Challenges of Managing Employment Relationship

This presentation by Desklib explores the challenges of managing employment relationship. It covers the prescriptive and emergent approaches of strategy, the role of core competence in developing sustainable competitive advantage, and the concept of innovation in driving long-term success. The presentation also includes references from books and journals.

Challenges of managing
employment relationship

TABLE OF CONTENTS
 MAIN BODY
 SECTION-1
 1 Comparing and contrasting the application of the prescriptive and
emergent approaches of strategy along with analysing their role in the
achievement of the organisation's aim
 SECTION-2
 2 Analysing the role of core competence in developing the sustainable
competitive advantage
 5 Evaluating the major advantages, cost and the risks of using the concept
of innovation in order to drive the long-term success of the organization
 REFERENCES

SECTION-1
1 Comparing and contrasting
 Strategy has been determined as the effective action plan that helps in
determining the long term objectives of the organization.
 It is just not limited to determining the objectives of the organization.
 Along with this, it also includes the guidance that can lead to the
achievement of the main aim. It also ensures the sustainable competitive
advantage to the organisation.

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 The prescriptive approach of strategy refers to setting the strategies before
the implementation of the actual plan.
 This includes analysing the environment of the organization along with the
resources.
 And then the plan has been implemented in relation of making the strategy.
 It is concerned with managing the progress of the organization from initial
stage.

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 All the available resources has been analysed by the organization along
with the risk factors. And the production has been started.
 Now, while analysing the market, it has been found that in order to
approach and increasing the market share and becoming superior from the
competitors.
 It is important to approach the digital marketing strategies for promoting
the product.

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 Both the approaches are concerned with achieving the main aim of the
organization.
 The prescriptive approach of strategy is concerned with making the plans at
the initial stage and the emergent approach of strategy is concerned with
adopting the changes and implement the strategic planning.
 In order to make sure, that the initial plan are going in accordance with the
current scenario in the market.

SECTION-2
Analysing the role of core competence
 Core competence refers to the resources and the capabilities that are
concerned with the strategies and enables the business to get the sustainable
competitive advantage.
 The elements of the core competence generates the long term competitive
advantage for the business.
 Also, helps in making the organisation superior from the competitor.

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 CSR refers to the social corporate responsibilities that has to be performed
by the business in terms of performing their social aspects towards the
every element that is linked with the business.
 TESLA has adopted this as their core competence.
 As the operations of the firm cause harm to the environment.

Evaluating the major advantages
 Innovation refers to the process of carrying new ideas, plans in relation of
introducing new products and services by the business.
 It is hard for the business in order to survive for long period without
adopting the process of innovation.
 As it enables the business in terms of becoming the leading in the market.
 It is important to adopt the concept of innovation with the time. So, the
current demand and expectations of the business can be met

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 The major benefit of the innovation is that it leads to increase the
productivity of the firm.
 The innovation is all about transferring the ideas into the product and
services that has to be delivered to the customers. For example: The Google
company has made certain innovation in relation of providing the benefit of
google translation to the customers also, the innovation related to the
google map.

REFERENCES
 Books and Journals
 Bacinello, E., Tontini, G. and Alberton, A., 2020. Influence of maturity on
corporate social responsibility and sustainable innovation in business
performance. Corporate Social Responsibility and Environmental
Management. 27(2). pp.749-759.
 Bou-Franch, P., 2021. Evaluation, Conflict and Prescriptive Metapragmatic
Comments:(Re) constructing Transmedia Stories. In Analyzing Digital
Discourses (pp. 189-217). Palgrave Macmillan, Cham.