...Outline The development of a human resource strategy that can support the plan of the business needs HRM planning to be included and recognized as an integral part of business planning strategy. The integration of the HR strategy and strategic planning is one of the chief elements that contribute to entrepreneurial excellence. This paper will focus on 3 strategic plans of Choithram supermarkets and develop a HR plan for the year 2011. This HR plan will include selection and recruitment, induction and training, succession management, job vacancies forecasting and filling and compensation management in the company. Executive summary The development of a human resource strategy that can support the plan of the business needs HRM planning to be included and recognized as an integral part of business planning strategy. The integration of the HR strategy and strategic planning is one of the chief elements that contribute to entrepreneurial excellence. There are four main themes that underpin the integration of HR strategy and strategic planning (Dawson, 1995). The first theme or assumption is that excellence in business entails a wider scope than just the mere accumulation of practices that are excellent. Secondly, achieving excellence in the corporate arena is the single most vital element that can be used by a business to achieve its missions, goals and visions (Agrylis, 1999). Thirdly, the aforementioned element gives the organization a holistic view where the focal...
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...defined and with the current organizational growth a Human Resource Plan (HRP) is needed. This plan must provide the mission of the HR department and detail the functions to provide a clear understanding of HR’s role and ensure alignment with the organizations strategic plan and goals. The organization will only experience long-term successfulness when the right people are in the appropriate positions at just the right time; the strategies for achieving the organizational objectives should revolve around having the right balance of talent, skills, and the aspiration to accomplish organizational objectives in a significant manner (Byars & Rue, 2008). HR Functions and Challenges Challenges that the HR department will encounter consist of finding a candidate pool large enough to fill the 50 vacant positions, finding potential employees that have the skills, qualifications and experience. Other challenges that exist are the implementation steps to develop a HRP in alignment with the organizational strategic plan and goals. With the organization looking to fill 50 positions the functions of the HR department must be clearly defined; this can be accomplished by developing the HRP. There are steps that must be taken to implement the HRP they include: • Determine organizational objectives • Determine Skills and expertise needed • Determine additional human resource requirements • Develop action plans • Synthesize the HRP process (Byars & Rue, 2008) ...
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...Final Blue Sky Management and Leadership Question 1 In the past, Blue Sky leadership led from an autocratic leadership style. An autocratic leadership is similar to a dictatorship where only one person has the authority over the followers or workers. The autocratic leader decisions are to be taken as the final authority and should never be questioned. This leader plans out all of the companies agenda and demands that subordinates work according to their rules. The former CEO but still remained the Board Chairman, Max Blue, believed that meeting was not necessary therefore planning was considered a wasted of time. None of his employees seem to question his authority. This leadership style led to very passive employees at Blue Sky because they were unable to make decision caused them to lack passion about their jobs. Although the past CEO leadership style was autocratic, there were several different leadership styles among the various departments. The structure of the organization was divided in to the CEO, VP of the division, director of marketing, CFO, and the regional directors, who were consider upper management level. With the regional directors being younger and being with the Blue Sky for relatively a short period of time, they were more aggressive wanting to expand different product lines and clientele. However, the younger regional directors were presented with many challenges from the older managers that were mainly in vice presidents roles. These managers wanted...
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...Strategic Staffing Page 1 Strategic Staffing HRM 600: Human Resource Planning Professor Deroeck Megan Purdy Mpurdy77@gmail.com March 23, 2015 Strategic Staffing Page 2 In today’s business world, there are constant changes taking place that includes the process of staffing. Staffing has often been thought of as a reactive process, in that when an employee quits or is let go, Human Resources must immediately go through the process of filling that position. The hiring process has certainly evolved over time and has become somewhat more complex. To be effective in staffing, the organization needs to offer their support to the Human Resources team to engage in new and innovative methods of strategic staffing. In most organizations, the Human Resources department should be providing information concerning the staffing strategy and then be responsible for developing particular processes to be able to support the strategy. A typical staffing strategy should include the following parts or guidelines to be most effective: Overview, Alignment with the Goals and Strategy of the Organization, Filling Open Positions, Balancing the Staff, Meeting Diversity Goals, Retention of Employees, Development and Training of Employees and Workplace Environment. (Mochal, 2003) The overview will be an area that will define any important trends in the industry or particular factors that will affect staffing. The aligning of goals and strategy of the organization...
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...Four Functions of Management Strategic management is the set of decisions and actions that result in the formulation and implementation of plans designed to achieve a company’s objectives. Strategic management involves the planning, directing, organizing, and controlling of a company’s strategy-related decisions and actions. Strategic Management is comprised of nine critical tasks: 1. Formulate the company’s mission, including broad statements about its purpose, philosophy, and goals; 2. Conduct an analysis that reflects the company’s internal conditions and capabilities; 3. Assess the company’s external environment, including both the competitive and the general contextual factors; 4. Analyze the company’s options by matching its resources with the external environment; 5. Identify the most desirable options by evaluating each option in light of the company’s mission; 6. Select a set of long-term objectives and grand strategies that will achieve the most desirable options; 7. Develop annual objectives and short-term strategies that are compatible with the selected set of long-term objectives and grand strategies; 8. Implement the strategic choices by means of budgeted resource allocations in which the matching of tasks, people, structures, technologies, and reward systems is emphasized; 9. Evaluate the success of the strategic process as an input for future decision making (Pearce & Robinson, 2009). Strategic planning determines where an organization is going...
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...ASSIGNMENT 1: HUMAN RESOURCE MANAGEMENT Contents Question 1: 1 Question 2 4 Question 2.1 4 Question 2.2 8 Question 3 12 Question 3.1 12 Question 3.2 15 Bibliography 21 List of Figures Figure 1: Model of effective Performance Management Process 5 Figure 2: Steps and Responsibilities in the Career Management Process 9 Figure 3: Strategy - decisions about competition 15 List of Tables Table 1: HR Practices utilized by Marks & Spencer to address strategic needs 17 Question 1: In an industry where competition is intense, developing staff has probably never been so important. By training and developing its staff, discuss how Marks & Spencer is in a position to develop a competitive advantage over its competitors. Introduction A competitive advantage is a superiority that an organization can gain over its competitors by providing the same value at lower prices or charging higher prices for providing greater value through differentiation, Business Dictionary (2015). Grobler et al (2011:9) noted that in the past the focus of Human Resources (HR) was an administrative one (traditional HR) with focus on personnel issues, more recently HR has been recognized as being contributory to the organization’s overall strategy. HR is therefore an integral part of achieving competitive advantage. One such HR practice that enables competitive advantage is in training and development of its staff. Noe et al (2012:98) noted that in the knowledge...
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...the meeting, Jim described Blue's current challenges, which included leadership changes, motivation/innovation, development of a strategic plan and its value, regional design, need for attention to strategic planning, finances, staffing and public relations – and possibly more areas, but Mr. Willis was not sure which yet. OD Mr. Byrd described how an overall systematic approach to organizational development would be the most effective approach to addressing Blue's major problems. He added that, during times of major change, it often is best to include some Board and leadership development in the project to help leaders understand and guide the change throughout the organization. OD Mr. Byrd added that the organizational development activities would best be conducted in the overall context of short-term, internally strategic planning, including the development and implementation of the Strategic Plan. After some discussion, participants agreed that a systematic approach to overall organizational development would be highly useful to Blue. Jim asked OD Mr. Byrd to provide a proposal that described more specifics on how OD Mr. Byrd might work with Blue. This proposal itemizes OD Mr. Byrd's proposed project and includes outcomes, overall activities and deliverables, techniques, terminology, concept, principles, analytic techniques, work plan, evaluation plan, schedule, roles and responsibilities of...
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...Manufacturer Strategic Plan MGT/498 University of Phoenix Professor James Powell October 29, 2012 Mike Mohler, Kanosha Mitchell, DeUndra Askew, Skye Richey, Joseph Okakpu Executive Summary Riordan’s Plan A fortified company is not known for its success in the short run or best time during a booming economy, but in actuality a fortified company is known for setting different plans in place during the hardest economic periods and still manages to remain profitable during this time. The plan that a company follows throughout with plenty room for upgrades or change is strategic planning. Riordan is company that has benefited from a strategic plan to keep the company goals at the forefront and maintain company values as the company matures and adapts to the ever changing competitive market. As a group, we will focus on explaining different aspects of strategic planning while explaining the need for a strategic plan, and defining the role of ethical and social responsibility for the company. The team will list the competitive advantages of Riordan Company and how constant innovation and sustainability affect domestic and international markets. The team will discuss the measurement guidelines to follow and determine strategy effectiveness, setting internal dynamics with consideration to cultural and structural leadership, influencing business continuity, and finally setting up a strong resolution team to deal with assessments and feedback to improve on the strategic plan of Riordan Company...
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...investigating problems. Human Resource Management maximizes the productivity of an organization. They also treat employees with respect while keeping them safe. This paper will give a description of human resource management. This document will also discuss how the human resource department fits in the strategic plan of a business. The only interaction that peoples have with HR is a brief moment, when he or she is first hired or turn in the resignation. The human recourse management department is an irreplaceable part of any organization. Human resource can be thought of as a personnel expert. Human resource personnel choose who is hired, set up training, and development of employees. The federal government has encouraged and sometimes demanded diversely in the workplace. Without a dedicated human resource management team, this would be difficult to do. Businesses require specialized skills and because of this, human resources have to be carefully monitored who was hired. Human resources do not want to hire and train someone who does not have the skills to do the job required. Human resources play a large role in training and development of employees. Human resource managers provide orientation for new hires and make sure employees are properly trained and qualified, as required by the federal government and company guidelines. Human resource apartment designs programs for employees, to ensure higher production and retention rates. This is just a portion of what the human resource management...
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...Strategic Plan Internal dynamics along with cultural and structural leadership considerations The internal dynamics along with cultural and structural leadership considerations that should be used in implementing business strategy for Riordan is readiness of employees in terms of supporting the new strategic initiatives. Employees should not only be committed towards the implementation of the plan, but should possess extensive knowledge and training and new strategic initiatives. Hence, it is extremely important that Riordan should ensure extensive training for the employees to understand the importance, benefits and know-how to handle the new processes, initiatives and strategic action plan in the organization. It is also important that the existing processes, systems and infrastructure should support the new strategic initiatives in the organization. It is important for Riordan to invest in necessary upgrading of infrastructure and restructuring of processes and systems to support the new business strategies. From a cultural perspective, it is important that Riordan's leadership and management should foster a culture that empowers Riordan's employees to work in a supportive, flexible work environment with adequate decision making authority. The culture of Riordan should be such that employees feel motivated to contribute towards the growth and new initiatives of the organization and remain loyal and committed towards the organization. To develop the quality culture and...
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..."those who fail to plan, plan to fail." Managers are continually planning. So much that it's considered one of the four major functions of management. Planning ensures that the company is working towards common organizational goals. Goals show clear direction and destination for an organization to achieve. Goals can be both long-term and short-term, where the end objective is almost always the same. Throughout this paper, the three types of goals and their importance, the different kinds of planning and the importance, and the elements involved in creating an effective strategy will all be examined. Three Types of Organizational Goals Organizations compose three levels of management- top, middle, and first-line. From these levels different types of goals are created, where they are originated by top management and are carried out by middle and first-line managers. Organizational goals consist of three types- strategic, tactical, and operational. The accomplishment of low-level goals leads to the attainment of high-level objectives, otherwise known as a means-end chain. First, strategic intents are formulated as the ultimate achievements desired and implemented by top management. Strategic objectives are usually developed to last over a two- to four-year period. Many goals exist, but the most common are market standing, innovation, productivity, physical resources, financial resources and action planning. For example, Wal-Mart's strategic objectives are "increasing...
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...company’s mission statement is using the nine essential components framework. This report focuses on the principles and tools needed to implement and evaluate the effectiveness of the strategic objective process. Lastly, this report considers any legal and ethical issues. Unit 1 Individual Project The following discusses the process of creating a mission statement for fictitious company ToolsCorp Corporation and writes the company’s mission statement is using the nine essential components framework. This report focuses on the principles and tools needed to implement and evaluate the effectiveness of the strategic objective process. Lastly, this report considers any legal and ethical issues. Launching a new business rests on a vision, or a set of beliefs, that the business can offer a product or service to consumers in a specific at a profitable price (David, 2013, p. 44). As a business grows, it is necessary for owners or managers to revise the company vision and mission. The original ideas are typically exhibited in the revised vision and mission. ToolCorp Corporation, located in Tennessee, produces power tools, lawn equipment such as mowers and furniture, as well as microwave and range appliances. This company has a booming business in the United States and Canada, but its current strategic initiative is to enter the global marketplace. Vision and mission statements A clear vision statement answers the question, “What do we want to become?” and lays the groundwork...
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...Strategic Plan Part 1: Conceptualizing a Business Strategic Plan Part 1: Conceptualizing a Business Strategic planning is critical to the success of any business, especially new emerging ones. “Once a firm has committed itself to a particular strategy, its image and competitive advantages usually are tied to that Strategy”(Pearce & Robinson, 2009, P. 3). This strategic plan will map out the path for Bentley IT Services. The definition of the business and customers is evident in the mission statement. The intended future of the company is consolidated into clear vision statement. The core values of the company server to guide the company in all endeavors. These mission, vision, and values will guide the company on its journey. Lastly, the plan will analyze how it addresses customer needs and maintains a competitive advantage over the competition. Company Mission The mission statement of an organization serves to identify the goals of the company, display the scope of the organization, and differentiate the company from the competition. In essence, it says defines who the company is and exactly what they do. There are four major points that bear consideration when formulating a mission statement. These are: who are the customers, what are the products and services the company is offering them, how does the company create value for the customer, and what is the scope and nature of the company. Bentley IT Services aims to be a full service provider of information...
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...Strategic Plan, Part III: Balanced Scorecard BUS/475 January 21, 2013 Strategic Plan, Part III: Balanced Scorecard For this portion of the business plan, we will use a balanced scorecard of strategic objectives for Mother Nature’s Healthy Eats. Some of these strategic objectives were taken from the SWOTT analysis that was created in part two of this business plan. A balanced scorecard is a set of four measures directly linked to a company’s strategy: financial performance, customer knowledge, internal business processes, and learning and growth (Pearson & Robinson, 2009). After sitting down and reviewing several issues that needed to be improved, the most needed for improvement were put on the balanced scorecard and each objective was given a time frame or percentage of improvement goal. The length of time for the first scorecard is to be met within a one year time frame or less. Each objective has been carefully thought out and what measure will be used to collect the needed information to ensure each objective has been met or what needs to be used to help in obtaining the objective. Financial The first strategic objective for the financial quadrant is to increase revenue and lower costs that will be measured with the financial statements each month and the target for this objective is a 25% increase within one year. The second strategic objective is the competitive position in which Mother Nature’s Healthy Eats is currently in. There is a large amount of competition...
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...attributed to improper planning, leadership, or a lack of strategic direction. The reason a business incorporates strategic management and planning is to ensure proper direction and long term planning becomes the backbone of any decisions made. In essence, the direction is mapped out in step-by-step process that allows a business to follow. Strategic Management “is the set of decisions and actions that result in the formulation and implementation of plans designed to achieve a company’s objectives” (Strategic Management, 2009). For example, if a new micro brewery wanted to open, this first step that needs to be determined is the long term plan. The brewery will have to determine if the business that will continue to expand to other locations, or if it is a business that will first attempt to establish itself in place and develop a name. In addition the atmosphere needs to be determined casual or formal, food, or no food. Each of these choices will require different designs. The Brewery will require the manager to maintain long-term contracts with brewing suppliers, restaurant suppliers, food distributors, and equipment suppliers. From a long-term perspective, fresh talent from local culinary schools could add flare to the menu if the business is based more on gourmet dining than casual. These agreements are strategic because they enable stability and long-term business growth for the brewery. In the absence of a strategic plan, the brewery will loose focus and even become the exact...
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