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Recently UK government tried to privatise the royal mail partially. According to Lord Peter Mandelson, the business secretary of the country, it is required to have a strategic partner for bringing a gale-force fresh air in the culture and management of the organisation (Tyler, February 3 2009). The main objective of privatising the organisation is to modernise it and improve its financial condition. UK government found that there is significant declination in royal mail’s popularity and demand as there is other advanced mode of communication like email has emerged. According to some analysts there is almost 7 billion euro pension deficit in Royal mail. UK government provide various attractive benefits to royal mail so it stays ahead in the competition. But according to experts the decision of making it modernise and atomise it by bringing a private sector company as the strategic partner might result to 40,000 to 50,000 job cut. As a consequence Communication Workers Union (CWU) asked the workers to go for a strike till the decision is reconsidered. The union claimed that over 12,000 postal employees would go for strike in different cities like London, Edinburgh, Plymouth and Bristol (Hope, July 15 2009). In UK postal industry this is worker’s strike is a historical problem which is actually badly affecting the future of UK postal industry. Proper understanding and implementation of strategic human resource management would be the ultimate solution for this type of situation.
Strategic human resource management is such a complex process that is continuously evolving and being discussed and studied by academic experts. There is no proper definition of Strategic human resource management as different people have different opinion regarding the topic. According to Wright and McMahan SHRM is “The pattern of planned human resource deployments and activities intended to enable the forms
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(Business and Management Essay Example | Topics and Well Written Essays - 1500 Words - 1)
“Business and Management Essay Example | Topics and Well Written Essays - 1500 Words - 1”, n.d. https://studentshare.org/miscellaneous/1560888-business-and-management.
The owners of factors of production get wages, interests, rents and profit. The role of the government in the system is to ensure the welfare of the society is not compromised. The free market is characterized by competition by various players’ hence free allocation of resources.
The price acts as a signal to buyers and producers and acts as an incentive to buy or sell. For example, in fig. 1, when the price is high (P1) sellers get more profit hence increase supply but buyers opt not to buy as they don’t get value for money. There is thus surplus in the market which forces sellers to accept lower prices until equilibrium is reached at P.
(Investopedia, 2011). It is a natural force that comes into effect in free market through improving efficiency. Resource allocation refers to the process of distributing resources in an economy. There are a number of ways in which an economy can allocate resources amongst itself.
Figure 3.4 reflects on a change of price leads to a change of the demand of quantity of the product. In demand curve, every point specifies the consumer benefit with each unit of additional good being consumed and by adding all the good consumed total benefit can be attained (GILLESPIE, 2011).
Besides, the economic hardships that occurred in the world during the years 2009 and 2012 are leading factors that have contributed to the tin’s price volatility. These hardships prompted poor business performance as well as low household confidence; hence damage reducing the demand for products that are made from tin, such as solder and electrical items.
This has seen it open more retail outlet shops in England which has helped it to become the second biggest fashion shop in the United Kingdom.
But along the way, the company remained static in a dynamic fashion industry which shows it start to lose its market share from the initial 30% to 19% to foreign companies which started knocking the door in the UK market.
undertaking information searches in an academic context, using academic libraries, online resources, or archives; iii recognition of the appropriate boundaries of the literature in a selected field and make judgments about what should be excluded, to produce a critical analysis of relevant literature; iv showing an awareness of the different methodological and theoretical frameworks that can be adopted in the analysis; v collection and analysis of data using the chosen method, and a discussion of the process and the ethical issues involved; vi.
TE Limited, the analysis of strengths and weaknesses can be conducted and on the basis of that analysis, financial health of organization in the year of 2009 can be demonstrated.
Growth in Profit Margins: The financial statements and the comparative studies based on ratio
ined as a business corporation where one or more members of a single family have a notable ownership interest in the business and have some level of control over strategic decisions. In a family business, usually one of the family members may be the controlling shareholder, that
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