Jul 14, 2017 Research papers

A Growing Small Business

This paper concentrates on the primary theme of A Growing Small Business in which you have to explain and evaluate its intricate aspects in detail. In addition to this, this paper has been reviewed and purchased by most of the students hence; it has been rated 4.8 points on the scale of 5 points. Besides, the price of this paper starts from £ 40. For more details and full access to the paper, please refer to the site.

A Growing Small Business

INSTRUCTIONS:

You made it! You received your master’s degree in Human Resource Management, and now it’s time for you to start seeking career opportunities. At this point, you may be a little confused as to what areas you should focus on in HR since your experience may be limited. Imagine that a friend shares with you that he/she has a small but rapidly growing business which is in need of an HR department. He has asked you to be the HR Manager. Your friend mentioned that he / she previously worked with an HR consultant, but now has close to 100 employees with no definite, dedicated HR department, and really needs your assistance. Although you are nervous, you realize that it’s now time for you to show your skills and put all your years of studying into action.



Select an existing small company in an industry you are familiar with to be the basis of the small business in this case. Review the company’s structure, culture, business strategy, mission, and vision.



Write a five to six (5-6) page paper in which you:

1.Provide a brief summary, in your own words, of your selected company’s overall business strategy. Next, determine the direction you visualize the company growing within the next five (5) to ten (10) years.

oHint: Review the common business strategies of Cost Leadership, Differentiation and Focus or Niche on p. 50 of your text.

2.Design a human resource management strategy to support your selected company’s business strategy. Explain the competitive advantage of your HRM strategy.

oHint: Review the following common human resource management strategies of Loyal Soldier, Bargain Laborer, Committed Expert and Free Agent from previous courses.

3.Develop an HR Scorecard table for your selected company. Include the four (4) dimensions (i.e., financial, customer service, internal process, and learning / growth / sustainability). Next, assess the value of your proposal to the small business in each of these dimensions.

oHint: Review the video titled “Building the Human Resources Performance Measurement Scorecard” (4 min 1 s) located at https://www.youtube.com/watch?v=s7jltEBKk2A for additional guidance in creating an HR Scorecard.

4.Use at least six (6) quality academic resources in this assignment from within the past five (5) years. Note: Wikipedia does not qualify as an academic resource.

5. INCLUDE THE QUESTIONS IN THE PAPER

6.Format your assignment according to these formatting requirements:

a.Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; references must follow APA or school-specific format. INCLUDE THE QUESTIONS IN THE PAPER

b.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 is not included in the required page length.

c.Include a reference page. Citations and references must follow APA format. The reference page is not included in the required page length. 


CONTENT:

A Growing Small Business Name Course Instructor Date Introduction Human resource has evolved over time, and integration with the strategic perspective highlights how organizations align human resource with the strategic direction. Additionally, the role of recruitment in HR ensures that organizations attract individuals who fit an organization’s culture. However, at times, the potential employees may not have attachment to the company especially when the company focuses on an external orientation. The HR personnel are then faced with the problem of how to balance the recruitment needs, which are aligned with the company’s strategies. Alignment of the HR practice with strategic objectives can either be a fit between the competitive strategy and the human resource strategy (vertical) or fitting the individual human resource practices together to offer support (horizontal) (Stewart, Brown, 2011). Business strategies Porter’s generic strategies have been accepted as a framework to analyze the how different organizations utilize their business-level strategies to improve the growth prospect and ward off competition. The Porter’s generic strategies framework focuses on the cost advantage and differentiation as the two elements which are the basis of a company’s strength (Sehgal, 2011). The ability of accompany to position itself determines how it competes in an industry. The cost advantage related cost of producing goods and services, the ...


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