Reference no: EM131177221
Organization SWOT Analysis
Scholars of strategic HRM generally agree that organizations capable of achieving long-term goals do so because their organization has a plan, vision, or strategy. On a very basic level, the concept of strategy is a vision of what the organization wants to achieve and a statement of how it intends to get there. Successful organizations journey toward their strategy through the effective use and deployment of organizational resources, including HR.
The formulation of an organizational strategy is a process that involves defining objectives and conducting a detailed analysis of the external and internal environments and that considers strengths, weaknesses, external opportunities, and threats (SWOT). Part of this process undoubtedly is self discovery, and it will become clear what distinctive capabilities exist. In addition, the analysis will determine whether there are sufficient and adequate human resources available to reach the organizational objectives. The reality of strategic HRM is that, due to uncertain organizational environments, strategies need to be flexible. If HR professionals accept the notion that the organization gains a competitive advantage by managing resources that are valuable, rare, and costly to imitate, then the practice of HRM is, in fact, one of the organization's many strategic tools.
In this Assignment, you consider the strategy for the organization you selected in the Week 1 Assignment and focus on the HR implications. As you review your Learning Resources, think about important connections between the concept of strategic HRM and how you as an HR professional contribute to the process of strategy formulation.
4-page paper:
· Describe what business(es) the organization is currently in, laying a foundation for the paper.
· What are the organization's main strengths, weaknesses, opportunities, and threats (SWOT), based on its current status?
· In what business(es) do you anticipate the organization might collaborate with in the future if it were to expand, globalize, or enter another market?
· What recommendations would you offer for the organization as a result of your SWOT analysis for utilizing HR to align its practices with the organizational strategy?
|
How does using a framework enable an organization
: How does using a framework such as resource-based view (RBV) or Porter's Five Forces enable an organization to achieve a competitive advantage, by implementing strategic HRM practices throughout the organization?
|
|
How many comparisons are needed to locate words
: How many comparisons are needed to locate or to add each of the words in the search tree for Exercise 2, starting fresh each time?
|
|
Neo-mercantilist approach to trade
: Would China be considered as pursuing economic policies that resemble a Neo-mercantilist approach to trade? Explain the theoretical and practical relevance of the question within context of the trade theories
|
|
Discuss the basic models of the firm
: Discuss the basic models of the firm and for each model, clearly highlight its assumptions and limitations.
|
|
Describe what business the organization is currently in
: Describe what business(es) the organization is currently in, laying a foundation for the paper. What are the organization's main strengths, weaknesses, opportunities, and threats (SWOT), based on its current status?
|
|
Explain the social cost of monopoly power
: The CEO of the company claims that because all of the profits will be given back to the citizens, it makes economic sense to charge a monopoly price for electricity. Explain the social cost of monopoly power.
|
|
How many weighings of a balance scale
: How many weighings of a balance scale are needed to find a counterfeit coin among eight coins if the counterfeit coin is either heavier or lighter than the others? Describe an algorithm to find the counterfeit coin using this number of weighings.
|
|
Solved in complex number form
: Analyze the following three circuits and solved in complex number form, with work shown to help me understand what is going on.
|
|
Discuss how hr strategies in general can act as drivers
: Based on the theories, frameworks, and/or best practices of strategic HRM. Discuss how HR strategies in general can act as drivers for organizational strategies, rather than the opposite.
|