So, planning is the key to success for any business. Planning is a process of setting up goals and deciding on how to meet the goals strategically. It requires the use of strategic management which involves implementation, execution and formulation for an organization to carry out its strategies and goals effectively. The three line managers of the first, middle and top leads the way to achieve to their missions and goals. They also responsible for setting up the tactical, work plans and strategies.
You are responsible for setting work and development objectives for your team and for monitoring performance and achieving business results. Task 1: Explain why it is important for individual and team objectives to link into overall organisational objectives and, use a practical example to demonstrate how this is achieved. Identify the factors you need to take into account when agreeing objectives for your department or work area and when agreeing objectives with individual team members. Given that objectives link together and often overlap, there is a need to agree individual and collective responsibilities for the part everyone will play in their achievement. Identify how you would organise the agreement of responsibilities with team members and colleagues, using examples where possible, and acknowledge the potential pitfalls when this is not done well.
we are going to use SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis to get a clear insight of the company. The SWOT analysis is a very important practice that helps the business to know where it is going and how far it has come from (Böhm, 2009:2). According to Marketing teacher (2010), strengths and the weaknesses forms the internal part of the issues relating to an organization. On the other hand, opportunities and the threats present the external factors affecting the operations of an organization. Zahorsky (2009) posits that the SWOT analysis helps a company to look beyond where it is and focus on its visions.
By focusing attention on setting understandable performance expectation, it will help the employees know what is expected of them to be successful on the job. HRM defines career development goals as part of the process they make it very clear how the current position supports employee growth and additional opportunities the employee may explore. HRM should inspire employees to strive and achieve the company’s mission statement and objectives. Corporation and the employees should understand how an employee contributes to the organization. With customary discussions on feedback, coaching and position updates encourage flexibility.
Setting effective SMART goals with employees can ensure that targets are reached (Bateman, 2009). Once effective goals are set, it is necessary for the manager and employee to set a plan of action to meet desired targets. In addition to optimal plans, additional plans should be made to ensure proper implementation of directives. It is the duty of management to evaluate all action plans of employees and to weight the strengths and weaknesses of each plan. Next, after evaluating each plan the manager must select that which best suits the employee and company directives.
Strategic planning on the other hand is the programming and operationalisation of organisation’s future direction requiring thought, analysis then action (O’Shannassy, 2011). Both strategic planning and thinking form part of the larger strategic management process and both are crucial to an organisation’s success. In order to survive and even prosper in a competitive industry, organisations must be able to use these strategies as a means to achieve some sort of competitive advantage within their relative industry. They must monitor both intra-organisational factors as well as external factors from the industry so that they can create a “unique and valuable” position (Porter, 2003) within their competitive landscape. Porter’s Five Forces gives insight into the external factors which shape industry.
The objective of this paper is to analyze and evaluate the operations strategy of Zara. To do this, it will be used the operation strategy matrix, that defines on the vertical side the performance objectives of the company and on the horizontal side the different areas in which decisions can be made. The intersection of both will show which the critical areas of Zara’s operations are. In order to reach a deep level of analysis, it is very important the task of defining both the performance objectives and the decision areas. These will be the first part of this paper.
There is varying communication techniques required to enhance the attainment of each stage of the change process. 3. What are the main steps to ensuring compliance with legislation, policy, procedure and/or guidelines? * Ensuring that employees comply with legislation, policy, procedures and guidelines, requires consultation between the responsible officer and staff so that staff is made aware of and understand the policies. * Employees should be made fully aware of the processes with regards to the recruitment process.
In discussing the impact the HR department has on the other departments, it is important to understand the role it plays within an organization. These can be described as below. Involvement in the overall strategy of the organization In today’s organizations, to guarantee their viability and ability to contribute, HR department needs to think of themselves as strategic partners. In this role, the HR person contributes to the development of and the accomplishment of the organization-wide business plan and objectives. The HR business objectives are established to support the attainment of the overall strategic business plan and objectives.
A business strategy is a long-range plan of a business. Each member of the business must take part in the fulfillment of the business’ strategic plan. But in making a business strategy it must take into consideration its objectives, mission and capabilities. Also they should try to have an environmental scanning for new trends, opportunities and threats for their business. It was that its strategy is used to guide them in using their resources efficiently and effectively.