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HRM Strategies for Waitrose in International Markets

   

Added on  2023-06-14

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HRM in Context
HRM Strategies for Waitrose in International Markets_1

CONTENTS
ABSTRACT...............................................................................................................................1
BRIEF DISCUSSION OF THE REASON FOR THE BUSINESS CASE...............................1
ANALYSIS OF THE SITUATION...........................................................................................1
POTENTIAL SOLUTIONS.......................................................................................................2
Human resource strategies and their pros and cons................................................................2
FINDINGS.................................................................................................................................3
RECOMMENDATIONS...........................................................................................................3
REFERENCES...........................................................................................................................5
HRM Strategies for Waitrose in International Markets_2

ABSTRACT
In the age of globalization, organizations are crossing their boundaries and stepping
into international markets for achieving higher growth and success. However, for gaining
opportunities of the national and international markets, the leaders of the companies are in
great need to interact with their human resource strategy in order to achieve the business
goals (Price, 2017). Considering this, the present business case will evaluate and discuss the
manner leader of Waitrose, which is an international supermarket chain of UK interact with
the Human Resource strategy in international market. The report will throw light on different
feasible HR approaches along with its advantages and disadvantages to be adopted by leaders
of Waitrose and will recommend actions for making sure that the selected strategy is
sustainable and meet their long term strategic goal.
BRIEF DISCUSSION OF THE REASON FOR THE BUSINESS CASE
Because of the globalization of the capital markets as well as organizations from the
past several years, the whole landscape of the business has been changed. Now, numerous
companies are expanding their operations in the international markets particularly those who
are facing strict competition from abroad in domestic market. Further, for the purpose of
responding to the competition in the global marketplace, companies are making use of novel
technologies for offering enhanced and low cost solutions to the clients (Alexander and
Doherty, 2018). However, due to these innovative technologies, there has been steady flow of
clients as well as competitors. Additionally, it also pressuring leaders of the organizations to
innovate and decrease costs. There are many international issues related to HRM such as
recruiting personnel in the overseas market and all these issues are pushing leaders to manage
their important assets that is human resource. Pertaining to this, the business case of Waitrose
is being taken into consideration which is also facing the same situation. Through this, the
leaders will be able to get an idea regarding the type of HR strategies to be adopted in
international market.
ANALYSIS OF THE SITUATION
Waitrose, one of the leading supermarket chain of UK was founded in the year 1908.
The company is being located in Britain and is the largest food retail business in Britain
which is employee owned. Presently, the supermarket has given employment opportunities to
more than 52000 employees and is offering different products and services throughout
England and Wales, Scotland and Northern Ireland. With the passage of time, company has
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HRM Strategies for Waitrose in International Markets_3

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