This website uses cookies to ensure you have the best experience. Learn more

Score Board Approach Essay

2117 words - 9 pages

1. Outline the problem

After reading the case study it is clear that there are several issues that have been noticed. Firstly there is a lack of factory managers to properly manage the 500 employees. Westfarmers would need about 35 managers instead the current 15, as research shows the average staffs to manger ratio is 7-10:1 (Anders, 2008). Secondly the CEO was aware of Johns accounting background and that he did not have all the required experience in HR management, but failed to provide him with adequate training. John was not given sufficient time to settle into the new position and solve existing staff problems, as he was given new tasks to do. Lastly there is an issue with the ...view middle of the document...

John’s employees are lacking management supervision as there are 15 managers for 500 staff members but also could be lacking motivation. The main focus of the company would shift to motivating the employees as they would be competitive advantage and it may help John to reach the 20% increase within the three years.

Barney's (1991) resource-based theory of, argues that continued competitive advantage occurs while four vital necessities are reached. The four necessities include adding value to the organisation’s production procedure with the importance of individual performance. Secondly firm’s skill set must be rare. Thirdly, the human capitol which are the organisation’s employees stands for cannot be easily duplicated. Even though one of the limitations is that the employees can change organisations, John has to make sure that he motivates and retains the employees. Lastly, the organisations human resources are not to be subjected to replacement by technology or other replacements if the man goal is to offer a supply of sustainable competitive advantage (Huselid, 1995).

The disadvantages of this theory are that it is really difficult to obtain a firms human capitol containing both the highest level of skills and demonstrate finest behaviour in the lack of an united people management system (Wright, 2001). Also all the resources are invested into the employees (human capitol) as they are the competitive advantage, while the human capitol can be easily transferred to another organisation (Barney, 2001). The organisation also misses out on the technological advances and the labour cost reductions. Economic structure of the company industry also impacts on the competitive advantages, because if it collapses the advantage is gone as well as the organisation cannot afford to have them.

Secondly the best fit theory could also assist John in his dilemma. The ‘best fit’ approach to strategic human resource management is to investigate the close liaison among strategic management and HRM. This can be done by taking into consideration the control and nature of vertical integration (Huselid, 1995). Vertical integration, where power is grown through the close relations of HR policies and practices to the organisational goals. The internal fit perspective proposes that the implementation of an internally consistent system of High Performance Work Practices will be reflected in better firm performance (Huselid, 1995). The benefits of HPWP are declining employee turnover, greater productivity, and also greater job satisfaction. It also operates through organisational social structure to increase flexibility and efficiency, all of these help improve building and growing people and improving business performance (Huselid, 1995).

Limitations to the best fit method include high job uncertainty as it is based on cost efficiency strategy that is why it failure to recognise the need to align staff interest with organisation with pre-validating social...

Other Papers Like Score-Board Approach

Don't Let Your Board Exams Stress You Out

1020 words - 5 pages The board exams and stress seem to go hand in hand for the vast majority of students who undertake this sort of coming of age ritual across India each year. Lost appetites, under-confidence, nervousness, anxiety and even depression are no strangers to the youngsters who are conditioned to look upon these exams as the be-all and end-all of academic achievements in school. Not a year goes by without the media reporting a number of suicides and

Corporate Governance Evaluation And Rating Essay

1614 words - 7 pages alongside an applicable index, i.e. Standard & Poor’s 500, Standard & Poor’s 400, Standard & Poor’s 600 (2011). The subsequent score compare the business’s corporate governance procedures with the industry compeers via Standard & Poor’s 23 sector grouping. These ratings contain eight fundamental focuses, board make-up; audit concerns; management pay; bylaw conditions; anti-takeover procedures; progressive procedures that include performance review

Return on People

5048 words - 21 pages Return (%), Subsequent Year, Relative to Other Financial Institutions HCM Maturity Score Relative to Other Financial Institutions | March 2007 hbr.org Assessing Yourself Just as Six Sigma techniques involve continuous refinement of processes based on feedback, the HCM evaluation approach is used iteratively: An initial assessment indicates the HCM changes that should positively affect performance; performance responds to the

Leadership

2160 words - 9 pages Small Business Administration and SCORE would be the most useful. Analyze and describe the founding leader(s), leadership style, and major business principles of a profit-oriented entrepreneurial approach in which the primary goal is to provide a product or service to consumers and to make a profit.  The founding profit oriented leader is Jack Welch. He had a successful strategic plan with

German Business Culture

2614 words - 11 pages a Supervisory Board (Aufsichtsrat) which appoints the Management Board (Vorstand). The management board is the final decision-maker on policy matters which affect management. However below Vorstand level, companies tend to have a strictly hierarchical approach within which individual's specific roles and responsibilities are tightly defined and compartmentalised. This results in a methodical approach to most business issues where procedures and

Taeget Costing

1051 words - 5 pages Tempest Inc. Question: 1 How does The Balanced Scorecard Approach Differs from More Traditional Discounted Cash Flows method of evaluating capital proposals? * Traditional Discounted cash flows method is differs from Balanced scorecard as it provides a measure that is not actionable they describe consequences- not causes. They are too aggregated and do not tell the operational managers as what needs fixing. * Traditional discounted cash

Entrepreneurial Leadership

1424 words - 6 pages more knowledge on a subject than I do. This allows a more effective solution and also shows your workers that you trust them and believe in their judgment. This also makes employees feel as if they are valued and makes them want to do a better job to ensure the task is completed. The three tools or resources available through the Small Business Administration and SCORE that would be most useful to the type of business and entrepreneurial approach

Tax Compliance

4486 words - 18 pages assessment mechanism practiced by that particular country. In Malaysia, tax assessment system could be classified into two namely Official Assessment System (OAS) and Self Assessment System (SAS). Under OAS, the taxpayers receive their annual tax returns from tax authority, Inland Revenue Board (IRB) and were required to submit the returns within 30 days from the date of service. It was the taxpayers’ statutory duty to declare all the necessary

Language Arts

1807 words - 8 pages editing software. Instructional Plan: Student Prerequisite skills/connections to previous learning: The student should know what components go into and how to write a complete sentence. The student should be familiar with editing basic sentences for grammar, capitalization and punctuation. Presentation procedures for new information: The purpose of this lesson is to teach the students the crucial steps in the writing approach to aid

Leadership

3289 words - 14 pages do and how to do the task. * S2 is called a coaching approach and high directive- high supportive style. Information and direction are provided and pay more attention on communicating with followers by leaders in order to get the group on board. * S3 is called supporting approach which required a high supportive- low directive style. Leaders focus on more relationship than the direction and work with the group and shares responsibilities

My Learning Style

1255 words - 6 pages lecture methodology does have several of the learning styles as inherent components: the teacher talking is Aural, use of the white board is Reading, students taking notes is the Writing component and perhaps the teacher draws a picture or diagram occasionally to represent the Visual. Unfortunately, for some students the lecture approach, even with its components, doesn’t serve students very well or efficiently, lacking the depth and

Related Essays

Credit Risk Management Essay

4703 words - 19 pages sanctions subject to approvals at various stages, namely, credit risk rating, risk approvals, credit approval grid and so on. * They should lay down policies to control exposure in high-risk sectors, depending upon the bank’s own experience, such as capital markets, gold and bullion, commercial properties development, loans against shares/debentures and so on. * They should evolve a consistent approach towards an early recognition of a problem

Miscellaneous Essay

603 words - 3 pages better ways to improve your score, proper “bowling” etiquette and bowling attire. The first thing I would like to discuss with you guys is how to better improve your score. How many of you guys, when you go bowling, just grab a ball from rack and just throw it down the lane?? The most important thing to get your score up is actually getting a ball that you’re comfortable using. You don’t want to get a ball too heavy, nor do you want

Caltex Essay

6973 words - 28 pages Caltex / 2014 Annual REPORT Corporate Governance Statement The Board is committed to conducting the business and operations of Caltex Australia Limited and its group companies (Caltex) in accordance with high standards of corporate governance, and in the best interests of our shareholders. The Corporate Governance Statement provides information about the Caltex Group’s corporate governance practices for 2014, including compliance with

Written Task 1 Part 1 Essay

1358 words - 6 pages the remedy to the failing test grades of the African American students in Oakland. This is one of the main reasons why I support this approach of your board, because black students in Oakland score an overall grade point of 1.8 on a scale of 4 according to the university of Illinois, which is the lowest grade point on average for any ethnic or racial group in the district. In my personal opinion this could have crucial long-term impacts on the