...Table of Contents Executive Summary Introduction This report analyses the global legal industry by identifying the various factors affecting the external environment. The report is the analysing the Baker & McKenzie law firm which was founded in Chicago in 1949 by Russell Baker and John McKenzie. It is the largest global organization with a large number of lawyers and legal professionals working in 70 offices across 38 countries. The report then analyses the internal environment of the firm which describes different factors of organizational structure, culture and leadership. After the analysis of internal factors the report then analyses the proposed development framework where the diversity of the organization, the selection criteria of the employees and the implementing the framework according to the company strategy is discussed. Finally the recommendations for future success of the firm are provided in the report. Global External Environment Political Environment In the legal industry different employment law, policies and regulation are practiced across different countries. In some of the countries the legal professional standards are self-regulated where the qualification and the requirements are defined as per the set standards. There may be some international trade and restrictions within the countries which restrict the foreign lawyers practicing in the countries. The organizations like WTO (World Trade Organization) are formed...
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...Inc. The role I have chosen is a manager role. Job description Managers within Apple have to create a retail environment that inspires both employees and customers. As a Manager, they are building dynamic teams with unique individuals and delivering positive experiences for customers as they learn shop and get support. Most importantly, they share the Apple vision with employees and encourage their growth. Specific role The managers are responsible for staffing the business. This includes creating job descriptions, running advertisements for open positions, reviewing resumes and applications, interviewing prospective employees, hiring and firing. The manager oversees his staff, ensuring they are trained properly, follow company guidelines and policies, perform the job satisfactorily and receive feedback on a regular basis. The manager is also responsible for tallying work hours, calculating pay, processing checks and tracking vacation days and other time off. Job summary The normal working week can exceed 40 hours if you have the role of a manager. However, during peak periods such as Christmas, sales and other seasonal holidays many managers may work longer than 40 hours. Managers at Apple get offered bonuses or offers, which can increase the amount payable, as well as other benefits such as pension schemes, company car, staff discount, private healthcare, professional qualifications training and travel subsidies. Job details Other roles managers at Apple have to do...
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...resources side of the business, I have analysed that there is a likelihood of increase in the staff turnover in few years where it has now reached to 20 per cent over the past one year. Due to lack of morale amongst staff, the productivity has dropped in spite of crude measures in place. The wrong recruitment strategy is in place as initially they had been recruited on a word of mouth basis offering higher than average salaries. There is no business or human resource based goals. Business is solely focused on production of a range of instruments. There are no trade unions involved to discuss the HR issues, pay rates and other working conditions. Staffs have started undergoing certain kind of stress thinking about their personal future and job security. Productivity as measured by machine utilisation, assembly rates and output of...
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...engineering team would cost € 250,000. Analyze these two scenarios and recommend an option to the company. Analysing While analysing the two scenarios, It costs around €50000 for each additional engineer to finish the work in 16 days but it costs €250000 for hiring a engineering team, so If we hire three additional engineers it costs around €150000, For example. For 16 days to reduce 14 day company can hire one staff it cost €50000 so it means one staff can reduce 2 days , and 16 days reduce to 10 days company need only 3 staff , it means company can finish the work within 10 days and total cost 3x €50000. So its better to hire 3 engineers and we can reduce the number of working days with less cost. We consider a Level-2 IT service desk with two staff members. Each staff member can handle one service request in 4 working hours on average. Service times are exponentially distributed. Requests arrive at a mean rate of one request every 3 hours according to a Poisson process. What is the average time between the moment a service request arrives at this desk and the moment it is fulfilled? Queueing theory gives us the following formulas for calculating the above parameters for M/M/1 models: Lq—The average number of jobs (e.g. customers) in the queue. Wq—The average time one job spends in the queue. W—The average time one job...
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...Business Intelligence as an indispensable tool for decision making in big companies * What is Business intelligence exactly? (Bapt ou Greg) Business intelligence, or BI for short, is a term that refers to competencies, processes, technologies, applications and practices used to support evidence-based decision making in organisations. In the widest sense it can be defined as a collection of approaches for gathering, storing, analysing and providing access to data that helps users to gain insights and make better fact-based business decisions. The basic components of Business Intelligence are gathering, storing, analysing and providing access to data (see Figure). Gathering Data Gathering data is concerned with collecting or accessing data which can then be used to inform decision making. Gathering data can come in many formats and basically refers to the automated measurement and collection of performance data. For example, these can come from transactional systems that keep logs of past transactions, point-of-sale systems, web site software, production systems that measure and track quality, etc. A major challenge of gathering data is making sure that the relevant data is collected in the right way at the right time. If the data quality is not controlled at the data gathering stage then it can jeopardise the entire BI efforts that might follow - always remember the old adage - garbage in garbage out. Storing Data Storing Data is concerned with making sure the data...
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...of experience in organizational operations and decision making for the improvement of organizational activities, I have ability to perform all organizational activities with good leadership skills. PROFESSIONAL EXPERIENCE APPAREL GROUP L.L.C, (Brand BOOKSPLUS) U.A.E. (July 2009 to till date) Area Manager – Brand & Operations BOOKSPLUS offers a whole range of books, be it fiction, non-fiction or any genre that you seek. Booksplus is a part of APPAREL GROUP at present group has 50 International brands under its portfolio from U.S, Canada, Europe, Australia & Far east. The group now operates 500 stores in UAE, Kuwait, Qatar, Bahrain, Oman, Saudi Arabia, India, Poland, Russia, Singapore, Jordan, Thailand, Indonesia & Malaysia. Job Profile: ➢ Delivery of the business plan: Achieving the sales objective in the Business Plan through periodic brand performance review and taking practical and appropriate actions (e.g. Trading Calendar, training, merchandising, advertising etc.) in compliance with standards to ensure the desired results are achieved. ➢ People management: Owning the manpower planning and management of stores and its staff in order to achieve work environment which supports and improves store and team performance, Implement rewards & recognition schemes (non financial) to keep the employee morale high. Develop the store staff to provide a customer service exceeding customer expectation, to become the “Best of Breed” sales team ensuring directives...
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...CONTENTS S No. | PARTICULARS | PAGE NO. | 1 | INTRODUCTION | 4 | 2 | TASK 1 | 5 | 3 | TASK 2 | 9 | 4 | TASK 3 | 13 | 5 | TASK 4 | 15 | 6 | CONCLUSION | 18 | 7 | REFERENCES | 19 | | | | | | | INTRODUCTION Human Resource management concerns the policy as well as practicing which influences the work system. The recruiting and selecting procedure helps in achieving the desiring candidate; deciding the correct candidate for the correct job. The persons who don’t have any problem and are leading in the organisation in any way; there is no need of selection process for them. Recruitment process is done for achieving the ideas and characteristics of the organisation. Leadership process is the qualities that an individual person holds inside them. It influences them in a way they lead in the organisation. Leadership is the influencing procedure for achieving the objectives of the organisation. Good leaders are those that create change in the organisation. They should include administration, interpersonal as well as concept objects. TASK 1 1A: IMPORTANT STEPS IN RECRUITMENT AND SELECTION The rapidly growing organization was leading to increase the necessity for the persons who will work in the management sections at the international level. Actually they are fulfilling the needs of the organizations as...
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...Habakuk, the Cane King Introduction Success is a very important measure of an entrepreneur’s achievements and goals. Success can be measured by analysing various factors which could be qualitative and quantitative in nature. This means that defining success encompasses a broad spectrum. For instance, success can be measured by analysing the performance of the business, taking into consideration the expectations of stakeholders with an interest in the business venture, the nature of the expectations and the actual outcomes achieved relative to the expectations of the business venture. Analysing the performance of a venture can be measured for example by looking at the net profit of the business or its revenue and various profitability ratios of the venture. In addition, establishing relationships with others and achieving personal satisfaction are also important factors to consider when measuring the performance of the business. It has been indicated by Charles (2011) that the success of a new venture does indeed include meeting the expectations of interested parties. It has also been found by Charles (2011) that successful ventures are dependent on other factors such as the knowledge and skills of the entrepreneur. This knowledge can come from first-hand experience in a specific industry or research conducted in a specific area. It is also important to find the proper niche in the market, to be financially secure and to employ the right people. According to Wickham (2004)...
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...contemplation and discussion of an actual situation. It is a wrong notion that the case studies are confined to management students. Cases may pertain lo any discipline, where skills for solving complex unstructured problems or preparing plans are required. The origin of case study methods itself can be traced to Harward Lawyers. Cases may describe problems facing individuals, groups, institutions or even Nations. Through a case study one learns a broad range of skills and has many alternatives. Case studies encourage the practice and attainment of analytical and communicative skills. Case studies allow a different kind of learning. It is close to the learn by doing' approach. Cases are intended to stimulate the reality of the manager's job. The material in the case provides data for analysis and decision-making. Cases require the student to make decisions about the situations presented and to defend those decisions. In real decision-making the student will have lo persuade superiors that his analysis and solutions are the best and hence the communication and interpersonal skills are vital to success in management. Cases provide the opportunity lo improve these skills. A case is defined by Reynold as, "a short description in words and numbers, of an actual management situation". It describes the present and past position of the situation and the problem that is posed. All the data are provided. A case consisting of the history...
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...Management Accounting information is important for management for evaluating the organization's performance and position and taking proper measures to improve the company results. Employees Accounting information is need for assessing organisation's profitability and whether it will have any effect on their future remuneration and job security. Owner Lastly accounting information is needed for the owner for analysing the feasibility and profitability of their investment and determining any future course of action. Accounting information is presented to internal users usually in the form of management accounts, budgets, forecasts and financial statements. External users External users include creditor, tax authorities, investors, etc. Creditor It is used for determining the credit worthiness of the organization. Terms of credit are set according to the assessment of their clients' financial health. Creditors include suppliers as well as lenders of finance such as banks. Tax Authorities Accounting information is for determining the credibility of the tax returns filed on behalf of the company. Investors Accounting information is used by analysing the probability of investing in the company. Investors want to make sure they can earn a reasonable profit on their investment before they commit any financial resources to the company. External users are communicated accounting information usually in the form of financial statements. The purpose of financial statements is...
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...Importance of pay policies A competitive pay policy articulates an organization’s strategy for competing within targeted labour markets to recruit the employees it needs to achieve business success. Such policy guides managers in making effective decisions regarding the company’s investment in human capital assets. How a company articulates its competitive pay policy, therefore, is instrumental to optimizing pay program effectiveness. An effective pay policy is an important aspect of a company’s overall competitive strategy. Just as organizations compete to sell their products and services, they also compete with one another for talented employees. Toward that end, a competitive pay policy is the cornerstone of an organization’s human capital investment strategy. A pay policy dictates: * The extent to which qualified employees are available in targeted recruiting markets. * The aggressiveness of other employers competing within those same recruiting markets. * The company’s clout in the marketplace to recruit qualified employees (e.g., financial resources to pay employees, perception of the company as an employer of choice, etc.). A pay policy articulates the company’s strategic position for competing within its recruiting markets in terms of the pay elements it will offer employees and the pay levels it will target for each element. The policy sets forth the principles that guide design, implementation, and administration of the company’s compensation program. In...
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...DEFINITION OF STRATEGIC HUMAN RESOURCE MANAGEMENT Strategic human resource management is that management think periodically to attain benefit to the company or meet the requirement of employee. Improving everything’s in business site, give training to employee, analysing and development technique. Moreover strategic human resource management can involve in any aspect of the company which relate with employee. Core element of strategic human resource management recruiting staff give training to them, solving employee issues as well maintain relation between organisation and staff .Also Human Resource Management help to motivate worker in work to increase productivity. Strategic human resource management play very key role in the company to maintain position or increase productivity....
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...What is a company’s best asset? Their product? Their CEO? Their sales assistants? No their best asset is their marketers. If a marketer is the company’s best asset then what is it they do exactly? A marketer’s job doesn’t have a set criteria list that states whether to making them a good marketer or not. What makes a good marketer is their skills in analysing, eye for details, research abilities & many more attributes. Marketers spend a lot of time analysing not only their own brand but the competition. This allows them to compare brands to see who is leading the product race and the differences others have that are giving them a leading edge. Once data is collected it is the marketers’ job to analyse the results, from the results the marketer will come up with a sales campaign that will would either form a way to further promote or re-invent the product. Within Byron Sharp’s publication Marketing: Theory, Evidence & Practice he states “While success or failure depends a great deal on luck, marketing strategy has a huge influence on a brand’s success or decline. There is much marketing knowledge that (if used wisely) can help grow brands.” An example of this is the Apple product the iPod. The iPod was hugely successful due not only to Apple’s marketing campaign but the way they saw the future within computer storing software of music formally known as iTunes. The iPod wasn’t the first portable music player but outsold the original Sony Walkman 5 to 1 in the first...
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...Personal & Professional Development Taking responsibility for one’s personal and professional development. Prepared By: Marcos Fielder Prepared for: Marc Gallagher Submission date: 17th April 2013 Contents Introduction _______________________________________________________________ 3 Task 2.1 – Evaluating Skill and Competencies_____________________________________4 Task 2.2 – Own Development Needs____________________________________________5 Task 2.3 – Identify Development Opportunities____________________________________6 Task 2.4 – Personal and Professional Plan________________________________________7 Conclusion ________________________________________________________________ 8 References ________________________________________________________________ 9 Bibliography ______________________________________________________________10 Introduction In this assignment I will be talking about skills, competencies and develop needs. I’ll show that I have the ability to take responsibility for my own personal and professional development. The development of the individual in both, personal and professional life depends on the motivation and personal effort. However, it must take into consideration the cultural factor and the social and environmental conditions that the individual are inserted. Together these factors contribute to the formation of a person succeeds or fails. Task 2.1: Evaluate your current skills and competencies...
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...Organizations often implement a best practice or a best fit approach to strategic human resource management. A best practice approach would suggest that a set of universal practices could be applied to various different organizations in various different trades. On the other hand, a best fit approach to strategic human resource management would suggest that different practises would need to be put into play depending on different variables such as company culture, processes and external environmental factors. A best practice approach could be beneficial to an organizations attempt of strategic HRM as it would help the organization to make a profit and to obtain their long-term goals. In order to ensure that they are using a best practice approach, the organization would need to make strategic changes to the recruitment and selection process, rewards, training and to ensure that employees remain motivated and committed. A best practice approach could also be beneficial to strategic human resource management as best practice activities often strive to improve overall performance of an organization by selecting key best practices that may better the company such as training, appraisal and reward systems. A best practice approach may also be beneficial to an organization in terms of finding a solution, as the best practice approach is more universal, the solutions are proven to have been successful with other companies. The best fit approach to strategic HRM would entail ensuring...
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