Business Issues and the Contexts of HR CHR

Business issues and the
contexts of HR CHR

TABLE OF CONTENT
INTRODUCTION...........................................................................................................................3
FACTORS AFFECTING AN ORGANIZATION & HR FUNCTION..........................................3
Comparing minimum of two different tools................................................................................3
Identifying four different external factors and discuss their impact............................................4
Explaining how each of these factors impact on the organization's HR function.......................5
Analysing key forces which influence the HR agenda................................................................5
ORGANIZATIONAL AND HR STRATEGY & PRACTICE.......................................................6
Key stages of strategy formulation and implementation using models.......................................6
Role of HR in Key stages.............................................................................................................6
HR Contribution to business ethics with example.......................................................................7
RESPONDING TO CHANGE........................................................................................................7
Using business performance tool to analyse performance of company.......................................7
Role of HR in business planning.................................................................................................8
Role of HR in change management.............................................................................................8
Business and contextual data use for business planning..............................................................8
Three areas business need to focus by using two data sources....................................................9
CONCLUSION................................................................................................................................9
REFERENCES..............................................................................................................................11

INTRODUCTION
Business issues are the issues that used to affect the work and profitability of the
company. The current assignment is based on the Heritage Textiles which is the textile industry.
The report will outline the SWOT and PESTLE analysis of business environment and will also
discuss its impact on the organizational practice. Further this report will outline the factors have
impact on HR function of the company and key forces which influences HR agenda. This report
will also outline the key stages to have strategy formulation and implementation and HR
contribution to the business ethics. Further more this report will outline the business
performance tool to evaluate business performance and role of HR in business planning. This
report will further outline the role of HR in change management and recommendations to the
company.
FACTORS AFFECTING AN ORGANIZATION & HR FUNCTION
Comparing minimum of two different tools
SWOT analysis is tool that is used for planning strategic management techniques within
the workplace through closely identifying strengths and weakness existing within the
organization along with analysing possible future threats and opportunities that would help them
the firm to prepare fully (Harika and et.al., 2021). Moreover, on the other hand PESTLE analysis
is one framework that describes about certain macro-environmental factors that needs to be
considered while planning any kind of the strategic management for future.
Also, when comparing the two in detail it can be said that is broader and helpful to
produce SWOT. Furthermore, PEST analysis is not helpful when the company needs to identify
certain internal factors and impact on the business. Also, through SWOT analysis the firm would
be able to take certain measures to control negative impact of internal factors while in PEST it is
not possible to do so external environment might only be monitored but not completely removed
form the business (Ilyas, 2018.). Moreover, SWOT analysis might be proved sometimes
ineffective to the firm when the organization had conducted in any form baisness. Also, when
comparing to the PESTLE it can be said that if the true and accurate information of external
environment is not gathered than effects on the organization might be made worse. However,
both SWOT or PESTLE analysis might be effectively used for any kind of strategy formulation.
Furthermore, the both the analysis are used for developing the best strategic plan so that various
risks might be minimized for the future.

Identifying four different external factors and discuss their impact.
The four internal factors that would impact the current working of Heritage Textiles are
as follows:
Economical: Various factors such as unemployment rate, inflation various import export
restrictions etc. would negatively impact the working of Heritage Textiles. Furthermore, with
current Covid situations it can be said that the business would not be able to hire the qualified
individuals that are able to carry out the specialized task within the business thus creating
negative impact on the working (Sharma, Jha and Singh, 2021). Further, in the context of various
import and export restrictions in other parts of the country this would negatively affect the
success of the firm.
Technological: The heritage Textiles need to install the latest tools and technology
within the workplace so that it is able to sustain in the market for longer durations (Ivanova and
et.al., 2019,). Also, through latest technology the firm would be able to produce large number of
products and increase the current working efficiency in the long run.
Environmental: In the current era most of the people are concern towards protecting the
environment and is against the use of various harmful products that are not sustainable and is
causing wastage of resources. Further, to reduce negative impact heritage Textiles need to adopt
techniques within the workplace such as use of the best delivery methods to provide goods to the
consumer, less use of natural resources, use of sustainable energy saving methods etc. so that it is
able to operate effectively.
Social: People trends and beliefs vary on the large scale and hence it is very essential for
the heritage Textiles to conduct the production based on taste and preferences. Also, for the
positive impact and increase in the sales of the business it is important that timely feedbacks
form the employees are taken so that changes might be than made accordingly to avoid future
losses.
Explaining how each of these factors impact on the organization's HR function.
For above PESTLE factors in heritage Textiles it can be said that the HR function is
affected in following manner :
Economical: In the current era there are various changes such as relating to globalization
and the more of remote working (PESTEL Analysis, 2022). Hence, it is essential for HR
department to analyse such changes on timely manner so that company valuable time and cost is