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Challenges Facing Eastern Foods - Research Paper Example

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The researcher of the following paper states that in the next few months Eastern Foods is expected to face a series of challenges in regard to different business areas, including HRM, Accounting, Marketing and Operations Management. These challenges would be analyzed as HRM…
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Challenges Facing Eastern Foods
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Download file to see previous pages Employees need to be ready to meet the challenges set by changes in the workplace so that their performance is kept at high levels. At this point, HR managers would have to face the following challenge: they should use effective criteria when allocating job positions, ensuring that each employee is assigned tasks to which he can respond. Additional or different duties could be assigned to employees gradually so that they have time to be adapted to the needs of other roles according to the organizational needs. In addition, equality and fairness in compensation would be of critical importance for securing high employee motivation; b) Accounting: the firm needs the support of an accounting consultant; emphasizing on accounting standards and principles will help the organization to control its costs and income more effectively so that its performance is kept high; c) Marketing: the firm has to employ a marketing plan that will be aligned with the local culture and market trends; traditional marketing techniques would be combined with advanced marketing strategies, such as the social media; d) Operations Management: the cooperation between various organizational departments should be carefully organized; daily operations should be set in hierarchical order ensuring that all business activities are monitored and checked as of their alignment with business standards and ethics. Particular emphasis should be given on innovation and creativity, as factors that could enhance the firm’s competitiveness in its industry. 2. HRM issues in Eastern Foods Business environment incorporates a high range of elements, including ‘economic, socio-cultural and administrative factors’ (Goyal and Goyal 2007, p.6). Organizing and distributing tasks are critical duties of managers in modern organizations so that conditions in the internal organizational environment, where the firm’s HR is incorporated, are effectively controlled. In fact, it has been proved that the ability of HR managers to assign tasks aligned with the skills/ background of employees can help to avoid conflicts across the organization and to keep employee performance high (Goyal and Goyal 2007). On the other hand, in the food industry competition is high. Customers’ expectations tend to be continuously increased a fact that creates pressures for changes in the firm’s practices (Simms 2005). Employees need to be willing to support organizational changes otherwise the relevant plans will fail. Employees have a key role in another factor affecting organizational performance: innovation. Promoting innovation is a necessary prerequisite for firms that aim to keep their performance at high levels (Limberg 2008). In the food industry also, a similar issue appears. However, innovation and creativity cannot be enhanced within a particular organization unless they are adequately supported by employees; reference is made not only to employees’ willingness to support innovation but also their ability to participate in schemes that promote innovation (Limberg 2008).
In any case, the HR strategy of each firm needs to support the achievement of organizational goals. This target can be achieved only if ‘HR strategy is aligned with corporate strategy’. ...Download file to see next pagesRead More
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