Friday, February 14, 2020

Case study review Coursework Example | Topics and Well Written Essays - 1000 words

Case study review - Coursework Example However, one weakness reflected is that of high operating expenses. This is because the revenue is in â€Å"billions† whereby the net profit is only amounting to a few â€Å"millions†, thereby reflecting high expenses. High expenses could lead to operational inefficiency as well as higher prices for customers; therefore, they need to be controlled. On the other hand, the company has the opportunity to grow as it is currently only medium sized. By employing more people and increasing operations it can take advantage of economies of scale and lower prices for customers. Finally, it is likely that the company is facing the threat of high expenses owing to factors beyond its control such as rising labor costs and interest rates. 2. Fitness First Group Ltd Fitness Ltd’s strength lies in its geographic diversification as it is â€Å"international† in nature and has operations in 15 countries. Therefore, it can take advantage of lower costs in other countries as well as reduce legal and regulatory risks by operating in different countries. However, it may potentially possess weakness in the form of mismanagement of multi-cultural international markets. Furthermore, since the company is large in size and scale, HR conflicts and conflict between the strategies for home country versus host country is likely to be inherent. The company faces the opportunity of further expanding its geographic base and expanding into other countries, such as emerging BRIC economies, to take advantage of the rising health issues and increased demand for fitness by consumers in these countries. Furthermore, it can â€Å"go public† rather than remaining a private limited company as doing so will give it access to greater amount of finances and capital to run the business. This is particularly relevant because the company has international operations which may require share capital to sustain them. Finally, the company faces the threat of intense competition owing to its international operations. It is worth noting that the company may have to compete with already established players in countries other than its home country which would entail a potential risk of failing in those countries altogether. Furthermore, customers’ preferences, habits and lifestyle may be different in these countries and this is particularly relevant since the company is offering lifestyle-based service- fitness. 3. Oxford BioMedica plc The company’s strength lies in its association with an already established brand- â€Å"Oxford University† which shall give it enhanced reputation compared to its competitors. However, its weakness is that the company may require greater funds for further research and development as scientific research is typically cost. An amount of ?130mn may, therefore, be insufficient for this purpose. As far as opportunity is concerned, the company may have access to greater funding owing to funds provided by health and scientific organizations that generally have huge budgets for research and development. This funding can be used to develop innovative medicines as is the core mission of the company. However, the threats are also likely to be high owing to the controversy surrounding â€Å"gene-based† medicines. This means that lack of political will and regulatory compliance may delay patent protection which could ultimately put the large

Saturday, February 1, 2020

HRM Essay Example | Topics and Well Written Essays - 2500 words - 4

HRM - Essay Example onsibility for any defeat, injury, or damage resultant from, or occurring in association with, the use of in order contained, described, disclosed, or referred to in this account. The research work starts with the foreword of human resource management. The task will try to center on the idea of human resource management strategies and human resource behavior of McDonalds eating place ltd, the association where I am working. The object of this assignment is to connecting the models of HR strategies with McDonalds and summarising HR behavior like presentation management, incentive and rewards and HR planning. For the reason of HRM strategy I am applying the best practise and best-fit replica with McDonalds. Furthermore, it explains the human resource activities of McDonalds eating place ltd and finish with an suitable conclusions and recommendations that can get better the HRM strategy, HR behavior and the role of the HR meaning within McDonalds eating place Ltd in arrange to achieve greater than before organisational presentation. According to the yearly report of Macdonald human resource management is a strategic and logical approach to the management of an organisations the majority valued possessions: the people operational there who individually and together add to the achievements of its object with the great competence. The aim of HRM is to help the organisation to attain success through the help of public. HRM strategy is an approach for creation decisions on the tactics of the organisation (Dowling P.J, Welch D.E, 2004). These tactics are concerned with the worker relationship and its staffing, training expansion, performance management, rewards and worker strategies. The basic behavior followed by HRM is that of as long as services to internal clientele. These include middle management team head, line managers and employees. The services cover all the aspects of HRM like human resource planning, staffing and selection, worker development, worker rewards,