D2: ‘Evaluate how future changes in economic, political, legal and social factors may impact upon the strategy of a specified organisation’ In the future, many aspects will change within the UK which may impact upon the strategy of an organisation such as Tesco PLC. In order for Tesco PLC to survive this demanding economy, they will have to adapt to the future changes in economic, political, legal and social factors, so that they (as a business) will be able to survive. Economic Quite recently, within the last 10 years, the UK has suffered from a major recession which caused an immense amount of disturbance to the general well-being of the economy and the majority of the population within the UK. Every business (providing either goods or services) was severely affected by this, especially Tesco PLC as they are a global organisation who has branches in America as they have also been hit with an upsetting recession therefore Tesco PLC have collectively decided to exit the American market (See Appendix 33). In order to avoid making a further loss, if another recession was to occur again in the future, I would suggest that a reduction in employees would be beneficial for the business.
Every business wants to know how well they will do in the near future, but when the position of a law maker is open it is almost impossible to know what the future may bring. If companies do not know if the laws being made are going to raise or lower costs of operations then how will they know if any company will still be around to continue business thus increasing cost because of the witch to a competitor. (Berr, 2010) Whether it is a local or a national election the people who are making laws will always affect any business within their jurisdiction. Any size company should always take into account that the future will not be as easy to forecast if an election is up coming. Any previous month’s numbers can not be relied upon as much as they would be able to in the past to help in the production of any Pro Forma document.
Week 9 Case Analysis Utiliscan’s By: Tenika Carroll Wednesday March 3, 2010 Dr. Kimberly Scanlan Utiliscan has experienced a growth rate in company business. The HR director and the company CEO’s have been having a very hard time trying to find experienced employees and also address the current issues within the Utiliscan. So Paul the current Director of HR has just learned of a new opportunity and has decided to leave the company, but before he left he conducted a survey on some of the employee concerns. Once the survey was completed, Paul was asked to complete a conceptual plan that would address the employees concerns and stay within the companies’ budget. Throughout the case analysis Paul will address each of the employees
Managers at ACC have to cautiously examine their respective workers and decide if they require the need for extra people and if they do the managers have to estimate the different personalities they manage and what type of personality would fill the open spot effectively. One of the smartest methods a manager can embark on is to set their workers up to be successful not just as individuals nevertheless as a
Employee Motivation Theory Often times companies that struggle with the relationship between the employees and the goals of the organization; sometimes the moral of its employee is thread that sets the relationship apart. Managers have made several failed attempts to establish that relationship with the employee to knit them together with the goals of the organization. Therefore, the company level of accomplishments is diminished. A good manager has learned good people skills, and often times he/she is able to motivate their employees to increase their output. It is important to be able to penetrate any barriers that the employee may have as a defense mechanism.
Jobs that have specific qualifications or task that are defined should be a Person/Job Match. Jobs that are poorly defined should be a Person/Organization Match, that is matched with the vision of the company. Having specific knowledge, skills, and abilities is needed for some jobs but the greater needs for the company would follow a more general path. Having a general skill set such as flexibility, ability to learn, and communication skills will enable your department to place employees across a variety of jobs and develop their more specific talents as the company has needs. While any company wants to employ exceptionally quality minded employees they are also faced with the fact that they are less experienced than the acceptable quality workforce.
In many cases, the employer has invested a lot of capital in the organization formulates company regulations and procedures that protect his investments. As it is hard for employees to have same rights in a work place in an environment where the managers dictates what the employees do. As president Ron Gattelfinger of the UAW pointed out during the 2007 September strike, the union is disappointed by the fact that General Motors is not recognizing the contributions being made by it members for the last four years, since 2003. (UAW, 2007) Good industrial relations in work place are hard to define because for a system to be good it has to involve a lot of complex issues. The system has to look at the employees as important aspects in the running of the company.
Melissa Day HRM 587 Professor Stone Week 2 Images of Change November 8, 2013 Change frequently occurs in a company. That change can manifest itself in a change in leadership-like a new CEO, downsizing due to structural reordering, or acquiring new companies to improve business output and diversifying ones product line. From an employee (and for some members of management) standpoint change can cause fear and stress, because change shakes people from where they were comfortable and it asks them to do something different, something they may be uncomfortable with-however, the only constant in life (both personal and professional) is change. For my project, I have selected two companies that have undergone changes throughout the past year:
Many employers now evaluate the applicant’s credit report, although it does the employer no good knowing what companies you have or have not paid it tells them a whole lot about how responsible the person is; which is one of the most essential skills needed to be successful in today’s workforce. In my opinion, the most ideal employee will have the skills of being punctual, honest, responsible, kind, being able to work well with others, and being willing to further their education. They will also have the knowledge of knowing when to use their resources and where to find the information needed, and to not be fearful of the consequences when they make a mistake and being honest enough to verbalize it. The skill of being punctual speaks for itself when working any job it is important that you are clocked in and ready to work when you shift starts. Not only because you have a job of which, is organized based on your scheduled hours, but also for the respect of your co- workers.
Managing Change Part II MGT/426 Managing Change At times organizations tend to take on their own culture and in doing so, they face different challenges and changes. For Citigroup to compete, stay financially fit, and adapt, the organizations has to change. Citigroup’s employees must understand how change can be beneficial to the organizational and to them as well. By implementing change will allow the organization grow, meet customers’ needs, challenge the employees to improve his or her skills. Change is imperative for Citigroup to remain relevant.