Description
Solution
In implementing the corporate strategy, people professionals and capital prioritisation is essential (Banik & Lin, 2019). The importance of this is maximising entire organisation performance by allocation of resources in different organisation units for success in their operations.
The different resources managed are;
People– Based o the scope of the strategy in assisting HWE in leveraging on competitive advantage, people professionals are supposed to be recruited who possess the capability to run their supply chain with efficiency. Hence, by use of the model, HWE is best placed to increase efficiency level, exploit economy of scale with entire cost structure reduced as illustrated in figure 9;
Figure 1:Competitive advantage and sources
Source: Lee and Yoo(2019)
For HWE practices, they are supposed to have in place a strategy for differentiation with the resourced individuals required to possess the following features;
- An appropriate foundation for pursuing in-depth research and development (R&D), consistently and embracing innovation
- Delivery of immense quality of services
- Individuals capable in improving sales and marketing strategy based on offered benefits
- Staff capable in improving customer services provision by offering focus group teams and relevant opportunities
Information– in the verge of development and implementing corporate strategy, HWE is supposed to be investing in Management Information System (MIS) successfully (Mbaka & Namada, 2019). This represent system provided inclusive of accuracy of information and management for promoting effective making of decisions.
Figure 2:MIS System Application
Source: Summarised from Daneshvar Kakhki and Gargeya (2019)
In coming up with the corporate strategy, HWE achieve in area of improved efficiency, influencing others in spend area and suppliers management improved. In implementation, gain from improving contract management is instrumental.
Technology– In a broad case, technologies influence how issues are managed associated with complexity of…….
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