Career Planning and Development - Assignment
Added on 2021-04-21
6 Pages1104 Words54 Views
Running Head: AL NAWAF CASE 1Al Nawaf Construction Company Case StudyNameInstitution
AL NAWAF CASE 2Al Nawaf Construction Company Case StudyCareer Planning Program To begin with, a well-organized career planning and development within Al Nawaf willensure the availability and development of human resources with the relevant skills, talent andknowledge. In turn, this will enable the company to run smoothly as the workers will possess therequired skills for their jobs. In addition, a career planning program will ensure theimplementation of favorable policies and work practices. In turn, it will improve theorganization’s ability to attract as well as retain skilled and talented employees. Noteworthy, anorganization with a well-structured career plan is able to boost its image in the employmentmarket and, as a result, attract and retain highly skilled and competent workers (Human ResourceManagement, n.d.). Furthermore, career planning will contribute individual and organizationaldevelopment, and hence help in the achievement of corporate goals for the company. Moreover, a proper career planning program will work towards the development of asystem that tries to satisfy employee expectations. Consequently, it offers a comfortableenvironment for its workers and minimizes employee frustration. Aside from that, career planhelps the organization to protect its employees’ interests and, therefore results in the promotionof organizational goodwill (Human Resource Management, n.d.). Indeed, the introduction andimplementation of a sound career program will be very advantageous to Al Nawaf Company.Strategies for Competitive AdvantageIn order to gain a competitive advantage over other construction firms, the Al NawafCompany must develop sound strategies. To achieve this goal, the firm must adopt business-
AL NAWAF CASE 3level strategies that will help it gain an upper hand in the market. These strategies may include ofcost leadership, differentiation and forming alliances.Cost leadership Al Nawaf may adopt the cost leadership strategy to compete for customers based on price. Particularly, the firm may provide reasonable value for the services they render at a lower price compared to that of its competitors (Amadeo, 2017). In this strategy, the firm must make aneffort to reduce its costs relative to rivals in order to be a price leader (Amadeo, 2017). This may be attained through implementing a tight control over production costs, minimize overhead costs,reduce cost of sales and shrink the budget on research and development. Differentiation The organization may also gain a competitive advantage through differentiation. In thisstrategy, the firm may offer its customers greater value by offering unique services to its clients(Rouse, n.d.). Mainly, this is achieved through provision of high quality features, rapid productinnovation and advanced technological features (Amadeo, 2017). By so doing, Al Nawaf will beable to lower its buyers’ costs, raise product performance and improve sustainability.Consequently, this will give the firm a competitive advantage over rival construction companies. Alliances Al Nawaf can also gain competitive advantage in the market by forming strategicalliances with other business in related industries. Such alliances may take the form of jointventures in which they pool resources together and gain exposure to the global market (Lewis,n.d.). This way, the company will be able to gain an advantage over its rivals.
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