Considering the Impact of Competition on HRM Within a Real Business
1) Considering the Impact of Competition on HRM Within a Real Business
a. Watch this video https://www.youtube.com/watch?v=aN5LB6CB7zs&t=8s
b. Identify two or three (2-3) businesses that could use the five (5) questions the Fruit Guys used to determine effectiveness. Provide a rationale for your answer.
c. Pick an organization that you are familiar with and do a competitive environmental scan for it. Then answer and discuss the following questions:
How does the competitive environment for the company affect the organization’s HR function?
Which strategy would be best suited to address the effects discussed?
2) “Ownership and Franchising” Please respond to the following:
a. Two friends are considering launching a small company, which they believe has potential to grow into a large firm in the future. Identify three (3) important factors they should take into consideration when selecting a form of ownership. Next, recommend one (1) form of ownership you believe will best serve the organization now and in the future. Justify your response.
b. Identify two (2) key criteria you would use to evaluate different franchise opportunities then select a franchise using the following websites: www.franchisegator.com or www.worldfranchising.com. Next, discuss the benefits and limitations of this particular franchise.