(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) 5CO02 Concept of evidence-based practice (EBP) and Technivara use to ensure sound decision-making in people practice
(Solution) CIPS Occidental of Oman Commercial Management Assessment
(Solution) New CIPD 7C001: Work and Working Lives in a Changing Business Environment
(Solution) CIPS New Global Strategic Supply Chain Project
- The purpose of this project is to evaluate supply chain automation by leveraging Industry 4.0 technologies. The identified technologies include Artificial Intelligence (AI) and Machine Learning (ML) noted as critical for streamlining operations and obtaining value-for-money outcomes. This has been pursued by focusing on Wood Plc.
- To conclude, the generated findings of this report evidence WPC is today adopting the application of iSourcing in their procurement and supply management (PS&M).
- In the current project, through an evaluation of options for automation of the organization PS&M, the findings evidence the existence of different limitations hindering the success of their system. The issues of cost overruns, lack of collaboration, and inefficient supply chain as the organization is expanding its current operations have been noted to include limitations of their current sourcing.
- Success in the automation of their supply chain has been identified to lead to the following outcomes;
- Organisation achievement owing to automation of their supply chain, increased confidence and capability, talent management, and employee competency
- Improved stakeholders relations (a later section of stakeholders analysis) easing the change process. Through the iSourcing improvement, WPC would be in a position of harnessing technical and commercial evaluation processes.
- Increased and robust systems and policies which mitigate overall gaps in sourcing system transformation
- Today, only lower than 10% of the entire WPC resources are used to prioritize automation and IT integration successfully. Automation would improve the use of resources in their operations
- Involve their IT and finance departments to ensure within a period of 6 months they
- WPC needs to consider embracing sustainable practices as part of investing in their Industry 4.0 technologies
- Through the adoption of automation, better communication systems backed by AI and ML would be introduced to achieve 70% increased communication effectiveness.
- It is important to increase this through increasing collaboration and alignment of all their interests holistically
- Partnering with institutions for the provision of capacity development opportunities for the PS&M teams and other organizations for the success of the automation process
- Expanding their sourcing of Industry 4.0 technologies. This is to involve highly reputable global companies hence efficient operations and integration of AI
- Source of support from the government to ensure that they are facilitated in terms of policies and appropriate regulations to guide the automation process.