Typically, the starting point of such process centres on identifying and filling gaps in the organisation. While finding new recruits is one option of such strategy, reconfiguring existing resources could be another, furthering the bond between employer and valued employee by offering internal promotions or introducing new policies on flexible
Product and competitive environment McDonald’s Corporation (MDC) known for its famous golden arches is the number one largest chain of fast food restaurant in the world. With headquarters in the United States and restaurants in 120 countries serving around 86 million customers a day. About 80% of the restaurants are operated by a franchisees or affiliates. McDonald's revenues come from the expenses paid by the franchisees such as fees, royalties, rent, as well as sales in company-operated restaurants. According to Hoovers, McDonald's Corporation in 2013 made and annual revenue of $28,105.7 compared to $27.5 billion made in 2012.
McDonald's restaurants are found in 120 countries and territories around the world and serve nearly 54 million customers each day. The company also operates other restaurant brands, such as Piles Café and Boston Market, and has a minority stake in Pret a Manger. In addition, McDonald's opens a new restaurant every three hours. Also, McDonald's has twice the market share of its closest U.S. competitor, Burger King, representing 7% of total U.S. eating-out sales. Similarly, McDonald's serves about 1% of the world's population on any given day through its 23,000 restaurants internationally.
In an increasingly competitive world, organisational structure and effectiveness within companies are key concepts. Effective leadership skills can enhance the growth and success of an organisation as well as on an internal level, create a healthy and functional work environment for employees. It is important to recognise the importance of good leadership skills and how they affect the working process in an organisation. This essay will identify leadership and provide definitions and how it is assessed. It will furthermore identify the commonly known traits of a successful leader and importance of emotional intelligence.
It is the third largest global retailer based on revenue and second largest company based on profit. They currently have around 6351 stores over 3 continents and employee over 470,000 people. In 2012, they generated about £72.035bn in sales. Their companies aim is " to be the most highly valued business by: the customers we serve, the communities in which we operate, our loyal and committed colleagues and of course, our shareholders." (Tescoplc.com, 2014).
This enables an organization to assess its strategies and formulate new ones hence meet the customers’ demands. Since employees implement strategies, they have to be informed of the strategic missions of an organization. Strategic plans by an organization are always aimed at gaining competitive advantage, as such; human resource practices should be aimed at focusing the employees’ attention to the organization’s major strategies (JobsD.com, 2011). Human Resource as a Competitive Advantage for Organizations From the recent research, it is evident that the human resources are very essential for the competitiveness of organizations. An organization can define its strategic human resource roadmap by availing framework in which to plot a course to its future.
It is important to find the right balance between listening and doing. Application of transformational leadership to motivate and empower staff Transformational leadership is an appropriate leadership style to motivate and empower staff as it encompasses charisma, inspiring employees, challenging employees and allowing employees to achieve their long-term goals in a personalised manner. It is one of the most inspiring leadership styles. These leaders facilitate conversations between major stakeholders of the organisation. Should any problems arise in an organisation with transformational leadership, I believe that it will be dealt with swiftly and in a manner beneficial to everyone.
Introduction Performance management is the process of establishing a favorable working environment for a given organization such that every employee will have the ability to work at their level best to achieve the organizations goals and objectives. This process basically involves developing clear job description, acquisition of proper work force, providing appropriate training of employees and designing equitable compensation plans along promoting career development for the employees. Managing performance in any given corporate body is one of the most important contributions that managers should put into consideration. Setting up goals, laying down objectives and strategizing on appropriate methods to achieve such goals are the main essentials of performance management. Good management plan ensures regular coordination and efficiency in the organization system.
Primarily, human resource management aims upon raising the effectiveness and involvement of employees just as to make goals and objectives achievable and attainable. It contains vivid conceptions that are said to be effective enough just as to make company growing and progressing. With this, it can also be ensured that situations need to be made highly favorable and affirmative in approach. Not only this, the check can also be formed upon relevant areas. The areas of HRM are affirmative and helpful to allow organizations to make situations proper and managed too.
The HRM function is meant to align employee behavior and overall, choose how a firm will compete to achieve predetermined missions and goals. Both HR and management of any organization must agree and fully understand immediate and long term goals to make them possible. For example, ASI’s HR and management team work together and thoughtfully organize, use all resources, and strive to have able staff to follow through with all strategies. HR plays a crucial role in creating this organizational strategy, as well as working with management to best accomplish it. HR serves many purposes and these functions, along with how it works with management, to make the greatest impacts it can on the company as a whole.