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- Analysis of the external environment and issues that will impact on HRM - Essay Example

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Analysis of the External Environment and Issues that will Impact on HRM Table of Contents Introduction 3 Brief Overview of the Company 4 Analysis of the External Environmental Elements for Foster’s in Australia 4 PESTLE Analysis Model 5 Critical Evaluation of the Environmental Impacts on HRM Practices 9 Conclusion 11 References 12 Introduction The present business environment of the global organizations is often observed to be influenced by various factors…
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Essay - Analysis of the external environment and issues that will impact on HRM
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Download file to see previous pages In relation to the impact of external factor on management, the functions of Human Resource Management (HRM) frequently involve different challenges in order to maintain an effective balance amid the organizational workers with the employers. The functions involving HRM within the organizations are often impacted by the governmental regulations and obligations, economic condition, union activities and requirements along with the labor force of the particular community (Ivancevich 2007). The external influencing factors can be recognized as political, economic, social, technological, environmental and legal. The primary purpose of this report is to demonstrate the influence and impact of external factor on the HRM of Foster’s Group while performing its business operations in Australia. The main discussion of this report would be focused on describing PESTLE framework in order to analyze the external environment of Australia. Brief Overview of the Company Foster’s Group Ltd. (Foster’s) is regarded as one of the largest brewing subsidiaries of SABMiller, a British organization, which is well-known as a leading brewing company across the world. Foster’s is famous for its stranglehold on providing various alcoholic and non-alcoholic beverages along with facilitating its large expansion across the globe. Currently, Foster’s has been playing the role of a strong brand in the global brewing industry which is located in over 45 countries across the world. The company mainly focuses on brewing related practices which facilitate it to generate large sales revenue, mainly obtained by Carlton United Brewers (CUB), its Pacific and Australian beer related business segment (Foster’s Group Ltd. 2013). Analysis of the External Environmental Elements for Foster’s in Australia In relation to the present business environment in Australia, it is observed that the nation often been regarded as one the favorable business locations for the global marketers. The political suitability, continuous economic development along with convenient availability of abundant resources and capabilities are the fundamental factors which are able to draw the attention of the multinationals. However, in various cases, the global companies tend to face different issues in order to independently perform their business operations especially while performing HRM activities. With regard to the major issues in terms of practicing HRM in Australia, the major external environmental elements have been portrayed through analyzing PESTLE model as follows: PESTLE Analysis Model Political Factors Political factors can have a major bearing upon a business organization to efficiently coordinate its number of vital operations. Political disturbances and imbalances, along with strict governmental regulations can also impact the HRM functions of Foster’s by a considerable extent to efficiently manage its business operations in Australia (Oxford University Press 2007). In relation to identifying the major issue within the dimension of the political factor that can impact the HRM performances, it is apparent that Foster’s can face challenges concerning the country’s human resource policies relating to wage structure, compensation policies and working hours among others. Moreover, the changing ...Download file to see next pagesRead More
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