(Solution) CIPD 5CO02 analysis tools and methods to diagnose organisational issues challenges and opportunitie
New User Gifts
First Order Deal get Ksh 200 Off.
Payment Methods:
Description
Solution
| Pestel Analysis
PESTEL analysis is a crucial macroenvironmental instrument enabling organisations to evaluate and comprehend the external factors influencing their operations. This method evaluates the Political, Economic, Sociological, Technological, Legal, and Environmental factors affecting a business, enabling leaders to identify prospective issues, challenges, and opportunities in the market environment (CIPD, 2023). PESTEL analysis is distinguished by its systematic approach and exhaustive scope, which provide a holistic view of the external factors influencing the business. The method’s adaptability permits its use in various situations, influencing strategic decision-making for market entry, product launches, and regulatory changes. According to Buye (2021), It enables organisations to adapt their strategies proactively by anticipating emergent trends and challenges. For instance, a pharmaceutical company can modify its product launch plans based on PESTEL-identified imminent changes in healthcare regulations. PESTEL analysis has limitations, however. It disregards internal aspects, such as the organisation’s assets and weaknesses, in favour of a singular focus on external factors. Moreover, reliance on future predictions introduces uncertainty and the possibility of inaccuracy. Conducting a PESTEL analysis requires gathering and analysing data for each factor and evaluating their impact on organisational goals (Anwar et al., 2021). Afterwards, strategic decisions are made based on the gained insights. For instance, a tech company investigating a new market entry may encounter favourable economic and technological conditions but legal obstacles due to data privacy regulations. With this information, the company can devise strategies to capitalise on opportunities and overcome legal barriers. PESTEL analysis is a valuable technique in People practice, particularly for tackling the difficulties and opportunities associated with external factors affecting an organisation’s workforce (CIPD, 2023). Understanding the impact of political issues on people management is one area where PESTEL can be used. Changes in labour laws, rules, or government policies, for example, can directly impact recruiting, compensation, and employee relations. Using PESTEL analysis, HR professionals can examine how changes in political climates may affect their plans and policies. Furthermore, economic issues can be crucial in workforce planning. A changing economy can affect compensation structures, benefits, and staff expansion plans. PESTEL aids in the identification of these economic trends and develops measures to avoid risks or capitalise on opportunities (Ray, 2020).
Image Retrieved From; (SpringWorks, 2021). Learning Need Analysis; The Learning Needs Analysis (LNA) is a structured procedure organisations use to determine the required knowledge, skills, and behaviours for effective job performance (Symonds, 2022). Its primary objective is to identify performance gaps aligned with business requirements and to resolve them with targeted training initiatives. LNA is distinguished by its systematic and comprehensive approach, which includes data acquisition via surveys, interviews, and performance evaluations to identify areas where employees may lack essential competencies. This ensures that training efforts are targeted, enhancing employee performance and overall organisational effectiveness (team, 2022). LNA’s ability to tailor training programs to specific requirements, thereby maximising the return on investment in training and development, is one of its advantages. A retail company might, for instance, identify sales teams with inadequate product knowledge and customer service skills following an LNA. With this information, the company can design customised training to improve these areas, resulting in higher sales and greater customer satisfaction. LNA can be time-consuming and resource-intensive, necessitating considerable effort, particularly in larger organisations.
|
| Explain the principles of critical thinking including how you apply these to your own and others’ ideas. (AC 1.3)
Short references should be added into your narrative below. Please remember to only list your long references in the reference box provided at the end of this section. Word count: Approximately 450 words
|
Please click the following icon to access this project in full
Related Papers
(Solution) Level 7 CIPD 7C002- People Management & Development Strategies for Performance
(Solution) 5HR03 (AC2.4) Explain the merits of different types of recognition schemes offered by organisations
(Solution) CIPD PWC 5HR01: Employment Relationship Management
(Solution) CIPS Module 6- Project, Programme and Change Management in Procurement and Supply Chain
- Enhanced Suppliers Performance- With an upward of 50,000 orders annually with 40% valued more than 5 million Omanis and 50% 20 Million Omanis, failure to timely settle invoices, demand for high quality materials and minimising effects would be considered.
- Cost savings- With improved SRM, it is possible for Oxy to negotiate appropriate terms, lower procurement costs (5 Rights not currently achieved) hence working below targets and lead times delivery reduced and achieving economies of scale.
- Increased efficiency- improved and streamlined SRM improve operational efficiency, reducing wastes in administration process for SRM (25% of entire suppliers pay delayed)
- Risk mitigation- this include identification of risks linked with suppliers such as dissatisfaction, financial instability and geopolitical challenges
- Oxy organisation PS&M is supposed to come up with appropriate systems and techniques for improvement of SRM
- Oxy organisation need to make sure they use various automations including AI and robotics for improving collaboration and SRM efficiency.
- Facilitate policies management for improving their operations in onshore and offshore operations with an improved SRM
- Short courses on SRM need to be provided starting with PS&M leadership to achieve 50% increase in awareness of SRM improvements areas.
- Stakeholders relations improved by leveraging on available technologies of communication and interaction.
- Ensure there is 70% increase in budget on SRM improvements
(Solution) Assessment ID / CIPD_7CO02_24_01 why the effective management of expatriate staff can be challenging and often leads to disappointing outcomes in practice
Question 15 (AC 4.3)
Drawing on examples and published research, assess why the effective management of
expatriate staff can be challenging and often leads to disappointing outcomes in practice.
What one major recommendation would you make to an organisation that was about to
expatriate a senior manager to work in an overseas subsidiary for the first time? Justify your
answer.