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Showing posts with label business. Show all posts
Showing posts with label business. Show all posts

Monday, 26 September 2016

Emerging Issues in Human Resource Management



CSB Admin would inform our readers about the emerging issues in human resource management (HR). Below list highlights and describes some of the main emerging issues related to HR that are very important for organizations to manage effectively.


Workforce planning and development:

For any organization either operating at domestic level or as international, recruitment of the right person on right job is very important and hence a critical issue for human resource management department. For recruitment of right person for any vacancy in an organization, HR manager is completely accountable. Because of diverse culture and religion, it is hard to give the requisite training and development programs to the employees at international level.


Managing Talent:

To address at global level managing talent is also a serious concern due to high competition. At international level cultural changes produce impediments to manage skills and talent of diversify workforce to implement the strategies and plans in order to achieve organizational goals and objectives. Training and development programs of organization also affects by this issue.


Managing Globalization:

Currently, managing globalization is really a big and critical issue for any HR manager. Due to regular changes in technological, globalization and social environment, trade policies’ liberalization and regulations, etc. it has become critical for HR managers to handle with the aggressive environment that affects the performance of organization at domestic as well as global platform.


Managing Demographic Workforce:

For the organization and HR department managing demographic workforce is becoming tough day to day. Both at domestic as well as global level, there are numerous policies and regulation that influences the recruitment policy of an organization to direct people particularly aging workforce. Company’s pension plan, retirement benefits for aging people are affected by the governmental policies. This is a very significant and complicated confronting for HR managers in recent times.


Managing Changes and Cultural Transformation:

Managing organizational changes and culture at global level also creates the issues for organization and HR department. In most of the time, organizational changes generate clashes between management and employees that influences the culture of the organization. So change management is an important emerging issue for the HR managers.

Saturday, 24 September 2016

Trend of HR 2016


Following are some trends we see in 2016 for HR and these trends have been chosen for you to help by the team of HR trend institute.

HR embraces agile:

Agile seems to be very hot trend in 2016 in HR where 2015 was the year of analytics but this year is of Agile HR. even many of the HR teams do not know what this term means so here I am going to brief it for your easiness to use it in your organization effectively. As many conference organizations and HR network facilities work hard to find out the trending HR topics for this year and in this list Agile HR has often made the shortlist.


Elements of Agile HR:

  • Keep your HR team small
  • Stop with all your regular meetings
  • Make sure there is fresh input in your team regularly
  • Find innovative and flexible partners
  • Do not strive to be perfect

HR  Performance Ratings:

In 2015 a few big corporations pompously announced that they were improving their performance management processes. As I have very mixed feelings about this trend. Yes, the feedback frequency should be a lot higher that once per year. Yes, nobody profit from a patronizing and uneven approach. Yes, conveying people a rough performance rating is not very obliging.  But: measuring performance is very important, and the redesign or abolishmentof performance management should not mean that one stops with measuring performance as well. Hopefully Performance Consulting will emerge as a trend in 2016.


Individualization:

Treating employees as not the part of a group or a segment but seeing them as individuals in organizations is more visible in 2016. In this case HR should learn from marketing as they still far behind from the way they deal with their employees as compared to clients. But by adopting individualism concept there is a small movement to understand the employees and their needs individually rather as a whole in a team.


Talent everywhere:

Talent management is becoming a broader concept slowly but still in much organization this concept is narrow and they do not know how they can engage and retain talent. The talent pool is broader. More and more talent does not want to be employed by (big) organizations. They are self employed, and are involved if you can proffer a demanding opportunity. While others wish to work for start ups. The trend: connecting to talent outside the organization, and design new talent development programs that are also helpful for these groups. This can be done directly, or through intermediaries.


Artificial intelligence:

Artificial Intelligence is rising up and also in going to the HR field. 2016 will possibly not be the year of ‘Machine learning’, but the advances are going quick. For e.g. “Personality Insights”, powered by IBM Watson. Feed the machine with text written by the person you want to analyze, and Personality Insights gives you a sound personality profile within seconds

Friday, 23 September 2016

Literature Survey of Green HRM

csbadmin-green HRM

Green is the most beautiful color in the world and is the color of nature. A walk down green meadows and jungles makes you feel happy, relaxed and free from stress and strains of life. Being with nature and environment can ultimately bring us happiness and prosperity- be it our personal lives or business endeavors and in business world Green HRM can become an active partner in achieving objectives by creating HR platform where the workforce experience high job satisfaction and being better engaged. In this growing era the nature is being destroyed by the companies in order to fulfill the human needs so it is indispensable for all the businesses to have a proactive approach towards the management of environmental activities all around the globe (Daily et al., 2012; Jabbar et al., 2010; González-Benito & González-Benito, 2006). 

Before the revolution in business world the victory of business was mainly depend on economic value but nowadays all the business firms have to take into consideration the diverse effects of ecological footprints of their businesses and should try their best to reduce these effects and to give importance to environmental and social factors as well so that they can gain success and generate value for shareholders and as well as for stakeholders (Govindarajulu and Daily 2004; Daily et al., 2012; Sroufe et al., 1998). According to Martinez Fernandez, & Hinojosa (2010) in this industrialization era environment is being polluted tremendously by the waste of industries especially which is not renewable, it is of much importance for the government of every country as well as the organizations to make policies to reduce the effects this waste on the environment. 

The increasing impact of polluted environment on our daily lives is a force for individuals and firms to adopt green policies so that we can save our nature (natural resources) for us as well as for coming generation. We are considering that desire to go green all over the world is increasing and in the near future it will become the norm for all the businesses due to its tremendous effects on business goodwill such as green technology, green products etc. there is a growing need for the incorporation of the management of environmental activities into HRM and this concept is called Green HRM (GHRM). So this is the factor forcing the corporate sector to adopt GHRM (Boiral 2006. González-Benito and González-Benito, 2006). Daily and Haung (2010) argued that the effective implementation of the environmental management system can only be done if the right person hire for the right job with the right skills and competencies for that particular job therefore, the functions of HRM has become the driver of the sustainability of atmosphere by aligning the organizations policies and practices (the HRM strategy) with the company’s overall strategy. This approach of going green is considered pretty profitable and effective since early 2000 (Lee; 2009). GHRM is a strategy used by the business firms to reduce the carbon footprints of each employee and talent retention and this term can be mixed with the concept of corporate social responsibility. According to Lee (2009) in order to measure and protect the environmental factors the strategy adopts by the firms is called GHRM. It is of the crucial importance for the organizations to insure that the environment where individuals lives is surely promoted and preserved (Daily and Haung; 2001). He further says that the organizations with the adoption of GHRM practices and policies are enjoying more benefits as compare to the companies having no such policies. 

Various distinctive advantages which are related with the implementation of these practices are culture improvement of the organization and teamwork promotion (Jabbar et al., 2012), operational performance boosts (Jackson et al., 2012) and the reduction of overall cost (Hart 1997). It is concluded from the above discussion that the implementation of these policies is necessary for all the businesses in order to safe nature and employees rights so that they can gain competitive advantage. So the main aim of this study is to find the link between GHRM policies and the benefits by adoption of these practices by all the businesses. 

GHRM is an area of the study where HRM policies and practices are used to ensure the efficient use of natural resources in any business and more specifically it encourage the cause of ecology. It lessen the carbon footprints through the efficient and effective use of available resources such as telecommunication, less printing of papers, job sharing, video conferencing and interviews through Skype (reduce traveling expense) etc (Shakti; Gill Mandip, 2012). So according to this view there are two main essentials of GHRM i.e. environmental friendly practices and employee retention. The practices of GHRM include R&S, PMS, T&D and employee participation and engagement (Meily Margaretha and Susanti Saragih, 2013). The organizations using GHRM policies are enjoying many benefits such as reduction in carbon footprints, cost cut, preservation of environment, preservation of natural resource, employee retention and work life balance. GHRM play a very significant role in the business in order to solve environment related issues (Shaikh, 2010).


Thursday, 22 September 2016

Literature review of work overload

csbadmin.blogspot.com-workload

The  term  work  overload  is  described  as  unsuitability  among  the  necessities,  time  constraints  and  resources  related  to  work  available  to  fulfill  requirements  required  to do  work by Rizzo (1970).  Past   researches  focuses  only  on  time  dimension  as  a  key  base    for  work  overload  as  described  by  Newton  Keenan (1987).  In  past  workload   had  been  described  as  a part  of  the  role  conflict. Conley  and  Woosley(2000)  describes  that  competency  and  resources  and  time  constraints  were  all  enclosed  under  the  many  definitions  of  role  conflict,  compromising  between  job’s  quantity  and  quality  and  time put  into  the  job.  But  nowadays  work overload  is  a  different  term  from  role  conflict.

Work overload  is  isolated  loosing  self-confidence,  attention  to  job  burnout,  disturbance,  frustration,  depression,  anxiety,  number  of  sick  days,  concentration  problems  and  last  but  not  least  work  accident  kahn  and  byosiere,  (1992).  Polletier,  1992:  Rahim,  1992:  Jamal,  1990   reported  that  an  employee  can   feel  work  overload  as  a  threaten  factor   and  can  increase  extraction  behavior  patterns  from  the  firm  in which  he/she  doing  work  and  due  to  work  overload   work  effectiveness  can  also  be  decreased  to  a  great  extent.  So  due  to  work  overload   there  may  be  striking,  absenteeism,  leaving,  early  retirement  and  more.  Highly  efficient  job  which  means  jobs  of  those  workers  which  requires  high  demands  and  skills  (related  to  work  overload)  but  actually they  have  minor  or  small  control  are  mostly  suffered  from  stress problems  which  is highly related  to  work  overload  (the  more  the  work load  on  a  job  the  more  the  employee  will  suffer  from  stress  problems)  described  by  classic-job-demand-control  model.  However  this  model  provide  appropriate  and  strong  factors  must  be  examined  for  a  clear  picture  of  those  relationships  between  work  overload  and  its  dimensions.


Eby  et  al.,  (2000)  in  a  work  domain  work  overload  is  one  of  the  foremost  predictor  of  work-family  conflict.  Work  overload  is  to  the  one’s  perception  that  how  much  work  he/she  can  do (leiter  and  schaufeli  1996).  Aryee  et  al.,  (2005)  describes  that  work  overload  to  the  extent  which  a  person  can  handle  more  than  that  can  create  fatigue,  and  over tiredness  and  it  may  diversely  effect  an  employee’s  motivation  to  do  work  effectively   and  efficiently  and  effects  to  control  other  domains  of  work.  Rout, (1999)  says  that  in  most  of  the  jobs  work  overload  is  created  from  constantly  working  under  time  pressure,  working  long  hours  and  having  to handle  great  demands  of  job  which  is doing.  So  all of  the  above  discussion  it  is   reported  that  work  overload  is  strongly  and  positively  related  to  work-family   conflicts.  

Thursday, 4 August 2016

Walt Disney - BCG Matrix




BCG is the short form of Boston Consulting Group and created by the  Bruce D. Henderson for Boston Consulting Group in 1970 to help the companies in order to analyze their business units i.e. complete product line. It helps the corporation to analyse their portfolio and provides best resource allocation tools as well as it also being used as brand marketing, product management, strategic management, and portfolio analysis



Wednesday, 3 August 2016

Walt Disney - SPACE Matrix



Space matrix is very helpful for any company when going to undertake a strategy as it guides towards the best strategies and helps management to undertake the one which is best according to the current situation of the company. It also named as Action matrix, Evaluation matrix and in short Space matrix. It is a strategy making tool specially the strategies related to company’s competitive position. Here we discuss four types of strategies i.e. Financial, Stability, Competitive and Industry.


Space Matrix as table:

Sunday, 31 July 2016

Walt Disney - SWOT Analysis



SWOT analysis refers to the study that any organization undertakes to identify its internal and external strengths and weaknesses either we can more comprehensively say that its internal strengths and weaknesses and external opportunities and threats. So this matrix provides a detailed list of all of the weaknesses and strengths that make company weaken or strengthen and also external opportunities that company can avail and threats that can be overcome before they are at hand. Following matrix basically known as TOWS strategic alternative matrix.
In this matrix we examine that
  • SO strategies: these are called Maxi-Maxi strategies and lets you maximize your opportunities by using strengths
  • ST strategies: These are the Maxi-Mini strategies that lets you use your strengths to reduce threats
  • WO strategies : These are the Mini-Maxi strategies that lets a company to minimize its weaknesses by using the available opportunities
  • WT strategies : These are the strategies that lets the company to minimize the weaknesses and aver threats and know as Mini-Mini strategies


Walt Disney - Competitive Profile Matrix

                       
The Competitive Profile Matrix has been applied to Walt Disney and how they rate with regards to their closest competitor, Time Warner and Viacom Inc. Although this method of analysis provides some insights to the competitive landscape, it must be noted that the two competitors do not operate along the same lines. Disney has carved out its own niche position over the years and it operates through a unique portfolio that only directly competes with Time Warner on one front and Viacom Inc.Therefore, this analysis should only be considered on a superficial level.




Walt Disney - Internal Factor Evaluation




We can describe internal factors as strengths and weaknesses if we are using SWOT matrix. So these are the factors that affect the performance of the company internally.
Strengths can be described as all of those factors that are internal and support internally the outcomes of the company. In short by making the best use of these resources we can boost up the performance of the company to its optimal level.
Weaknesses are the factors that work totally against the healthier and successful outcomes of the company.
Below are the internal factors of Walt Disney their weights, rates and weighted score that how they affect the company and in what intensity.

Thursday, 28 July 2016

Walt Disney - Key External Forces Impacting the company 2




Porter’s Five Forces of The Walt Disney Company
    
Degree of Rivalry 
- Direct competition between Pixar / Dreamworks
- Theme parks
- Brand must always make animation – foundations
- Disneyland/world unique
- Most famous animation brand
- Exit barriers, can’t leave a market without affecting other products

Supplier Power
- Due to high prices charged on merchandise by Disney, suppliers up prices
- Lots of different revenue streams, high cost to switching suppliers
- High amount of merchandising
- Supplies to parks, TV, merchandise, shows etc.

Threat of Substitutes
- Buyer has low differentiation between companies
- Buyers switching to Dream works
- Low threat from other film companies – always a market for animation
- TV Channels

Threat of new entrants
- Huge superpowers in the market in Pixar and Dream-works
- Costs a lot of money to create
- Disney Dominates the Market
- Disney TV

Buyer Power
- Hugely established brand
- Lots of wings of the company, involved in lots of markets
- Lots of revenue
- Household Name
- Lots of Controversy


External Factor Evaluation of The Walt Disney Company


Walt disney- Key External Forces Impacting the company



     Competitors
    
.          Time Warner Company
          
               Time Warner Inc., a global leader in media and entertainment with businesses in television networks, film and TV entertainment and publishing, uses its industry-leading operating scale and brands to create, package and deliver high-quality content worldwide through multiple distribution outlets.
      
      Viacom Incorporation
          
                Viacom Inc. (short for Video & Audio Communications) is an American global mass media company with interests primarily in, but not limited to, cinema and cable television. As of 2010, it was the world's fourth-largest media conglomerate, behind The Walt Disney Company, Time Warner and News Corporation (now 21st Century Fox). Voting control of Viacom is held by National Amusements, Inc., a privately owned theater company controlled in turn by billionaire Sumner Redstone.

Fox Broadcasting Company

          The Fox Broadcasting Company commonly referred to as Fox or the Fox Network, and stylized as FO is an American commercial broadcasting television network that is owned by the Fox Entertainment Group division of 21st Century Fox. It went on to become the highest-rated broadcast network in the 18–49 demographic from 2004 to 2012 in the United States. The Fox Broadcasting Company and its affiliates operate many entertainment channels internationally, although these do not necessarily air the same programming as the U.S. network.

Wednesday, 27 July 2016

Walt Disney - Introduction



For more than nine decades, the name Walt Disney has been preeminent in the field of family entertainment. In 1923 Walt Elias signed a contract with M. J. Winkler to produce a series of Alice Comedy; this date is considered the start of the Disney Company first known as The Disney Brothers Studio. The existing CEO of Walt Disney is Robert A. Iger and Jay Rasulo. From humble beginnings as a cartoon studio in the 1920s to today's global corporation, The Walt Disney Company continues to proudly provide quality entertainment for every member of the family, across America and around the world. Its headquarters are situated in Burbank, California. Disney is made up of five business segments: Media Networks, Parks and Resorts, Studio Entertainment, Consumer Products, and Interactive. Walt Disney is one of the world’s leading entertainment and information providing company. Its top competitors are Twenty Century Fox Inc., Time Warner Inc., and NBCUniversal Media, LLC. The Walt Disney Company’s globally-known consumer brands include: Disney, ABC, ESPN, Pixar, Marvel and Lucas Films. Disney is an S&P 50 company listed on the New York Stock Exchange. Its revenue is $42,278 million and profits are $5,682. It rank No. 1 in Entertainment, Innovation, People Management, Use of Corporate Assets, Social Responsibility, Quality of Management, Financial Soundness, Long term Investments, Quality of Products/Services and Global Competitiveness.


VISION STATEMENT

“To make people happy”

Their vision may include:
  • Be the leader in the delivery of entertainment experiences.
  • Be the premier channel for sports experiences and information.


MISSION STATEMENT

Creativity + Innovation = Profits

The mission of The Walt Disney Company is to be one of the world's leading producers and providers of entertainment and information. Using our portfolio of brands to differentiate our content, services and consumer products, we seek to develop the most creative, innovative and profitable entertainment experiences and related products in the world." 


COMPONENTS




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