HRM Coursework Example | Topics and Well Written Essays - 500 words

HRM - Coursework Example As revenue for work force development is reduced, the organizations are faced with a dilemma. Reduce organization-learning programs to lower costs or come up with new approaches to create a competitive edge. â€Å"As an act of ritual during recessions, an extreme force comes from the top to reduce cost. This expected dominant logic exists in many organizations.† (Reyes 2011 pg56) During this time, organizations cycles in and out of recession, they opt to downsize as a way of saving the firm from making loses. This in turn interrupts organization-learning strategies inhibiting organization learning. In addition, this achieved through elimination of learning programs that do not have direct impact on the profits of the firm. Therefore during recession organization learning programs are the first to be eliminated. Organization learning is more than just developing the skills and perception of the staff about the firm for their own personal gain. It is about training the employees to do their best while on duty and provide result to a company. The inception of these ideas has lead to significant mastery of organizational operations by the staff members. â€Å"Organization learning is perceived as one of the most crucial sources of competitive advantage within the context of profit motivated management.† This implies that the firm needs to be in harmony with its external environment, which is characterized with emerging trends and unique developments, any organization therefore, through learning has to develop a connection between its workforce and external forces. As companies such as Golf Place (ST Andrews) Limited face un anticipated levels of changes. They are expected to grasp a deep understanding of both internal and external business space of the business that they are engaging in, to sharpen its competitive edge. It is also vital for the formulation

Primark Strategic Analyses Assignment Example | Topics and Well Written Essays - 2000 words

Primark Strategic Analyses - Assignment Example Primark was first established in 1969 in Ireland as Penneys, and is currently operating a total of 154 stores in the UK, Spain and Ireland. Primark has become a leading player in the UK fashion industry, showing huge growth while other players were finding it hard to maintain their income stream, with some even closing the doors of some unprofitable stores. The latest company results showed a increase of 30% in annual profits, with sales 17% up reaching the 1 billion. With great successes with some of its fashions such as its rage of military jackets, with more than 250 thousand sales up to date. With the UK fashion market becoming stagnant and consumers having less money to spend due to increasing interest rates, high house prizes and rising utility cost. Primark is offering high fashion and low prices to bargain hunting consumers. Yet Primark does not only provide consumers with low cost fashion, it has developed the ability to quickly turning out designs inspired by the catwalk and red carpet. Giving its consumers access to generic fashions developed from high label brands. This strategy seem This strategy seems to not only be paying of in the UK, but also in Spain and Ireland. Primark opened its second shop in Spain on the 20th of September, and planning to open an additional 15 stores by the March 2007, expanding its business internationally. Currently they are employing over 18,400 people, which will increase to over 24000 by end of 2007. Analyses and Evaluation In order to analyse and evaluate Primark's position within the fashion market, we need to look at internal and external factors influencing its operations. Maybe the most basic, but effective tool that can be used is the SWOT analyses. This will give us a very good indication of Primark's current success as a fashion retailer. The strength and weakness part of the model look at the internal factors of an organization, and the opportunities and threats analyse the external factors that effects the companies ability to function successfully within a market. Internal Factors Strengths From the Primark website it is possible to derive some of its strengths such as: Full range of high quality, low priced fashion merchandise Generic fashion products reflecting high fashion world trends Established customer base Localised recruiting practices within international organisation Computerised Custom Clearance System Dedicated warehouse and distribution service From the above derived from Primarks website it is possible to see why this organization have the ability to undercut its competitors in the UK fashion industry. By manufacturing their merchandise in countries such as China and India with low labour costs, and then importing the goods via a very effective custom clearance system, and distributing it via a very efficient distribution system, gives them the ability to price their competitors out of the market. With a six week period from design to shop, they have the ability