HRM of Sonoco - Essay Example

Download file to see previous pages... The strategic value of the Human Resource Management Structure in the development and implementation of the organization’s goal cannot be gainsaid. Thus its involvement in any planning and roll out of strategies and initiatives is not only a must but mandatory (Little, 2011). Sonoco is a 100 year old organization that have survived wars and repeated economic crises. It is also a paternal organization that values relationship rather than performance. Sonoco will be examined in this thesis to assess how the value of human resource management will be applied. Background The growing role of Human Resource Management in organizations (Losey, Meisinger, & Ulrich, 2005) that enable it to play an important role in strategic initiatives cannot be made more apparent that in the case of Sonoco. For the better part of the last one hundred years Sonoco packaging company have successfully achieved uninterrupted growth coupled with impressive financial success. However, the past several global crises have also affected the primary customers of Sonoco that contributed to a drastic reduction in its fiscal performance. Despite these adverse economic situations Sonoco managed to grow through the acquisition of several other companies. In trying to survive several crisis that would include reduced local demands Sonoco also had to contend with the increasing visibility of off-shore competitors that severely undercuts its prices. To resolve these challenges Sonoco tried and failed to get the right talents that would give it a fresh perspective. Instead Sonoco experienced productivity issues. The unreliable market experienced during the case would have been as a result of poor production which is also a consequence of lack of...
According to the research findings the growing role of Human Resource Management in organizations that enable it to play an important role in strategic initiatives cannot be made more apparent that in the case of Sonoco. For the better part of the last one hundred years Sonoco packaging company have successfully achieved uninterrupted growth coupled with impressive financial success. However, the past several global crises have also affected the primary customers of Sonoco that contributed to a drastic reduction in its fiscal performance. Despite these adverse economic situations Sonoco managed to grow through the acquisition of several other companies. In trying to survive several crisis that would include reduced local demands Sonoco also had to contend with the increasing visibility of off-shore competitors that severely undercuts its prices. To resolve these challenges Sonoco tried and failed to get the right talents that would give it a fresh perspective. Instead Sonoco experienced productivity issues. The unreliable market experienced during the case would have been as a result of poor production which is also a consequence of lack of proper management by the group managers and corresponding supervisors within the packaging department. Some of the consequences of poor management experienced in the case study include but not limited to reduction in sales which negatively impacted the company creating a perception that the company is losing consumer interest in the global market. ...Download file to see next pagesRead More