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Essay example - HRM Portfolio: Case Study Review Questions
Pages 6 (1506 words)
HRM Case Study Review Questions BY YOU YOUR SCHOOL INFO HERE DATE HERE HRM Case Study Review Questions Question 1 The orientation program at the business is designed to create cross-functional knowledge for those attending the program to diversify their skill-sets and competencies in multiple areas of business…
Extract of sample
Because many of the changes to meet new market demand required new software and operational equipment, it makes sense for the business to try to create well-skilled workers with a secondary emphasis on the softer approach to HRM to ensure profit and investment goals are maximized. Dooley (2005) offers that when products reach their decline stage along the product life cycle model, cash management and inventory controls become burdensome and difficult to forecast when demand is reduced. This business wants to expand its brand presence to include new markets in which there is assumed risk as a new business concept. By creating cross-functional employees in the method described in the case study orientation program, it can ensure that well-qualified employees are able to provide quality solutions on expanding the growth stage of the new products. Since marketing, operations, finance and even procurement are inter-dependent, the current orientation program will improve knowledge exchange on how to refresh the product in many different business divisions. The hard HRM approach is a quality solution as, in this case, the business is concerned about ensuring new profit opportunities and therefore the return on investment in multiple business areas is vital to growth and sustainability for the new business. ...
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