country
$20 Bonus + 25% OFF
Securing Higher Grades Costing Your Pocket? Book Your Assignment at The Lowest Price Now!

Implications Strategic Resource Management

tag 0 Download4 Pages / 986 Words tag Add in library Click this icon and make it bookmark in your library to refer it later. GOT IT

Question:

Discuss About The Implications Strategic Resource Management.

 

Answer:

Introduction

This report focusses on strategic human resource management of Armani.  This company wants to expand its business in fashion market of Turkey. This study focusses on the macro-environmental factors which influences the business environment of Armani are briefly discussed in this particular study. The critical HR factors are discussed in this particular study. Apart from this, a strategic human resource management plan on Armani has been developed in this specific study.

Background of the company

Armani is one of the leading fashion house of Italy. It designs, produces, distributes as well as retails diverse range of goods like ready-to-wear, leather goods, watches, shoes, jewelry, accessories, cosmetics as well as accessories. This company was founded in 1975. It is a private company. The headquarter of this fashion house is located at Milan, Italy. According to 2016 statistics, approximately $2.65 billion sales was done by this company. This company works in partnership with Emaar Properties and it conducts its business in many big cities like Milan, Paris, London, Los Angeles, Hong Kong, Shanghai, Seoul, Tokyo and Dubai (Armani.com, 2018).

PEST analysis of Turkey

In order to conduct business in Turkey, it is required for the management of Armani brand to understand the political factors social factors, economic factors and technological factors.

Political factors:

This nation is a promoter of liberalization. It is seen that open trade is allowed among various member nations of European Union (EU). It should be noted that several terrorist attacks had occurred in this country because of Islamic extremist, Turkish millitants, which are well-connected with Al-Qaeda. This might discourage the investors of Armani to initiate its business activities at Turkey. It has been noticed that export is increasing at the rate of 10% per year thereby creating a scope for Armani to enter Turkey for continuing its business operations (Brewster, 2017). As per the regulations of OHS, it is the responsibility of Armani’s owners to check the workstations; they are bound to evaluate the risks as well as plan prevention measures that are applied in the working environment for improving the working conditions of the respective organisations. As per the labor law of Italy, about 95% labors are covered by the collective agreement.

Economic factors:

Fiscal as well as monetory policies facilitate financial stability in Turkey. High inflow of the foreign investment and free trade agreement are the key factors that allows the company to finalize their decision of investing capital in Turkey’s fashion market. Moreover, it has been observed that labor market of Turkey is quite rigid in comparison with global standards. Current account deficit has made this nation more vulnerable during global financial crisis. These factors should be considered by Armani’s managers (Hollenbeck and Jamieson, 2015).

Social factors:

Unemployment rate is quite high in Turkey. It has been noticed that majority of the population is aged under 30 years. There is a scope for Turkey to reduce the high unemployment rate by employing young people aged under 30 years. In order to expand its business, the management of the respective company needs to consider these social factors. It has been noticed that Turkish women prefers to follow tesettür style at public places. It is seen that some women wear headscarf as well as long and light overcoat which covers the arms as well as legs of women. It is seen that women also wear burkha. It has been observed that some women follow European-style secular garments. They wear casual garments and sleeved summer clothes. Turkish men prefers to dress conservatively. In order to enter into the market of Turkey, the managers need to follow European-secular style and tesettür style for men and women. They need to manufacture totally covered garments for men.

 

Technological factors:

It has been observed that rapid expansion of ICT market has taken place in Turkey. It has been noticed that telecommunication industry is growing because of liberalisation of the existing market. Therefore, the managers of Armani should consider these factors.

Critical HR Factors

It is required for the managers of Armani to possess in-depth fashion industry-related knowledge in order to capture a larger market share in Turkey. Armstrong and Taylor (2014) commented that it is very important for the HR managers of Armani to undertake important business decisions without any hesitation.

Strategic Human Resource Management Plan

Evaluating the present HR capacity:

It is seen that current capacity is about 15 staffs. Good communication skills are required for these staff members. Skill catalogs need to be prepared for this staffs.

Predicting HR requirements:

There is a requirement of 6 staffs with a background of MBA in Executive HR.  These people should have at least 2 years work experience in this field. These staffs should be capable enough to increase the workflow of the respective company.

Gap analysis:

Presently, the organization is running short of sales managers. At least 4 sales managers are required for meeting the sales target of US$2 million within1 year.

Formulating HR strategies:

Training and development strategies:

On-job training will be provided to every employees of the respective company.

Recruitment strategies:

At least 10 sales personnel, 3 marketing managers will be hired for meeting company’s target of increasing 10% profitability within 6 months.

Conclusion

Therefore, it can be concluded that strategic human resource management aids the company to gain competitive advantage in the existing market.

 

References

Armani | Official Online Store. (2018). Armani | Official Online Store. [online] Available at: https://www.armani.com/in/armanicom [Accessed 6 May 2018].

Armstrong, M. and Taylor, S., 2014. Armstrong's handbook of human resource management practice. Kogan Page Publishers.

Brewster, C., 2017. The integration of human resource management and corporate strategy. In Policy and practice in European human resource management (pp. 22-35). Routledge.

Hollenbeck, J.R. and Jamieson, B.B., 2015. Human capital, social capital, and social network analysis: Implications for strategic human resource management. The Academy of Management Perspectives, 29(3), pp.370-385

Download Sample

Get 100% money back after download, simply upload your unique content* of similar no. of pages or more. We verify your content and once successfully verified 100% value credited to your wallet within 7 days.

Upload Unique Document

Document Under Evaluation

Get Credits into Your Wallet

*The content must not be available online or in our existing Database to qualify as unique.

Cite This Work

To export a reference to this article please select a referencing stye below:

My Assignment Help. (2019). Implications Strategic Resource Management. Retrieved from https://myassignmenthelp.com/free-samples/implications-strategic-resource-management.

"Implications Strategic Resource Management." My Assignment Help, 2019, https://myassignmenthelp.com/free-samples/implications-strategic-resource-management.

My Assignment Help (2019) Implications Strategic Resource Management [Online]. Available from: https://myassignmenthelp.com/free-samples/implications-strategic-resource-management
[Accessed 07 August 2020].

My Assignment Help. 'Implications Strategic Resource Management' (My Assignment Help, 2019) <https://myassignmenthelp.com/free-samples/implications-strategic-resource-management> accessed 07 August 2020.

My Assignment Help. Implications Strategic Resource Management [Internet]. My Assignment Help. 2019 [cited 07 August 2020]. Available from: https://myassignmenthelp.com/free-samples/implications-strategic-resource-management.


MyAssignmenthelp.com is a leading name in providing PhD dissertation writing help in Australia. Our services cover a wide range of subjects including economics and marketing dissertation help. Students can easily avail our services since we provide cheap dissertation writing services. But we never compromise with the quality while providing dissertation help services . Moreover, students are also allowed to get free access to dissertation samples and use them as a future reference.

Latest HRM Samples

INT103 Human Development Across The Lifespan

Download : 0 | Pages : 6

Answer: Life event In my life, there have been a lot of experiences which have helped me in the development of my character. One such event was that I was extremely attached to my mother ,like most of the other children. However, this attachment that I felt for my mother was something that was not normal. Distancing from her had been extremely intolerable for me in my childhood and I could not bear her staying far from me even for few minutes...

Read More arrow Tags: Australia Perth Human development across the lifespan Other 

MGT10002 Critical Thinking In Management

Download : 0 | Pages : 8

Answer: Introduction  In the current business scenario, contributing factors in the emergence of ethical issues are more. This is due to the reason that in the current business state of affairs, there are diverse sets of factors to be considered by the contemporary business entities. However, it is also noted that dilemma is majorly being faced by the managers in mitigating the ethical issues because there are no specific solutions are a...

Read More arrow Tags: Australia Melbourne 28 Critical Thinking in Management Other 

HRM304 Negotiation Bargaining And Advocacy

Download : 0 | Pages : 17
  • Course Code: HRM304
  • University: Charles Darwin University
  • Country: Australia

Answer: Introduction This paper analyzes various case studies on about human resource management. The first section of the paper discusses moral development. The Kohlberg theory of moral development explains the stages of moral development that a person undergoes beginning from childhood to adulthood.  The stages of moral development include pre-conventional, conventional, and post conventional stage. The study discusses how the case study...

Read More arrow Tags: Australia 28 Negotiation  Bargaining And Advocacy Charles Darwin University 

200740 Human Resource And Industrial Relations Strategy

Download : 0 | Pages : 3
  • Course Code: 200740
  • University: Western Sydney University
  • Country: Australia

Answer: To: The CEO (ABC Old Age Care) CC: HR Manager, Operations Manager                              Subject: (Regarding calling an urgent meeting to address the business issues) Respected Sir;                 ...

Read More arrow Tags: Australia 28 Human Resource and Industrial Relations Strategy Other 

INFM615 Healthcare Data Management

Download : 0 | Pages : 3
  • Course Code: INFM615
  • University: Mercer University
  • Country: United States

Answer: Introduction Now-a-days the physician burnout is a very big problem in the healthcare system which is mostly observed in healthcare experts, especially general physicians. They usually show signs of tiredness, depression, and low self-esteem. The following case-study discusses how the doctors experience daily problems especially frustration when managing electronic health records (EHRs). The report also discussed that those individual...

Read More arrow Tags: United States 42 Health Data Management Section Mercer University 
Next
watch

Save Time & improve Grade

Just share Requriment and get customize Solution.

question
We will use e-mail only for:

arrow Communication regarding your orders

arrow To send you invoices, and other billing info

arrow To provide you with information of offers and other benefits

1,379,740

Orders

4.9/5

Overall Rating

5,085

Experts

Our Amazing Features

delivery

On Time Delivery

Our writers make sure that all orders are submitted, prior to the deadline.

work

Plagiarism Free Work

Using reliable plagiarism detection software, Turnitin.com.We only provide customized 100 percent original papers.

time

24 X 7 Live Help

Feel free to contact our assignment writing services any time via phone, email or live chat.

subject

Services For All Subjects

Our writers can provide you professional writing assistance on any subject at any level.

price

Best Price Guarantee

Our best price guarantee ensures that the features we offer cannot be matched by any of the competitors.

Our Experts

Assignment writing guide
student rating student rating student rating student rating student rating 4/5

2594 Order Completed

95% Response Time

Michael Johnson

Masters of MSc in Economics

Washington, United States

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

798 Order Completed

97% Response Time

Benjamin Blakeman

MSc in Medical Technology

London, United Kingdom

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

1758 Order Completed

99% Response Time

William Martinez

MS in Biology

Washington, United States

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

453 Order Completed

98% Response Time

Howard Asuncion

LLM in Criminal Law

London, United Kingdom

Hire Me

FREE Tools

plagiarism

Plagiarism Checker

Get all your documents checked for plagiarism or duplicacy with us.

essay

Essay Typer

Get different kinds of essays typed in minutes with clicks.

edit

GPA Calculator

Calculate your semester grades and cumulative GPa with our GPA Calculator.

referencing

Chemical Equation Balancer

Balance any chemical equation in minutes just by entering the formula.

calculator

Word Counter & Page Calculator

Calculate the number of words and number of pages of all your academic documents.

Refer Just 5 Friends to Earn More than $2000

Check your estimated earning as per your ability

1

1

1

Your Approx Earning

Live Review

Our Mission Client Satisfaction

Awesome work. Awesome response time. Very thorough & clear. Love the results I get with MAH!

flag

User Id: 383727 - 31 Jul 2020

Australia

student rating student rating student rating student rating student rating

Work was done in a timely manner took it through grammarly checked for plagiarism very well satisfied

flag

User Id: 463334 - 31 Jul 2020

Australia

student rating student rating student rating student rating student rating

Great work for the short notice given. Thank you for never disappointing and helping out.

flag

User Id: 194216 - 31 Jul 2020

Australia

student rating student rating student rating student rating student rating

I received a full point on the assignment. Thank you for all the help with the assignment.

flag

User Id: 411395 - 31 Jul 2020

Australia

student rating student rating student rating student rating student rating
callback request mobile
Have any Query?