(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) (AC2.2) Evaluate the techniques used to support the process of workforce planning
(Solution) CIPS PIN Final Assessment Negotiation in procurement and supply
- In this integrative assessment for Corporate Award Program establishes it has provided a formal commercial negotiation for Occidental of Oman operating in oil and gas industry.
- Commercial negotiation plan has been developed by reference to data, factual information and CIPS tools. HSE and chemicals portfolio spend category has been identified and evaluated in-depth to come up with an appropriate negotiation plan.
- The importance of identifying the HSE and Chemicals are informed by the previous COVID-19 pandemic which has informed on the need for adopting healthy business environment which is free from any infections.
- Further, coming from the pandemic where the level of business operations had significantly reduced and the organisation need to restart their operations by cleansing their systems and machines. In this case, the need for HSE and the chemicals portfolio in Occidental of Oman has been in an upward trajectory.
- For negotiation successful implementation, Occidental of Oman involves professionals, terms and conditions initiated, holistic readiness and streamlined procurement and supply chain approaches. This is with good forecast and plans being core for guaranteeing customers services delivery on time.
- From the analysis, different tools including SWOT, PESTLE and 4R’s have evidenced that Occidental of Oman is always on the advantage of ensuring they achieve the Best Alternative for Negotiated Agreement (BATNA).
- Also, this report highlight the need for holistic planning by prioritising on all expectation from the initial opening to the closure and agreement phases of negotiation.
(Solution) CIPD 5HR03 Task One–Report Section One
(Solution) CIPS FIDIC Contracts Advanced Practitioner Corporate Award (APCE)
- In this report, an evaluation of a contract by Oracle which is FIDIC guiding their construction projects in more than 67 countries globally has been carried out.
- It is evident from the analysis that there are varying contractual terms having an influence on the power and risk distribution between a supplier and an organisation.
- The rationale of this is that a contract is a legally enforceable agreement between different parties with specific acts or practices to be put into account.
- The core report areas of focus of focus has included the issues of price, quality, construction projects delivery timeline and health and safety have been put into account on the extent in which the risk and power are distributed between the contractor and the organisations.
- In the components identified, it is evident that irrespective of whether the buyer or supplier executes the risk or power.
- Through the application of different tools such as Mendelow stakeholders matrix, SWOT analysis and others, distinct issues and risks characterised by various challenges in the construction projects execution with their mitigation approaches and risks have been evidenced.
- As evidenced from the Kraljic analysis, it is evident that contractual terms have a strategic relevance in the context of Oracle informing on their holistic leveraging on the risks and powers of the contract.
- In situations where Oracle fails in leveraging on contract holistic risks power balance, warrant and also insurance cover is used.