The paper focuses on Stages of organisation strategy formulation and implementation. Therefore, Pick four PESTLE factors to discuss in detail (four paragraphs with some evidence of reading) Political (Brexit, political party in power etc
Stages of organisation strategy formulation and implementation
1.1) Factors that may impact on the business and the HR function
Pick four PESTLE factors to discuss in detail (four paragraphs with some evidence of reading)
Political (Brexit, political party in power etc
Economic (interest rates, employment rates, GDP, NLW etc
)Stages of organisation strategy formulation and implementation
Scial (population and demographic changes etc)
Technological (automation, smartphones and the internet etc)
Environmental (carbon footprint, CO2 emissions, sustainability etc
Legal (also Brexit, DPA 2018, Equality Act 2010 etc)
2.1) Forces that are currently shaping the HR agenda.
Need to discuss two, for example:
Firstly,change in management structures
Secondly,he fight for talent
Thirdly,de-industrialisation and rise of knowledge-based services
Technological growth and globalisation
Finally, demographic change (aging population and migration)
Increased education participation
Focus on gender equality
Generation Y / Millennials
Decline of collective workplace institutions
Decline in voluntary job turnove
2.2) Comparison of the strengths and weaknesses of two tools for analysing the business environment
• PESTLE (For instance, what is it and how it used
Strengths
Weakness
• Also, Porter’s Five Forces (what is it and how is it used)
Strengths
Weakness
2.3) The key stages of organisation strategy formulation and implementation, and how HR are involved in, or support this process.
Definition of Strategy
What is strategic HR?
Strategic formulation:
Discuss Rational, Emergent and Radical (the contingency model
Also,remember complexity and pace of change. Which would suit your organisation?
Models should include goal setting, evaluation and also, review to check whether the strategy is working.
Stages of organisation strategy formulation and implementation
• The role of HR in strategy, for example (discuss)
Firstly,eople issues are addressed during this process (recruitment needs, skills gaps etc)
Secondly,nowledge, skills and abilities deployed to the maximum effect
Thirdly,R strategy is aligned to business needs
Fourthly,ensure all policies, programmes and procedures are communicated effectively
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