continue to shirk their responsibilities in entrepreneurial activities (Jones and Butler, 1992). Moreover, the inherent nature of corporate entrepreneurship, which makes it difficult to measure or evaluate individual contribution, pushes most employees – even the delegates – to minimize their entrepreneurial efforts. Adding on to this free rider problem, increased bureaucratization in functional subunits, as they operate under a set of rules and standard procedures, significantly lowers entrepreneurial motivation. As a result, managers turn to “quota and budget watchers” (Thornberry, 2001), while lower employees play…

    • 986 Words
    • 4 Pages
    Decent Essays
  • Decent Essays

    Many experts would not wish to work in such an environment where discrimination and mistreatment are part of the running of the organization (Abrahams, 2010). Inequity and unfairness serve to scare away qualified people who are integral part of a successful organization. Discrimination and other forms of prejudices results in breaking and invalidation of equity laws. Negative…

    • 830 Words
    • 4 Pages
    Decent Essays
  • Decent Essays

    Splashing money on technology will not always yield results unless an alignment exists between the technology blueprint and long term business goals; since there was no support from any other executive of the business there is only so much the IT business group can do alone to avert this persistent problem. Unfortunately this long standing notion amongst the board that IT appears to be more of a waste of time and resources than an opportunity for change and capitalization of strengths across the business is a major issue when switching from a bottom line to top line approach. Co-operation between the IT strategy and the business strategy is a fundamental step towards aligning the business for top-line growth. As such the relationship between the architect and senior management must be open and unbiased for the best results to be…

    • 1121 Words
    • 5 Pages
    Decent Essays