Q1: Why is it important for HR Management to transform from being primarily administrative and operational to becoming more strategic contributor? Human Resource management has to transform to being a more strategic contributor to business success because the demands of the workplace are rapidly changing. Human resources employees can fill purely administrative roles and become strategic contributors to company or organization success. Transforming the HR function into a strategic contributor can take your workforce strategies to the next level and increase the value of your human capital to accrue distinct competitive advantages. Next, the demands of the workplace and the increasing technological drive of the domain, as well as the fluid and dynamic nature of the globalized workforce and work setting are all the elements that are rapidly changing what work people do and how they will be assessed in accordance to it.
Skills requirements: Evaluating the skills of the current workers is an essential part of human resources planning as it helps a business to build up a profile of the training, experience and qualifications that employees already have. This is very important whether the business is wealth intensive or work intensive. As the environment and type of work changes in the business, so do the skills requirements. If we look at Morrison Talent management skill is really important because the manager need to know what he’s doing to make the company succeed against it competitors. • Costumer Service • Team Work •
The competition between businesses will ensure better quality of their goods and service they provide. Competition is well known for providing great productivity which leaders to a growth in the economy. Not only can competition improve the quality of work, it can also improve innovation. Innovation is an important quality to have in a company because it aids in keeping products and services fresh. “Economic Influence on Marketing” claims, “To keep current, your business has to adapt to changes in the industry and must always keep its eye out for innovative, cutting-edge technology and product improvements” (Bradley).
The term "export" is derived from the conceptual meaning as companies produce products in their own countries and sell goods to customers in foreign countries. Exporting allows a company to centrally produce its products for several markets and therefore to gain economies of scale since many countries do not offer a large enough opportunity to justify local production. ‘Export development is associated to high levels of cooperation between exporters and importers, high levels of trust, and communication sufﬁciency.’(Rodriguez, Wize & Martinez 2013, p.1646)One of the advantages is that makes the company less dependent on sales in its home market and provides a wider range of goods and services In addition, the potential market is bigger by selling overseas. Foreign sales over the long term, it will increase overall profitability once export development costs have been covered. Besides, exporting also provides a greater degree of control over all aspects of transaction such as design, production decisions and research.
TRAINING: DEVELOPMENT: Training is the acquisition of knowledge, skills and competencies as a result of teaching. Training is a program organized by the organization to develop knowledge and skills in the employees as per the requirement of the job. Development teaches how to become more productive and effective at work and at the company. Since Tesco aims to expand and diversify, that required the business to select the right people, in the right place, because customers’ needs and wants are different and the culture of each area varies. Tesco need to have flexible employee who are able to adapt the change in order to satisfy the customer.
Workers aim for and achieve more realistic goals for the company and are motivated and guided toward improvement over time to continue reaching goals as they become more challenging and systematized. Employees are rewarded and motivated by achieving realistic goals rather than repeatedly failing to meet challenging objectives (The Gap Nobody Knows, pp. 397, 405). Hurd was able to accomplish great things with HP after becoming CEO when things were getting worse under the direction of Fiorina. He was able to come into the company and use the improved system and vision that Fiorina implemented to understand the business environment circumstances and establish realistic goals to guide employees into improving the condition of HP
outcome and feedback loops to redirects to strategic and operational issues. In successfully Team based organization the complete focus is not only on teams but also highlights the essential role of the managers. Form a strategic vision: Rapidly growing technology and global competition are making the organizations implement new ways to gain competitive advantage. In this new technological era one company masters a new technology and the other company makes the technology advanced. So there is need to catch the flexible changes in the market to meet the customers’ expectations which is essential in drafting organizational strategy.
Thirdly, local business will have a lot of difficulties because people tend to like import goods or foreign goods more than local products. The trend of globalization put developing countries into a hard competition. Globalization allows countries in the world are free in trading without any barriers about tax, not only that the cost of domestic and imported goods are not too many differences cause major competition about commodity (The Impact, n.d.). That force developing nations have to make their product quality better, improve design of goods and reduce production cost. The next point is the pressure on the natural environment.
Two major proactive reasons include; the need to seek economies of scale, and the need to seek more expansion opportunities in case the home market becomes congested. 3) Investment through joint ventures is a market entry strategy used by the strategic audit firms to enter the global markets. This entails the coming together of a domestic and a foreign company to completely form a new company. Its main advantage is the low costs involved since all related
In the rapidly changing workplace today, managers are being asked to grow and accomplish tasks they are not accustomed to doing. One of these things that many workplace professionals are being asked to do is develop a greater sense of decision making. Axelrod (2012) articulates that in the rapidly growing field of leadership development that building self-awareness is connected with a sense of being a more efficient executive. Development of self-awareness is seen as a prerequisite for building social connections and becoming an influencer (Axlerod 2012). Self Awareness is not only important in the professional workplace.