Nobody downloaded yet

HRM IN BUSINESS CONTEXT - Coursework Example

Comments (0) Cite this document
Name: Course: Instructor: Date: HRM in Business Context External Environment Issues The case provides a description of the external environment in which the company operates and which may implicitly or explicitly affect the human resources of Easy Living Limited…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER95.5% of users find it useful
Read TextPreview

Extract of sample "HRM IN BUSINESS CONTEXT"

Download file to see previous pages Along with this another reason for the slowdown in the market is the inflow of the inferior quality of products into the market for futon which has acquired all the market share of the first time buyers or the students. The Furniture Manufacturer’s association have also appealed to the European Union for the control of such imports from India and the countries of the Far East (Hill and Jones 43-45). The changes in the policies of exports and imports of the government may have an effect on the revenue of the company. This will have an effect on the production level of the company and it would employ less people in the process of production. Thus there is threat of competition from the foreign countries. The company is also influenced by the government grants and in order to set up factory in such areas these grants are essential. Therefore it might be difficult for any other competing firm to open operations in Nottingham at ease (Palmer and Hartley 99-116). The availability of the hardwood and the softwood would have an influence on the costing of the company. Thus the barrier to entry is high for the new entrants. The company needs to have enough labour supply in order to continue with the production process. Since there is unemployment in the area the company can get adequate supply of labour. This means that the bargaining power of the labourers is low. The company is also influenced by the various laws relating to the emissions in the organisation. If the levels of emissions are not maintained the company would have to pay a huge amount of fine to the government. Niche Market for Futons and Sofa-beds The market for sofa beds and futons is a niche market because it is targeted towards those customers who are the students or the first time buyers. This market is an extremely specialised market in the town of Nottingham. The market is of the size of 10.7 billion pounds. The company though produces only a certain line of products, the company appeals to people of all the income groups. This is because the company has product made for the people who have lesser amount to spend as well as for those customers who generally look for the premium priced products. The company also caters to the unique styles and the wacky design segments for the furniture cover. These products are preferred by people with a different kind of taste. The import markets of the UK are mainly driven by China which account for 33% of the market share. The furniture is also imported from the Italian as well as German Markets. STEEPLE Analysis Social The products of the company are purchased by the people from different groups of income. Thus the portfolio of niche products of the company includes something to offer to each of the segments. The company has an opportunity to cater to the other markets. Technological The new methods of technique are used in the production process of the company. The company can use the advanced techniques of incorporating the high efficiency cyclones that would reduce the level of emissions. The incorporation of the new technology would also reduce the requirement of people in the company because the production process would be more automated. This would also be an opportunity for the company if the manufacture the various new technologically advanced products. Economic There are several economic factors that may affect the operations of the company. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“HRM IN BUSINESS CONTEXT Coursework Example | Topics and Well Written Essays - 1250 words”, n.d.)
Retrieved from
(HRM IN BUSINESS CONTEXT Coursework Example | Topics and Well Written Essays - 1250 Words)
“HRM IN BUSINESS CONTEXT Coursework Example | Topics and Well Written Essays - 1250 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document


Human Resource Managment in Business Context which it is being influenced and the manner in which it is affected have to be considered and studied for HR to change from being reactive to proactive. This theoretical understanding of HRM in business context provide the grounds necessary in apprehending the essential and expanding role of HRM in the contemporary context. It presents the notion that as HR becomes a strategic process that is adopted by the company in order to attain its vision and goals, it continues to perform the traditional administrative functions attributed to it. However, HR performs these functions no longer as a bundle of functions that are performed, but it, too, are...
15 Pages(3750 words)Essay

Human Resource Management (HRM) in Context

...? HRM in Context AFFILIATION: Table of Contents Table of Contents 2 Role of HR professionals as business partners 5 Findings 6 Challenges faced by HR business partners 8 Rationale for handling the issues 10 Conclusion 11 References 13 Human resources are recognised as highly vital elements for any firm as these resources are the main elements that execute the objectives and goals of the organisation from a written mode to a practical one. Human Resource (HR) department has been viewed as an administration constituent of an organisation for many years and the employees of this department were considered to be the individuals who impose the practices appropriate for the entire staff of the organisation (Lengnick-Hall et al., 2009... ., 2010....
11 Pages(2750 words)Essay

HRM in International Context the place where it is to be deployed. The key requirements of the job is to uphold the company work objectives and this requirement is perfectly in demand of the staffing policy which will make sure that the true potential of the company in terms of performance, results and services is deployed. Any business or company that is looking to expand globally cannot sustain growth rate without optimal staffing strategies in the international context. In the given scenario, there can be a lot of options for the staffing policy and it is dependent on different volatile variables but keeping in view the company demands and international canvas setups, ethnocentric staffing policy will be best to adopt while...
14 Pages(3500 words)Essay

International Context of HRM Practice and Consultancy

...? International context of HRM Practice Contents Contents Work Councils – Functions and Difference from Trade Unions 2 Difference between stakeholders’ model and shareholders’ model 4 Is there a coherent model of Anglo-Saxon employment and industrial relations? 6 Is there a model of East Asian employment relations? 8 Employment relations in Japan 9 Employment relations in China 10 Specific issues of International HRM for MNCs operating across borders 10 Role of ILO in improving international employment standards 11 Is ILO more effective than national governments and NGOs? 12 References 13 Work Councils – Functions and Difference from Trade Unions Globalization has triggered sea changes not only in the transnational commerce... of Developed...
10 Pages(2500 words)Essay

Business context

...these factors substantially act together and influence the organization globally (Needle, 2010, p.5).       Considering the U.K. market with respect to prescription spectacles, there are two different ways in which the business is prevailing. One is through the opticians on the High Streets, and the other is through the online prescriptions and delivery of spectacles. From the business context outlook, the market is doing well, with more and more customers demanding for variety of spectacles with prescriptions. The online service is also offering lower prices than the local opticians. However, the market share of the online service continued to stay low even after operating for over ten...
8 Pages(2000 words)Essay

Business context

...? Pharmaceutical firms claim that they must charge very high prices for 'blockbuster' drugs because of the high cost of research and development and because they lose their monopoly rights within ten to fifteen years of commercial production commencing. [Name] [Course] [Professor’s name] [Date] Introduction Across the world, the pharmaceutical companies are feeling low due to tremendous growth in the operating as well as research & development costs of the firm. These factors are directly influencing the growth of healthcare expenses. Research and development (R&D) in the pharmaceutical sector is the process to discover, develop and market new generic products. R&D in the pharmaceutical sector is seen as an investment to create... Pharmaceutic...
8 Pages(2000 words)Essay

HRM in Context

...?HRM in Context Table of Contents Table of Contents 2 Introduction 4 Theories on Employment Relationship Management 5 The Harvard Model 6 The Michigan Model 7 Guest Comparative Model 7 The ‘Choice’ Model 8 Practices of Employment Relationship Management 8 Antecedents and Functions of Contemporary HRM 9 Leadership 9 Motivation 10 Herzberg’s Motivation-Hygiene Theory 10 Douglas McGregor’s X Y theory of Management of Employees 10 Maslow's Hierarchy of Needs 11 Succession Planning 11 Example of Employee Relations 13 Enforcing Workplace Policy 13 Identifying Employee Concerns 13 Investigating Complaints 13 Resolving Workplace Issues 14 Employee Relations Issues 14 Legal Issues 14 Conflict...
8 Pages(2000 words)Essay

The Global Context of HRM and HRD

.... Alagappa (1995) defines regionalism as a phenomenon that refers to the gradual or sudden rise of regionally defined activities and processes occurring in diverse parts of the world. It is about the making of formal regional institutions by regional countries and often involves functional cooperation, and tends to assume the form of geographically proximate governmental cooperation for the pursuit of mutual benefits (Alagappa, 1995). From this perspective, it is, therefore, an economic project pursued by state actors, largely in response to globalization and in an effort to mitigate its economic effects. On the basis of the foregoing introductory explanation of regionalism within the context of globalization, this...
20 Pages(5000 words)Essay

HRM on International context

...-labeling of the functional training area or key strategic platform in developing organisational competitive advantage. In recent years, the concept of corporate university (CU) has become an increasingly significant of contemporary corporate training and development in Europe (Walton 1999) while in USA the concept has been widespread and projected to outnumber traditional universities within the next decade (Price and Beaver 2001). The paper explores the debate surrounding the concept CUs by focusing on Australia’s largest private sector employer, Coles Myer Limited (CML). CUs are essentially in-house training facilities that have sprung with regards to quality of post education to business and the need for long life...
6 Pages(1500 words)Essay

Provide a critical analysis of the business case for work-life programs within a strategic HRM context

...Topic:  Provide a critical analysis of the business case for work-life programs within a strategic HRM context. Introduction The intense competition has insisted the organisations to hire and retain highly skilled labour. In consideration to attract highly skilled people and to improve overall organization performance, companies are going for work life balance. As work life balance policy is introduced to bring benefits therefore, it should be beneficial for the customers, individuals and organisation. Nowadays, companies are highly focusing on work life balance policies to resolve the issues raised by individuals related to the conflicts between their work and family life. Work life...
10 Pages(2500 words)Research Paper
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 Coursework on topic HRM IN BUSINESS CONTEXT for FREE!

Contact Us