Development of A HRM Strategic Plan Assignment Example | Topics and Well Written Essays - 1500 words

Development of A HRM Strategic Plan - Assignment Example The basic functions of HRD are attracting best candidates, reducing employee turnover, and to enhance the productivity of the employees (Taylor, 2005, p.1). It is a critical factor that contributes highly towards gaining a competitive advantage in the marketplace. One of the most important aspects of an HRM strategy is to determine the type of candidate required in the organization carry out organizational tasks. Also organizations arrange various kinds of programs for the purpose of satisfying their employees, and the responsibility for arranging it also falls in the shoulders of the human resource department. HRM strategy also plays a crucial role in the overall organizational culture. Furthermore training and development is also one of the most important functions of the Human resource department. In the context of the project a property management company has been chosen where the new HR strategy will be developed. The HR strategy will focus on the different aspects of managing the human resource of the organization. It will also emphasize on the recruitment strategies of some other organizations in order to formulate a competitive strategy. In order formulate a sound HRM strategy of the organization and to add more value to it, the HRM strategy of 3 other companies have been analyzed. However the names of the companies have not been disclosed due to some privacy policies. In order to get insights about the strategies of the chosen companies an interview session was held. The sample questions that were asked to the HR managers of those companies are follows:- Regarding leave policy there are a small differences among the chosen companies. Company A allows 28 leaves in a calendar year, company B allows 25 leaves while Company C allows 30 leaves in a calendar year. Also these companies allow special leave on

The five marketing orientation Essay Example | Topics and Well Written Essays - 500 words

The five marketing orientation - Essay Example The five marketing orientation The production concept is one of the oldest system in the world which in the United States began to proliferate itself after the industrial revolution. The typical production company is dedicated to some form of manufacturing activity. Based on the production concept customer react based on the law of supply and demand in which price is a determining factor of the desire of a customer to acquire an item (Varian, 2003). As lower prices the demand of a product increases, thus the production of the company increases in accordance. The management teams in company following the production concept emphasis on improving the operating efficiency of the firm to lower costs and streamline the operation in all aspects of its supply chain. The supply chain of a company is the network of distributors, transporters, storage facilities, and suppliers that participate in the sale, delivery, and production of a product. The production concept can be applied to service companies. A second strategic marketing orientation is the product concept. The product concept stipulates that consumers will favor those products that offer the most quality, performance, or innovative features (Kotler, 2002). A company adds value to its business by make improvement and enhancements to its featured products. An example of this application be can be seen in the company Sony. One of the most popular products of the company is its portable playstation system (PSP).