Professional Documents
Culture Documents
Reliance The Game Changer
Reliance The Game Changer
The curtain is up in India‘s high-decibel war of the giants as Reliance Industries Ltd (RIL)
chairman, Mukesh Ambani, spelt out an aggressive plan for the much-awaited Reliance Jio 4G
services at the company‘s 42nd annual general meeting (AGM) on 1 September 2016. With a bold
tariff plan, low-cost mobile phones, and free voice calls for a lifetime, Reliance Jio Infocomm Ltd
kicks off a new phase of turbulence in the world‘s fastest-growing telecom market. Some claim the
announcement has sparked a virtual bloodbath in the Indian telecom sector and is seen as one of
the biggest moments in corporate battles in recent times. The impending launch of Reliance Jio
had been hanging like a Damo
Ans 1:
Introduction :- Firstly we need to understand about the Hr strategies then we go further and talk
about the other aspects :-
Hr strategies :- A Human Resource strategy is a business’s overall plan for managing its human
capital to align it with its organisation goals. The Human Resource strategy sets the direction for all
the key areas of HR, including hiring, performance appraisal, development, and compensation. The
HR strategy is thus a long-term plan that dictates HR practices throughout the organization.HR
Strategy is the strategy adopted by an organization which aims at integrating an organization’s
culture, its employees and system by coordinating a set of actions to get the required business
goals.
*HR strategy is long-term and focuses on workforce planning as well as development from a
forward-thinking viewpoint. Traditional HR, or personnel as it was once referred to as, is focused
more on the transactional nature of Human resources, such as reviewing applications, maintaining a
census of FTEs (full-time equivalents) and signing up talent for insurance benefits. Strategic human
resource management, on the other hand, focuses on aligning employee qualifications with the
organization's workforce needs. This type of HR management provides employee training and
development to prepare the workforce for company expansion, as well as the employee's
professional growth.
*Two basic types of HR strategies can be identified. These are: Overarching strategies; and Specific
strategies relating to the different aspects of human resource management.
1. Strategic Direction :-Understand key mission goals and future objectives set by organization
leadership and how the workforce needs to be aligned to achieve them.
2. Supply Analysis :- Understand the current workforce and how it is projected to change over time,
due to attrition and other trends.
3. Demand Analysis :-Understand the organization's current and future workforce requirements.
4. Gap Analysis :-Understand the gaps between workforce demand and supply and to define top
priority gaps with the greatest impact on organizational performance.
6.Monitoring Progress :- Monitor the performance of solutions and their impact on the gaps they
were designed to address, and to continuously improve the solutions to maximize their
effectiveness.
#Hr policies :-Policies are broad guidelines as to how the objectives of a business are to be
achieved. Human resource policies lay down the decision making criteria in line with the overall
purpose of the organisation in the area of Human Resource Management.They are developed by the
HR Manager in consultation with the top management to assist the managers at various levels to
deal with the people at work. HR Policies are continuing guidelines of the organization which are
intended for adoption in managing its people.
*Policies are broad guidelines as to how the objectives of a business are to be achieved. While
objectives provide the ends which a manager should try to achieve, policies provide the guidelines
which he should keep in view while achieving the ends.
a.The employees will not accept any gift from any supplier except for token gifts of purely nominal or
advertising value.
b.Each employee will proceed on atleast one week vacation each year.
d.HR policies cover the principles and rules of conduct governing the dealings of the organisation
with its employees, and set the tone for the administration of personnel programs in a manner
conducive to the attainment of the objectives of the organisation.
The need for sound personnel policies stems from the fact that in order to achieve the overall
objectives of the enterprise, an atmosphere has to be created in which optimum and spontaneous
co-operation of the employees can be achieved.
*The formulation of HR policies can help an organization demonstrate, both internally and externally,
that it meets requirements for diversity, ethics and training as well as its commitments in relation to
regulation and corporate governance of its employees.
For example, in order to dismiss an employee in accordance with employment law requirements,
amongst other considerations, it will normally be necessary to meet provisions within employment
contracts and collective bargaining agreements. The establishment of an HR Policy which sets out
obligations, standards of behavior and document disciplinary procedures, is now the standard
approach to meeting these obligations.
Decision Making strategies :- Managers of successful businesses do more than simply find a way to
make money and sell stuff. Not only do they handle the day-to-day tasks of selling, they also think of
the big picture and make decisions that will get the company to where it wants to go. This is called
strategic decision making, where decisions are made according to a company's goals or mission.
This type of decision making guides the choices that are made, aligning them with the company
objective. It requires out-of-the-box thinking as managers need to consider future scenarios that may
or may not happen. It's these scenarios that will determine in which direction a company will go.
• For example, the manager of a dog food company notices that dog owners want more quality and
fresh foods rather than kibble that lasts 10 years on the shelf, even if those kibbles provide a similar
nutritional value. The company's mission statement is to be the best company that sells the
healthiest dog food. To align the company with the changing needs and wants of its customers, the
manager decides to shift the company's products to focus more on freshness. Yes, this means a
reduced shelf life, but it does mean a higher profit margin because dog owners are more than willing
to pay more for fresh quality foods.
• Strategic decision making is inextricably linked to strategic planning because it concerns the
distribution of resources and the company’s long-term direction. Although many organisations
recognise the importance of strategic planning and decision making, documents such as the
company’s mission and vision may also remain untouched.
Ans 2:
Assume you have been appointed as a ―Head Human Resources‖ in a government organization
and your core role is to develop and implement HR Strategies by transforming the traditional function
to generate enhanced organizational performance. Based on the scenario, propose and develop the
following:
A. Organization Model of Strategy (Choose any one model and provide its assumption as well).
B. Corporate Level Strategy (Choose any one strategy as discussed in the lecture, and provide its
justification for selection).
C. Business-Level Strategy (Choose any one strategy as discussed in the lecture, and provide its
justification for selection).
D. Create an alignment of HRM with organization model of strategy, corporate-level strategy and
business-level strategy.
E. Create HR Strategy (Mention its purpose, category and level of strategic decision making
Expert Answer
Anonymous answered this
Was this answer helpful?
0
369 answers
A.
Organizational strategy is an arrangement that indicates how the business will distribute
assets (e.g., cash, work, and stock) to help the foundation, creation, advertising, stock, and
other business exercises.
Three Models of Organizational Strategy:
*Strategy isn't an augmentation of arranging. They are various capacities that require various
outlooks. Strategy is more with regards to building versatility despite inescapable
astonishments than attempting to work out what's probably going to occur.
*The strategy needs an inward limit, yet it can't be only an overhead. Accordingly, the
strategy shouldn't be only an undeniable level warning capacity separate from what an
organization makes, sells, conveys, etc. It should be installed primarily into how an
organization works.
*Good thoughts can emerge out of any place, including from an external perspective just as
from the data moving from the organization's own activities. A center key capacity is being in
contact with and having the ability to survey and channel, the consistent progression of data
and thinking. Strategy is subsequently a principally basic limit.
*Experts can't do strategy. They can prompt, illuminate, train, support. At the end of the day,
strategy is about the language where an organization characterizes its personality. On the off
chance that the organization doesn't claim it, it's an exercise in futility and cash.
The greatest test isn't actually to characterize this thought of a strategy-based organization.
The vast majority of the central issues are likely genuinely natural. What is substantially more
troublesome is to draw a trustworthy primary model for how such an organization can be set
up and run.
B.
Corporate strategy is about essential choices about deciding the general extension and
bearing of an organization and the manner by which its different specialty units cooperate to
accomplish specific objectives. A corporate-level strategy is an activity taken to acquire an
upper hand through the choice and the executives of a blend of organizations contending in
a few businesses or item advertisements.
Expansion Strategy:
It serves people in general in an extra item or administration areas or adds markets or
capacities to its definition. It zeros in its essential choices on significant expansions in the
speed of movement inside its current business definition. This system incorporates renaming
the business either adding to the degree of activity or liberally growing the undertakings of
the current business. At the point when an expansion strategy is sought after, it could prompt
the expansion of new items or new business sectors or capacities. Indeed, even without an
adjustment of business definition, many firms embrace significant expansions in the speed of
exercises. Expansion strategy is frequently considered as an "innovative" strategy where
firms create and present new items and showcase or enter markets to fabricate share.
Expansion is generally considered as the method for further developing execution.
1. In the event that business conditions are unstable, expansion might be an important
strategy for endurance.
2. Numerous leaders might feel happier with the possibilities of development expansion.
6. Expansion empowers to harvest benefits from the experience bend and size of activities.
C.
Business-Level Strategy:
Business level systems allude to the joined arrangement of moves and activities focused on
offering worth to the clients and fostering an upper hand, by utilizing the company's center
skills, in the singular item or administration market. Business-Level Strategies are for the
most part worried about the organizations having various businesses and every business is
viewed as a Strategic Business Unit (SBU). Compelling Business-Level Strategies involve
creating particular abilities and executing them to have an advantage over its adversaries.
Cost Leadership:
This strategy stresses fabricating normalized items, for a minimal price for value touchy
customers. Cost initiative strategy will in general zero in on the wide mass market. What's
more, for this, the firm constantly and thoroughly takes a stab at cost decrease in various
regions, regardless of whether it is obtainment, creation, bundling, stockpiling, dispersion of
the item while accomplishing economies in overheads. To acquire cost initiative, firms
regularly follow forward, in reverse, and even reconciliation.
ii. Successful use of the association's assets to stay away from wastage.
iii. Achieving economies of scale brings about lower per-unit costs.
iv. Putting resources into very good quality innovation for brilliant working.
D.
Consequently, the principal focal point of the Human Resource Strategy is to have functional
linkages to fit Human Resource Management with the essential push of the organization.
The connection between Business Strategy and Human Resource Strategy of organizations
additionally needs to especially deal with wild figures which exist in the outer climate. Outer
natural variables' effect should be perceived and Human Resource experts should attempt to
limit their antagonistic effect during the execution cycle of techniques. Outside natural
variables could be controlled or limited with the assistance of authority and heading given by
departmental administrators, preparing and directions given to representatives, key
execution errands and exercises that should be characterized with sufficient subtleties, and
data frameworks utilized for checking the course of execution which likewise ought to be
adequately satisfactory. Organizations should zero in on their Human Resource Strategies
as these are less inclined to be imitated by contenders as these are not noticeable to
contenders. Regardless of whether noticeable, it probably won't be ideal as various
organizations' setting requires various systems. The utilization of Human Resource
Strategies to construct workers' responsibility and assurance would bring about giving
magnificent client administrations by representatives. This would thusly produce benefits and
would help in getting a maintainable upper hand with a top-notch labor force. Along these
lines, Business Strategy is viewed as crucial for any organization, however, any strategy will
be deserving of it assuming great Human Resource Strategies additionally exist. Business
Strategy and Human Resource Strategy are indivisibly connected with one another and the
two of them are strong together. For example, organization strategy might expect
representatives to be revamped or redeployed and for this situation, Human Resource
Professionals should be involved to guarantee an elaborate labor force. Without Human
Resource Strategies connected with business targets, a significant level of organizational
execution isn't probably going to be put. Accordingly, Business Strategy lays the course that
the organization will take later on and Human Resource Management goes about as an
instrument to pretty much every part of strategy execution. Adjusting HR to the business
strategy can support worker fulfillment and execution, guarantee groups are adjusted to
assist the business with accomplishing its essential destinations, and increment their impact
and dynamic power across the organization.
E.
HR strategy is tied in with making alignment around an organization's kin, processes, and
working methods of reasoning. It's a method for situating key human resources management
as the impetus for intensifying more extensive business or organizational objectives. The
capacity for organizations to characterize and accomplish their destinations, in this manner,
becomes tied straightforwardly to the interior HR methodologies empowering them to come
to fruition.
To make an HR strategy:
*Adjust to business needs: A business strategy directs how a business will accomplish its
objectives and fill in both the close and long haul. An HR strategy supplements this by
making the interior framework that can viably initiate its kin and cycles to arrive at those
objectives. It's implied that building an HR strategy is impossible in a vacuum. Truth be told,
it should course down from an organization's more extensive business strategy and, all the
more critically, position an organization's representatives as the paste that interfaces HR
strategy to business strategy.
*Distinguish what achievement resembles: As with laying out any objective or objective,
basically assembling a strategy is just 50% of the fight. It's never a 'limited time offer cycle in
any way shape or form. Indeed, all the other things do once the ink has dried on HR strategy
is regarding what necessities to occur to drive steady accomplishment until comes to or even
outperforms expressed objectives.
*Focus on collaboration: Even however done whatever it takes to adjust HR strategy to more
extensive business objectives goals, actually needs backing and purchase from key partners
and other business accomplices across the organization. All things considered, HR is a
switch of help for each division in an organization. Instructions to wind up accomplishing key
objectives will rely vigorously upon each office being a functioning member in that work. As
such, should work with partners to team up on needs, recognize what is generally significant
or feasible in the coming year, and afterward diagram a make way towards accomplishing
those objectives just as the KPIs used to quantify progress against those objectives.
*Measure results in real-time: Just recall, a strategy is essentially a system that gets an idea
underway for accomplishing a bunch of objectives. So make certain to remain agile and
adjust strategy dependent on whatever new requests and changes are confronting the
organization continuously. The worth in estimating achievement isn't just to give a merited
congratulatory gesture while accomplishing HR objectives; it's a chance to calibrate strategy
as go, multiplying down on the strategies that work and getting rid of those that simply aren't
performing to assumptions.
Ans # 3:
Case Study
Tesla’s Strategy
By 2017 Tesla Motors briefly had a market value higher than the much- larger General Motors.
Tesla‘s strategic plan, formulated in 2006 by company founder Elon Musk, was to start by offering
a high- Performance energy-efficient electric roadster ―without compromises‖ and then expand
to offer less-expensive family cars, while eventually enabling battery recharging with solar power
devices. By early 2017, it was clear that Tesla was not soon going to achieve its goal of producing
5,000 Model 3 family sedans per week, and the company also faced numerous human resource
management–related challenges. For example, hundreds of workers stopped building Tesla‘s
battery factory near Reno, Nevada, claiming that outside contract workers were lowering their pay.
Workers at Tesla‘s car plant complained of high employee accident rates. Musk reportedly said
that Tesla wasn't skimping on safety to make more profit, but rather to survive and continue to
offer employment. Tesla also laid off about 700 workers at its California manufacturing facility.
Many union activists asked why, having to ramp up production of the new Tesla Model 3, the
company would dismiss so many employees. Some felt it wasn't because of poor performance
reviews, but because Tesla wanted to fire employees who wanted a union. Elon Musk defends
dismissing the 700 workers. Basically, he said (1) most companies have performance reviews and
use them to screen out employees, and (2) because it wants the highest- quality cars, Tesla
needs to have higher performance standards than its competitors. As Musk says, if a little
company wants to compete with a giant one, the little one must have a lot more skill, or it will get
pummeled. Some of Tesla‘s HR procedures are also somewhat unusual. For example, Tesla
requires that new employees sign confidentiality agreements prohibiting them from discussing
Tesla‘s business strategy and working conditions. The United Auto Workers filed unfair labour
practice charges against Tesla, claiming that such agreements violate employees‘ rights. Tesla
does use some sophisticated HR tools to improve its HR processes. For
example, they used talent analytics to determine if employee referral programs improve their
recruitment and retention processes and distributed an employee engagement survey. By May
2017, Tesla appointed a new HR head, Gaby Toledano, with the title Chief People Officer. In
announcing the appointment, Tesla noted that she would help Tesla address its labour and
harassment disputes. Ms. Toledano acknowledged that some disputes between workers weren‘t
reaching the HR office fast enough, but she said she‘s working on the problem. Furthermore,
Tesla employees receive anti-discrimination and anti-harassment training.
Questions
1. The case narrated that Tesla‘s strategic plan, formulated in 2006 by company
founder Elon Musk, was to start by offering a high- Performance energy-efficient
electric roadster
―without compromises‖ and then expand to offer less-expensive family cars, while
eventually enabling battery recharging with solar power devices. Considering the context,
propose an integrative HR strategy for the organization in detail with proper justification for
the selection (Hint: Choose any one type of integrative HR strategy).
2. The case narrated that Tesla also laid off about 700 workers at its California
manufacturing facility. Many union activists asked why, having to ramp up production
of the new Tesla Model 3, the company would dismiss so many employees.
Considering in your opinion, which type of corporate strategy is following and why?
Also, provide the role of the HR Department in line with the corporate strategy?
3. Considering the context of the case, propose the methodology for formulating a new
HR strategy for the organization. (Hint: Use the components of methodology for the
formulation, available on Slide No. 25, Lecture No. 04).
4. Considering the context of the case, provide a comprehensive plan for linking HRM
value addition into organizational performance? (Hint: Assume any theoretical approach
of SHRM).
5. Recommend the transactional and strategic role of HR in the organization.
Expert Answer
Anonymous answered this
42 answers
noted that she would help Tesla address its labour and harassment disputes. Ms. Toledano
acknowledged that some disputes between workers weren‘t reaching the HR office fast
enough, but she said she‘s working on the problem. Furthermore, Tesla employees receive
anti-discrimination and anti-harassment training.
Questions
1. The case narrated that Tesla‘s strategic plan, formulated in 2006 by company founder
Elon Musk, was to start by offering a high- Performance energy-efficient electric roadster
―without compromises‖ and then expand to offer less-expensive family cars, while
eventually enabling battery recharging with solar power devices. Considering the context,
propose an integrative HR strategy for the organization in detail with proper justification for
the selection (Hint: Choose any one type of integrative HR strategy). The case narrated that
Tesla also laid off about 700 workers at its California manufacturing facility. Many union
activists asked why, having to ramp up production of the new Tesla Model 3, the company
would dismiss so many employees. Considering in your opinion, which type of corporate
strategy is following and why? Also, provide the role of the HR Department in line with the
corporate strategy?
2. Considering the context of the case, propose the methodology for formulating a new HR
strategy for the organization. (Hint: Use the components of methodology for the formulation,
available on Slide No. 25, Lecture No. 04). Considering the context of the case, provide a
comprehensive plan for linking HRM value addition into organizational performance? (Hint:
Assume any theoretical approach of SHRM). Recommend the transactional and strategic
role of HR in the organization.
Expert Answer
17 answers
Ans # 4