Following the outcome of your business case study analysis in assessment one, using the spaces provided below in this template, solve the identified problems. To solve these problems, you are required to use key business principles and theories from your Principles of Management modules. Remember, you are required to analyse these problems critically.
As a guide, before you start:
State the business problem(s) found in the case study as analysed in your assessment one. Note that this should be the same problem(s) you have identified in your assessment one. (Wordcount 200 words).
The Barnes Company is a retail business specializing in travel goods and luggage. As they are looking forward to opening their new branch in London, as operations manager the task is to formulate a sales strategy. As young adults and college students are the main customers, the sales strategy should be designed specifically for them. Limited budget and knowledge about the existing social media strategy create barriers to doing so. Therefore, it is important to evaluate the business principles and theories which can boost the business profile. Different control facilities have attached with the mainframe system which can access all the design elements. There are different customizations which an operational overview suggests to manage different dynamics. All the aspects of business fundamental operation has been controlled in a unique way to manage the business principles. Social media strategies which are considered to be the best can be controlled in a unique way. The command listing can be targeted through working systems which can access the design portal. In order to enhance the shopping experience all the strategies are discussed in a unique fashion. There are many availabilities of different range of operations which can be accessed through selecting the target audience.
The problems which will be managed are absence of arrangement between authoritative objectives and planning standards might frustrate viable key financial plan redistribution. Expertise deficiencies could continue on the off chance that there is an inability to carry out designated labor force improvement programs in view of distinguished industry-explicit necessities. Continuous innovation and collaboration may be hindered by a supportive culture and hierarchical approach, limiting the company's ability to maintain an innovative portfolio. Insufficient command over financial plan dispersion and labor force limit might upset the legitimate usage of abilities and ability the executives procedures.
Execute the solution to the problems you identified in your assessment One. You must apply business principles and key business theories. Minimum of two theories and a maximum of three. (Wordcount is 1000 words).
Trends and consumer preferences are the only keys to this luggage and goods industry. Only the talent management strategies can pull the requirements that can follow the offerings. By identifying the target market, all the products should be handpicked. Based on the market capacity and information, the product selection process starts within the company. All the control profiles, therefore, can be uniquely designed to get the adaptability that they deserve (Sonawane, and Khang, 2023). The market always changes through its capacity enhancement and wrong product placement. Therefore all the market standards should be uniquely checked before applying them to the main project.
All the essential market portfolios are uniquely designed to get the maximum attention from them. By developing the control facility each management opportunity can be reshaped with the significant. Through continuous development and support each management facility can be distributed through the specific channels. Through collaborating with different patterns, resource management programs can be established even well. All the other specified system arrangements are part of the same program from where the management capacity can be enhanced. As a result, it needs to be changed based on the current scenario of the market profile. Barnes should also need to access the market capacity before its final establishment. Adaptability and staying informed about the change of market which can control these design settings before entering London. There are different industry demands in various partnerships where capacity enhancement is the only way to get better attention.
Through unique selling propositions, all the accessible market strategies are standardized through several patterns. In the case of the market capturing profile, all the strategic engagement plans can be controlled through several alignments which can only be specified. By not following the target market alignment, all the utilizations of the London branch should be more specific in each control facility. By differentiating the competitors from the main company, all the enhancements can be strategically controlled through various iterations (Calzavara et al. 2020). Different service profiles can be managed through implementing strategic social goals and engagement profiles. A proper market resource can tackle any challenges that can happen in this company.
The workforce culture should be applied on the basis of industry trends. Therefore, in each iteration, a single channel control can be influenced in every management scenario. By adapting to the same management control, all the engagement patterns can be easily depicted through several iterations (Karakhan et al. 2021). Other than that, every workforce development program can maintain a control feature that can boost the financial counterpart within the company.
Through understanding the customer profile and target market, this theory emphasizes all the arrangements. Based on the specific requirements, all the changing capacity is controlled through different iterations altogether. In the luggage and travel goods market, the product should go through various channels from engagement patterns (Rajvanshi et al. 2021). All the industry product offerings can be specified through various arrangements which can manage the customer needs. Product offerings are always controlled through several iterations. Product offerings are always practicable in which the control sources are part of the program. Based on the competitive edge each source can be specified through market enhancement. In this way, by following the pattern, each system requirement can be met without any delay. Specific industry-need operations can be controlled through various patterns where the positive organizational culture is the main priority.
All other basic workforce cultures can be controlled through the mainframe system. Different attributes can also be controlled within this same specific range from where the operational workforce takes control (Valecha, 2022). Operation managers should apply all the basic fundamental properties within a systematic management protocol. Industry trends and consumer preferences both should be equally managed within basic properties. There are different employee engagement properties that should be addressed specifically before applying to the main project. In this way, the organizational culture of the Barnes Company can be managed. Each operation within the industry should be managed with a control facility.
Internal resources that can control all the enhancements should be controlled in a significant manner. There are different advantages that can manage the competitive edge in the market. All other channels through specific programs can be maintained in a significant manner (Pera, 2019). Different capacity establishments within the company can be specified through various features. In this way, implementing specific plans for a product related to luggage can be easily projected in the business category.
Human Resource Management (HRM) theory stresses the significance of organizational hierarchy and efficient communication in this scenario. The hierarchy of leadership is a basic part of hierarchical design, working with proficient direction and coordination. HRM, on the other hand, emphasizes the significance of adaptability and adaptability to changing business environments. The operations manager must strike a delicate balance between meeting the urgent need for increased budget and respecting the chain of command in order to successfully implement a new social media strategy for The Barnes Company's London branch (Wynne et al. 2021). Using HRM standards, the supervisor could consider proposing a proper solicitation for an expanded spending plan through laid out channels while guaranteeing the proposition lines up with hierarchical objectives and shows the possible profit from interest regarding expanded deals and brand conception. By understanding the authoritative elements and practicing key correspondence, the chief can look for endorsement for the important assets to profit by virtual entertainment open doors and impel the branch's progress in the serious market.
Through optimizing the skills and talents within the workforce, all the management components should be specifically arranged. All the internal resources can be controlled through various programs on which the essential market capacity can be easily depicted. All the sequences in the facility can be maintained by this theory where the company profile mitigates all the issues. Existing system profiles can arrange the system components based on the market establishment strategy. Different customizations can also be projected through various resource-specific skills that can manage the travel goods market. In the case of projecting significant resources, only the product-based arrangement should be prioritized within the business capacity (Wynne et al. 2021). All the resources that can manage a product in a significant manner can be controlled through various strategies. Travel and goods products should be more authentic on their own which can be categorized through different specific arrangements.
Identify key recommendations for the business based on your analysis in section 2. This should be a minimum of 2 recommendations and a maximum of 3 recommendations (Wordcount is 300 words).
Organizational goals and priorities should be aligned with the business principle that manages effective budgeting. Strategic budget reallocation should be processed by following a fundamental business principle. The budget distribution should be controlled in a significant manner so that each organizational goal can be met within time (Chakraborty, and Biswas, 2019). By boosting the workforce with product market-based theory HRM principles can be easily adjusted. Talent management strategies can only be developed with the proper utilization of skills. All the distribution materials are controlled in a significant manner so that each facility can act as a whole (Chakraborty, and Biswas, 2019).
The issue of skill shortages can be easily mitigated through generating workforce development programs. By discussing with HR, operations managers can easily figure out which specific skills are needed for the company. Industry-specific needs should be addressed with the industry-based theory which focuses on consumer preferences. Training programs should be created with enhanced workforces to manage any program arrangement within company premises (Sonawane, and Khang, 2023). By managing the workforce capacity, consumer preferences should be controlled with a specific program. Specific needs of the consumers should be identified before applying specific programs into the workforce capability (Fraher, and Brandt, 2019). All the adaptable control facilities should be managed with training programs.
New ideas should always need support from the operation manager to maintain an innovative portfolio within the company. A favorable culture needs to be prioritized in every scenario so that the control facility can react on its own. Based on the industry-based theory a hierarchical approach should be present in the company to maintain standards. Therefore, by encouraging employee engagement, all the secured operations should act on their own within the company. By following the engagement pattern different establishments can be settled within the mainframe system (Lowman, and Harms, 2022).
Calzavara, M., Battini, D., Bogataj, D., Sgarbossa, F. and Zennaro, I., 2020. Ageing workforce management in manufacturing systems: state of the art and future research agenda. International Journal of Production Research, 58(3), pp.729-747.
Chakraborty, D. and Biswas, W., 2020. Articulating the value of human resource planning (HRP) activities in augmenting organizational performance toward a sustained competitive firm. Journal of Asia Business Studies, 14(1), pp.62-90.
Fraher, E. and Brandt, B., 2019. Toward a system where workforce planning and interprofessional practice and education are designed around patients and populations not professions. Journal of Interprofessional Care, 33(4), pp.389-397.
Karakhan, A.A., Gambatese, J.A., Simmons, D.R. and Al-Bayati, A.J., 2021. Identifying pertinent indicators for assessing and fostering diversity, equity, and inclusion of the construction workforce. Journal of management in engineering, 37(2), p.04020114.
Lowman, G.H. and Harms, P.D., 2022. Addressing the nurse workforce crisis: a call for greater integration of the organizational behavior, human resource management and nursing literatures. Journal of managerial psychology, 37(3), pp.294-303.
Pera, A., 2019. Towards effective workforce management: Hiring algorithms, big data-driven accountability systems, and organizational performance. Psychosociological Issues in Human Resource Management, 7(2), pp.19-24.
Rajvanshi, H., Jain, Y., Kaintura, N., Soni, C., Chandramohan, R., Srinivasan, R., Telasey, V., Bharti, P.K., Jain, D., Surve, M. and Saxena, S., 2021. A comprehensive mobile application tool for disease surveillance, workforce management and supply chain management for Malaria Elimination Demonstration Project. Malaria Journal, 20(1), pp.1-9.
Sonawane, A.Y. and Khang, A., 2023. Challenges Faced by Marketers in Developing and Managing Contents in Workforce Development System. In Designing Workforce Management Systems for Industry 4.0 (pp. 285-310). CRC Press.
Valecha, N., 2022. A Study on Importance of Ethical Responsibilities in HR Management. International Journal for Global Academic & Scientific Research, 1(1), pp.13-22.
Wynne, R., Davidson, P.M., Duffield, C., Jackson, D. and Ferguson, C., 2021. Workforce management and patient outcomes in the intensive care unit during the COVID‐19 pandemic and beyond: A discursive paper. Journal of clinical nursing.
Appendix 1: Market-Based and Resource-Based Theories for competitive advantage
Figure 1: Market-Based and Resource-Based Theories for competitive advantage
(Source: Sonawane, and Khang, 2023)
Appendix 2: Resource based product and process innovation
Figure 2: Resource based product and process innovation
(Source: Wynne et al. 2021)
You May Also Like:
Managing Business Financial Performance Case Study
How to Tackle Any Case Study Discussion With Example?
1,212,718Orders
4.9/5Rating
5,063Experts
Turnitin Report
$10.00Proofreading and Editing
$9.00Per PageConsultation with Expert
$35.00Per HourLive Session 1-on-1
$40.00Per 30 min.Quality Check
$25.00Total
FreeGet
500 Words Free
on your assignment today
Request Callback
Doing your Assignment with our resources is simple, take Expert assistance to ensure HD Grades. Here you Go....
🚨Don't Leave Empty-Handed!🚨
Snag a Sweet 70% OFF on Your Assignments! 📚💡
Grab it while it's hot!🔥
Claim Your DiscountHurry, Offer Expires Soon 🚀🚀