quora
Nobody downloaded yet

Critically evaluate the PESTLE and SWOT tools and discuss when it would be appropriate for a strategic HRBP to them. Support you - Assignment Example

Comments (0) Cite this document
Summary
PESTLE, SWOT and Human Resource Business Partners (HRBP) Introduction The Human Resource Business Partners (HRBP) or simply human resources strategy is the innovation of modern business world. It is considered as one of the best ways to utilise employees’ maximum productivity and thereby attain business success…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER94.6% of users find it useful
Critically evaluate the PESTLE and SWOT tools and discuss when it would be appropriate for a strategic HRBP to them. Support you
Read TextPreview

Extract of sample
"Critically evaluate the PESTLE and SWOT tools and discuss when it would be appropriate for a strategic HRBP to them. Support you"

Download file to see previous pages It will also discuss another relevant theory with regard to its application in HR field. PESTLE/PEST PESTLE/PEST analysis explores different external macro-environmental situations such as political, economical, social, and technological factors in which the firm operates (PEST analysis). In other words, the PEST analysis is an overall environmental scan so as to assess opportunities and threats in the external environment. PEST analysis is a widely adopted concept and it has large number of applications as listed below; Business planning: this tool gives accurate information to management regarding targets toward the development of new products. Marketing planning: it also improves marketing planning process by providing valuable elements in a situation analysis phase. SWOT is the acronym of strengths, weaknesses, opportunities, and threats. It is a globally accepted concept that explores internal organizational factors such as strengths and weaknesses and external environmental factors such as opportunities and threats of a project. The SWOT analysis provides beneficial information whether a firm’s resources and potentials fit with the competitive environment in which it operates (SWOT analysis). Main applications of this concept are discussed below Strengths such as patents, reputation, and strong brand name; and weaknesses like poor brand name and high cost structure can be identified. Arrival of new technologies and withdrawal of regulations are some of the opportunities to a business whereas trade barriers and introduction of substitute products are threats. SWOT analysis focuses on these issues also. In addition, there are a lot of advantages and disadvantages to both techniques. Firstly, both these methods are easy to understand and simple to operate. PEST tool is very effective for assessing external changes in the case of multinational companies. The SWOT analysis is suggestible to achieve organizational mission while PEST analysis brings a clear picture of business’ external environment. A SWOT analysis can be performed by anyone who has adequate information regarding the day to day operation of the business and the market; hence it is a cost effective method. At the same time, a PEST analysis develops strategic thinking and clearly points out the threats to a business. Similarly, PEST tool would assist the organization to avert future difficulties. Although the simplicity of SWOT analysis is beneficial for a firm to reduce related expenses, it also eliminates the possibility of a critical presentation. Since the SWOT analysis does not assess the degree of threats and opportunities, the results obtained from this method require further research in order to get a comprehensive picture. The rapid changing nature of society raises many difficulties to PEST analysis in anticipating future developments. According to Haughey, PEST analysis tends to rely on assumption and therefore, it would minimise the accuracy of outcomes. In the opinion of Rabin (1999), Organisational downsizing is a management strategy that aims to focus more on the business activities by reshaping the firm’s structure into a smaller size. By downsizing the organisation, the management can terminate employees with poor performance; and it is possible to maintain a group of potential workers. The SWOT and PEST analyses greatly contribute to ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Critically evaluate the PESTLE and SWOT tools and discuss when it Assignment”, n.d.)
Retrieved from https://studentshare.org/family-consumer-science/1411799-critically-evaluate-the-pestle-and-swot-tools-and
(Critically Evaluate the PESTLE and SWOT Tools and Discuss When It Assignment)
https://studentshare.org/family-consumer-science/1411799-critically-evaluate-the-pestle-and-swot-tools-and.
“Critically Evaluate the PESTLE and SWOT Tools and Discuss When It Assignment”, n.d. https://studentshare.org/family-consumer-science/1411799-critically-evaluate-the-pestle-and-swot-tools-and.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Critically evaluate the PESTLE and SWOT tools, and discuss where it would be appropriate for a strategic HRBP to them. Support your answer with reference to other relevant theories/models, and provide examples of application in the HR field
This would mean that the HR strategy is in line with the organizational objectives and goals that are envisaged from the long term scheme of things. The PESTEL and SWOT tools also play a significant role at detailing how
4 Pages(1000 words)Essay
Banking sector ( PESTLE and SWOT analysis)
The bank is based in Basel and Zurich, Switzerland with offices in over 50 countries. This includes all the major financial hubs. Drawing on its 150 year old heritage the investment bank serves institutional, private and corporate clients across the globe including some Swiss based retail clients.
13 Pages(3250 words)Essay
With reference to appropriate literature and cases, critically evaluate the influence of classical and human relations approaches in management today
Several examples and cases have been considered in the later part of the study in order to provide a clear picture of the impact on the today’s management of the organizations. Several theories and related studies have been considered to meet the objective of the study.
12 Pages(3000 words)Assignment
Strategic Management - Integrative and Analytical Tools
New markets can be conquered through product differentiation accompanied with price competition. It is however imperative to analyze the desired markets to come up with
3 Pages(750 words)Assignment
Critically evaluate the approach an organisation of your choice has adopted to strategic HRM
Google currently has more than forty seven thousand employees thirty percent of whom are women. The employees of the company work in different workstations throughout the world in order to enhance the company’s efficiency
12 Pages(3000 words)Assignment
What would you do as an educator to make spanish speakers (parents and students) feel comfortable when they meet you in a school setting
It would also pave the way for my future work manifestations as far as teaching regimes are concerned. Spanish speakers might encounter trouble at the hands of comprehending the message that is conveyed through the
1 Pages(250 words)Assignment
Discuss two segments of the economy in a critical stage of collapse when Roosevelt assumed office and his administration's attempts to strengthen them
Roosevelt blamed the bankers for the depression; as a result, he closed all banks until he was able to push for the Emergency banking Act (Brands, 2008). The
1 Pages(250 words)Assignment
Sunitinib is an agent approved for kidney cancer patients which has been shown to extend life by 46 months at an annual cost of $54,000. Discuss as a healthcare decision-maker (i.e., payer) when you would approve prescribing this drug on economic as di
has been scientifically proven to be able to extend one’s life by four to six months, costing annually $54,000. Obviously, the cost of such a medication sometimes overshadows the fact that many people cannot afford such an expensive medication—as $54K
2 Pages(500 words)Assignment
Discuss critically how you would bring about an identified change in an organisation (or organisational unit) you are familiar with
This has resulted to evolvement of the ever-changing business environment. Technology has come up with platforms such as the social media platforms that require business to adopt and utilize them in
10 Pages(2500 words)Assignment
Critically evaluate the significance of leadership as it relates to driving the culture of an organisation. To support your anal
Leadership takes a variety of forms depending upon the situation in the organization. Leading a small group in an organization is a different process compared to a large group in a big organization. The concept of leadership has changed eventually with the changing organizational environment and process.
12 Pages(3000 words)Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Assignment on topic Critically evaluate the PESTLE and SWOT tools and discuss when it would be appropriate for a strategic HRBP to them. Support you for FREE!
logo footer
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • StudentShare App Store
  • StudentShare Google play
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • Miscellaneous
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us