StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

HRM IN BUSINESS CONTEXT - Coursework Example

Comments (0) Cite this document
Summary
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 PAPER94.5% of users find it useful
HRM IN BUSINESS CONTEXT
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
  • CHICAGO
(“HRM IN BUSINESS CONTEXT Coursework Example | Topics and Well Written Essays - 1250 words”, n.d.)
Retrieved from https://studentshare.org/human-resources/1498451-hrm-in-business-context
(HRM IN BUSINESS CONTEXT Coursework Example | Topics and Well Written Essays - 1250 Words)
https://studentshare.org/human-resources/1498451-hrm-in-business-context.
“HRM IN BUSINESS CONTEXT Coursework Example | Topics and Well Written Essays - 1250 Words”, n.d. https://studentshare.org/human-resources/1498451-hrm-in-business-context.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF HRM IN BUSINESS CONTEXT

The Experiences of Boys and Girls in the Context of a Romantic Relationship

... origin are positively associated with the quality of romantic relationships. Giordano, Longmore, & Manning (2006) carried out another study using a symbolic interactionist perspective to examine the experiences of boys and girls in the context of a romantic relationship. The study focuses on the nature of communication, emotion and influence within that relationship. Although it thoroughly discusses findings of other studies on adolescent romantic relationships, it focuses on boys’ romantic perspectives. Interviews with adolescent boys involved in romantic relationships were done in private, and it was found that an examination of reports of feelings of love across the total sample does not reveal a significant gender difference...
17 Pages(4250 words)Case Study

Internal and External Environmental Analysis for the Bakery Business

Liberalization of foreign investment and technology policy of the government is supportive of establishing industrial units in the country.

Threat: The UK food regulatory authority is planning to enforce the EC Regulations relating to food labeling. The labeling requirements under the new regulations will affect the food industry as the suppliers will be legally obliged to disclose the GM content of foods to the caterers. Thus business firms in the bakery industry also will be effected through the exclusion of flexible manner of labeling arrangements in the case of flour confectionery involving GM Soya or maize. (Genetically modified and novel foods (labeling) (England) regulations, 2000).

Trend: The new subs...
6 Pages(1500 words)Case Study

Evandale's Business Plan

Evandale’s mission would have a strong impact on the company’s later brand development.
When a company determines its mission and its vision, it needed to determine its objectives to accomplish that vision. I did not see the objectives—where the company was heading through in the presentation. A clear objective would have enabled me, as an audience to also picture where the company would want to go and would serve as the benchmark for me to assess the later strategic choices the company would state in the presentation.
According to the slides, the potential demand for caviar and the sturgeon products are “100x” bigger than the current supply. I would have wanted to see a reliable source for...
7 Pages(1750 words)Case Study

The Management, Leadership and Teamwork Competencies Required by a Small Business Owner

On the other hand organizational leadership is defined as the ability based on the specific skill of an individual to lead his/her subordinates in a manner that pre-planned organizational goals could be achieved within the defined time-frame.

According to Burns (1978) and Bass (1985), transformational leadership has a set of category constructs such as values, morals, farsightedness, long term goals, principles, acute awareness about the dividing line between causes and symptoms, mission statements, strategic perspectives, and human resources. Similarly, they identify a set of category constructs in the transactional leadership also. For instance concentration on the task at hand, short term goals and tactics, confusion co...
6 Pages(1500 words)Coursework

Business Information Systems

...Club IT - Part Three of Phoenix BIS 219 Introduction to Business Information Systems Club IT – Part Three _________ _________ DATE ________ Table of Contents Table of Contents 2 Abstract 3 Overview 3 Business background 4 Current Technology Structure of Club IT 5 Problem Assessment 5 Club IT Business Goal and Strategy 6 Assessment of Needs 7 IT Solutions for Club IT 8 Decision Support Systems/ DSS 8 Customer Information System 8 Data Mining for Business Performance 9 Enterprise Resource Planning 10 Supply Chain Management 11 Customer Relationship Management 11 Conclusion 11 Bibliography 12 Abstract Club IT is a nightclub that is currently operating with the traditional technology structure. Club IT nightclub is most popular club in its...
8 Pages(2000 words)Case Study

Business Administration

...Master Business Administration – Pre Admission Essay Please describe your main interests and leisure activities, and any other experiences or involvement that has significantly influenced your career or personal development. 100 Words I was born in India where Cricket is played across the country. I received my inspiration and motivation to play this game after India won the 1983 World Cup Championship. I have played this game representing my school and college in various tournaments. During my leisure time I watch the television. The channels that I generally watch are the sports, movies, and entertainment ones. I also have an interest in the technological gadgets. During my childhood, computers were the only gadgets which influenced me...
6 Pages(1500 words)Essay

Business Plan Real Estate Agency

re representing our company as their business consultants and our responsibilities are limited to the knowledge of the client’s business and information provided by the client.
The company Of-Fit has been operating as office supplies and equipment supplier since 1998. Their corporate office is in Aberdeen and it has excellent industry relations. The company is a sole proprietorship and its owner is Mr. Andrew Schwatz who has been working in the industry for more than 20 years. The company current staff is 8 and its revenues are £115,690 and £156,178 in 2008. The company aims to expand its operations in other business areas and regions of the UK.
The detailed business plan developed for this report incor...
12 Pages(3000 words)Business Plan

The Main Threat to Small Business

When it comes to reliability factor big businesses are able to sustain because of their track record. Big businesses are able to pacify their customers using their past successful track records.
Nowadays most of the business opportunities and orders are posted online. This means that business providers need to be well integrated with supplier systems through online facilities. The infrastructure of the business model needs to be updated. But this is not an easy task for small businesses. E-based procurement is possible only with a well-maintained network on the internet. This requires a lot of financial and technical necessities which could not be supported by small businesses. On the other hand, Big businesses are well equip...
8 Pages(2000 words)Assignment

Business Sustainability and Society: Coca-Cola Company

...Running Head: Business Sustainability & Society Business Sustainability & Society [Institute’s Business Sustainability & Society Introduction Since centuries, ethics has been a crucial and significant component of the human societies that contributed enormously in the creation of norms and values through religious influences, as well as through contribution of intellectuals and philosophers in the society. Unfortunately, nowadays, it is an observation that individuals, organizations, and even nations have commenced to overlook the phenomenon of ethics in their practices, specifically in the business sector that has become the major stakeholder confronting criticisms related to ethical practices. Critics (Crane, pp. 23-29, 2007) argue...
10 Pages(2500 words)Case Study

International Business: World Economic Forum and Davos 2010

...Introduction Globalization, one of the most hotly debated issues means global capitalism to some while others consider it to be the continuation of modernism with the forces of wealth, progress, democracy and happiness at play (Kellner, 2002). Globalization is considered to be beneficial which promotes economic prosperity, cultural diversity and technological advancement. According to the critical social theory, technology and capital work together to create a new globalized and interconnected world. While each force of globalization is important, technological revolution has impacted the business models, value creation and differentiation (Spelman, 2010). The cloud computing technologies that have made the popular social networking...
7 Pages(1750 words)Coursework
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