HRM Strategies

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HRM Strategies

Word Count: 2000 words

Style: APA

No of References: 10-15

Select two large competing multinational organisations and gather evidence on the people management

philosophies and strategies of each to enable you to assess and compare the overall contribution of the

‘people resource’ in each to the organisation’s performance and success. It is suggested that, in selecting the competing organisations, you access the Fortune’s Most Admired Companies Listing in Google, The Data Monitor Report in the Business Source Complete and the Yahoo Finance or CNBC websites. Information on the selected companies may be obtained from the organisations’ websites, from case studies or by searching for articles on the organisations in texts and websites such as Glassdoor or Indeed.

In comparing the organisations’ performance, metrics such as their respective P:E ratios, their Revenue

per Employee and their Profit per Employee should be calculated and commented upon. All sources used must be fully referenced and a copy of the final report must be submitted via Turnitin.

The report grade is based on three components: (33%) breadth and depth of research; (33%) quality of

analysis; (33%) quality of presentation. The first component reflects the quantity and quality of material you find on the organization selected. Use as many sources as possible: newspapers, journal articles,

the websites etc. The second component reflects the coherence of your arguments and the

insightfulness of your analysis. The third component reflects the quality of your writing. For example, are thoughts well developed and presented in a logical order? Are spelling and grammar errors avoided? Are figures and tables clear?

 
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Assignment 1: Budget Planning And Control

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Before approaching this assignment, be sure that you have watched the following video:  •Wiley (2011, September 28). Budgetary planning featuring Babycakes *full video* [Video file]. Retrieved from https://www.youtube.com/watch?v=frh3I2rVDzs  Babycakes, a specialty bakery, is the company that will be considered for all parts of your budget planning and control report. For this assignment, you will develop a 3–4-page paper in which you address the following.  1.Briefly discuss the ways a realistic budget will benefit the owner of Babycakes versus no budget at all. Be sure to use Babycakes as the company and any specific product details in your explanation. 2.Prepare a sales budget for the LA Babycakes store for the fourth quarter of 2016. Present the number of units, sales price, and total sales for each month; include October, November, and December, and the total for the quarter. Use one half of the Valentine’s Day sales as the basis for a usual day in the new quarter. Use 30 days for each month. Calculate the total sales for each month for October, November, and December. 3.Create three new products, one for each of the three holiday seasons in the fourth quarter. Estimate the sales units, sales price, and total sales for each month. Describe the assumptions used to make these estimates. Include an overview of the budget in the report, presenting the actual budget as an appendix with all the data and calculations. Add these amounts to your sales budget. 4.The owner of Babycakes is interested in preparing a flexible budget rather than the static budget she currently uses. She does not understand why, when sales increase, her static budget often shows an unfavorable variance. Explain how a flexible budget will overcome this problem. Use the details of your newly prepared budget for the fourth quarter of 2016 to address her concern. 5.Imagine that Babycakes is facing a financial challenge that is causing the actual amount of money that it spends to become significantly more than its budgeted amount. Include a discussion of your own unique cause of the overspending. Explain the corrective actions needed to address these challenges. 6.Integrate relevant information from at least three quality academic resources in this assignment. Note: Please do not use your textbook as an academic resource. Also, Wikipedia and other similar websites do not qualify as quality academic resources. You have access to Strayer University’s Online Library at https://research.strayer.edu and the iCampus University Library Research page at https://icampus.strayer.edu/library/research.   Your assignment must follow these formatting requirements: 

•Be typed, double-spaced, using Times New Roman font (size 12), with 1-inch margins on all sides; references must follow APA or school-specific format. Check with your professor for any additional instructions. 

•Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required page length.

 •An abstract is not required.   The specific course learning outcomes associated with this assignment are as follows: •Assess how accounting tools and techniques influence business planning, decision-making, and control. •Evaluate financial accounting tools and techniques that convert financial accounting data into information for decision-making.

 
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Business Ethics

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Why does Milton Friedman believe that the only “social responsibility” businesses have is to increase their profits?  What exactly is his reasoning here?  Do you agree?  Explain.

2.  In his essay, R. Edward Freeman defends a “stakeholder” view of corporate responsibility.  He defends this view with respect to a few different kinds of stakeholder.  First, briefly describe what a “stakeholder” is.  Then, consider just one of the specific arguments Freeman makes about different groups of stakeholders.  Do you agree with him that businesses have responsibilities towards these stakeholders?  Briefly explain.

3.  Summarize Bakan’s argument in Chapter 2 of The Corporation.  Do you agree with him?  Further, consider the example of “Mark Barry” discussed towards the end of the chapter.  Do you think that he is *just* as responsible for the things he does on the job as he would be if he did these things on his own time?  Does the company he works for bear any responsibility, as you see it, for the ethically questionable things he does on a regular basis?  Briefly explain.

-RRP4:

1.  What exactly does “estranged labor” mean, for Marx?  The concept of “estranged labor” is more often translated as “alienated labor.”  What is one important way in which modern industrial work “alienates” workers – and what does it alienate them *from*?  Briefly explain, using at least one citation from the Marx reading.

2.  Dan Swain, in the midst of explaining Marx’s idea of estranged (or “alienated”) labor, spends a brief chapter expounding the Marxist idea of “commodity fetishism.”  Briefly explain what this concept is supposed to mean, and provide an example of your own.  What, if anything, is the connection between alienated labor and commodity fetishism?

3.  In the chapter “Work, Leisure, and Full Engagement” Matthew Crawford criticizes Marx’s conception of alienated labor.  What specifically is his point of disagreement with Marx?  With whom do you agree more on this point, and why?

 
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Discussion

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Question One

·        After watching the pricing video, refer back to the Are You Sitting on a Million Dollar Idea? video from Week 6. Choose the most beneficial pricing strategies and suggest two ways in which this selection could potentially affect consumer adoption of the new product.

Question Two

·        Provide a rationale for your response.

Question Three

·        Imagine that you are a manager at a brick-and-mortar store that has an online storefront as an additional source of revenue. The company has tasked you with creating ideas to improve logistics in order to increase profitability. Discuss at least two ideas and how these will increase profitability.

Respond to Peer(s)

 
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LM008

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See attachment for SolarComm Communication and Collaboration Team Biographies.

1. Using the information provided in the SolarComm Communication and Collaboration Team Biographies case study, identify two or more employees on the team who may not get along, and explain why. (1–2 paragraphs)

2. Describe twostrategies to ensure the team members identified in prompt #1 work effectively together.

3.  Describethreeconflicts that may arise between employees of SolarComm Communication. Explain why each conflict may arise given the employee characteristics and other contextual factors. (3–4 paragraphs)

4.  For each conflict identified in prompt #3, plan an intervention to help the team constructively engage in, and benefit from, conflict. (3–4 paragraphs) *Supported by cited sources*

5.  Describetwoorganizational attributes that may foster collaboration and high performance. (1–2 paragraphs) *Supported by cited sources*

6.  Describetwoorganizational attributes that may hinder collaboration and high performance. (1–2 paragraphs) *Supported by cited sources*

7.  For each organizational attribute, described in #5 and #6, describe oneaction you will take to promote collaboration and high performance within SolarComm Communication.  *Supported by cited sources*

8.  Describetwoteam-leadership strategies to promote effective collaboration and teamwork. (1–2 paragraphs) *Supported by cited sources*

9.  Identifytwostrategies that would ensure effective communication within the SolarComm team. (1–2 paragraphs) *Supported by cited sources*

10.  For each strategy, you identified in prompt 9, describe twoways you will apply them effectively to the team. (2–3 paragraphs). 

 
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IEE Paper

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Based on your own interest, choose a contemporary management issue. Locate four related peer-reviewed articles. Prepare a summary of your readings and IEE statements that tie your readings together as follows:

1. A summary of important ideas, theories, methods, results, and conclusions for each reading. No more than one page per reading (not submitted…for your own reference), using the template provided.

2. An integrative statement of the major themes, similarities, and differences that run though the articles you found for each module. This should synthesize, and not just summarize the summaries. No more than one page per set of readings.

3. An evaluative statement of your perception of the state of the literature on the topic. A critical evaluation, not just a summary of the summaries. No more than one page per set of readings.

4. An extension statement, outlining future research directions (including theoretical directions) for each module. This should be creative and flow from your extension statement. No more than one page per set of readings. Questions it should address could include:

  • Where does the research need to go?
  • What are unanswered questions that should be addressed?
  • What are the implications for the field?
 
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Contemporary Organization Evaluation

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In today’s fast-paced and global community, most organizations are faced with constant change. Research contemporary organizations that are currently responding to a significant change within the industry, such as disruptive technology; state, government, or industry regulations; environmental constraints; judicial or legislative rulings; etc.

Choose one organization from your research that has recently responded to major change or is currently responding to change. Write a paper (1,250-1,500 words) discussing how well the organization is responding to the change dynamics. Include the following:

  1. Describe the organization and the change to which it is responding.
  2. Discuss the degree to which the change has been disruptive and how the organization has responded to the dynamics created by this change.
  3. Evaluate the strategies the organization used in its change plan and determine the level of success the organization experienced with the strategies.
  4. Determine the effect the change had on stakeholders, and to what degree stakeholders have resisted. Assess how well stakeholder resistance was addressed.
  5. Evaluate the overall implications the change had on interdepartmental collaboration.
  6. In your opinion, how well did the leaders of the organization respond and prepare for the change? What worked and what did not work with the strategies they implemented?
  7. What modifications would you suggest the leaders of the organization make in order to better address the change dynamics? What additional strategies would you recommend to assist the organization through this change?

Prepare this assignment according to the guidelines found in the APA Style Guide. An abstract is not required.

This assignment uses a rubric (SEE ATTACHED). Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.

 
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Sales Management

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CHAPTER 1

1. Why do companies spend money on personal selling when there are so many less expensive alternatives? 

  • Benjamin Chapman worked his way through college by working as a sales representative for Best Buy. He has done well on the job and is one of the top salespeople in his department. Last week Pfizer, the pharmaceutical drug manufacturer, offered him a job selling to Doctor’s offices. Explain the differences between selling in a consumer electronics store and the pharmaceutical sales job.

CHAPTER 2

  1. For centuries the guideline for business transactions was the Latin term “caveat emptor” (let the buyer beware). This principle suggests that the seller is not responsible for the buyer’s welfare. Is this principle still appropriate in modern business transactions? Why or why not?
  2. Read the following situations and answer the questions that follow.

SITUATION 1

You own a cement company, and deal with most the local contractors for cement, sand, etc. You have a reputation of high quality products, and for good customer service with your customers. Your foreman has just run the standard quality control tests you have performed regularly on your products.

When the test results are ready, you discover that the new batch of product is 9% less durable than your usual material. It is still well above all industry standards and meets all building codes and requirements for the purposes for which it is intended, but it is, nevertheless, not up to your usual standards. Throwing it away would cost your company many thousands of dollars.

You decide to sell the cement anyway.

Questions:

  1. Should you tell your customers?
  2. Should you discount the price?
  3. Should you tell your employees, so they will be knowledgeable with the customers?
  4. Would you use this cement on foundation for your own house?

SITUATION 2

Joe Raymond’s position as sales manager for Granite Rock and Sand was in jeopardy. His unit had been low performer in terms of sales for the last seven quarters. Joe’s supervisor, VP Tom Haws, told Joe that he had through the next quarter to pull his unit out of last place. Haws also told Joe that Joe would have to be replaced if the improvement did not occur.

Joe and his wife had just purchased their first home. With their mortgage payments totaling $1,200 per month, the loss of Joe’s salary would mean the loss of their home.

Following Tom’s warning, Joe began interviewing candidates for a vacant sales position in his unit. Joe had conducted three interviews when the final candidate, Jessica Morris, arrived. During the interview with Morris, Joe learned that she was the victim of a layoff by a competitor, Silt, Sand and Such. Joe was not terribly impressed with Morris, but just before she left, she opened her briefcase and offered Joe a sheet of paper bearing the name of an official in the Saudi Arabian government. Morris explained:

“When I was with Silt, Sand and Such, we started a program for finding innovative markets for our products. You know, we wanted to tap markets no one had ever thought of. After a lot of research, we discovered that Saudi desalinization plants need a particular type of sand they don’t have over there, but we have here. We’re the only firm that knows about this. If you hire me, I can see the sale through for Granite”.

Morris added: “Look, I need this job. You need your sales up. Think about it and call me.”

After Morris left, Joe sat in his office and felt his problems were solved. Or were they?

Questions

  1. What are the pros and cons of hiring Jessica?
  2. What should Joe do?

CHAPTER 3

  1. What is supply chain management and what is a salesperson’s role in supply chain management? 
 
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Internet-Based Contracting Issues

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Great Buys is an internet-based company headquartered in New York that sells household electronics to consumers in the United States. The management team at Great Buys has some concerns about its online contracting process. The management team asks you, the company’s contract manager, to work with your team and address their concerns that include the following:

  • Consumers have argued they are not bound to the online contract because there’s no handwritten “pen and ink” signature.

Create  1-slide Microsoft® PowerPoint® presentation with visuals and very detailed speaker notes that provides answers to Great Buys’ concerns, as well as recommendations for specific contract clauses or language. You can incorporate graphics or animation.

Again only 1 slide, Consumers have argued they are not bound to the online contract because there’s no handwritten “pen and ink” signature, should be the title of the slide and then you will need to explain this.  Detailed speaker notes please and reference or references

Format according to APA citation guidelines.

 
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Financial Analysis Application

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Carnivorous Funds Mini-case

Carnivorous Funds (CF) is a mutual fund company located in Charlotte, NC.  They have contracted with TF Inc. an investment advisory firm to consider investments in some additional stocks. 

The fund is considering investments in the stocks of American Electric Power (AEP), Idaho Power Company (IDA), and Piedmont Natural Gas (PNY). 

It is the fall of 2016 and you are a manager at TF.  CF has requested that TF perform some financial analysis (focusing on risk and return).  

You are directed to calculate the following statistics.  TF generally uses the S&P 500 as a market proxy and uses the short-term Treasury bill rate as the risk-free rate.

Your intern will provide weekly closing stock (or S&P 500 index) prices and the risk-free rate over the years 2011 through 2016.

The stock prices are dividend-adjusted (i.e., include the value of any dividends paid).

The data from the intern’s spreadsheet also include the value of the S&P 500 index (S&P500) and the risk-free rate (i.e., the short-term Treasury bill rate). 

Use the S&P 500 as a market proxy. 

You are to calculate the following:

  1. Mean return for AEP, IDA, and PNY (arithmetic and geometric means)
  2. Standard deviation of returns for AEP, IDA, and PNY
  3. Correlation coefficient of returns between  AEP-IDA, AEP-PNY, IDA-PNY, AEP-S&P500, IDA-S&P500, and PNY-S&P500
  4. Covariance of returns between AEP-IDA, AEP-PNY, IDA-PNY, AEP-S&P500, IDA-S&P500, and PNY-S&P500
  5. Beta (using returns) for AEP, IDA, and PNY
  6. Coefficient of variation for AEP, IDA, and PNY
  7. Treynor ratio for AEP, IDA, and PNY
  8. Sharpe ratio for AEP, IDA, and PNY
  9. Jensen’s alpha for AEP, IDA, and PNY

Additionally, your managing director has requested that you:

Write a one-page memo to your client explaining your stock recommendation based on the calculations above.  If you must recommend one stock, which stock would you recommend to your client based on the risk-return analysis? 

 
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