Human Resources Management: A Case Study Analysis of TULIP
Verified
Added on 2023/06/11
|13
|1197
|368
AI Summary
This presentation provides a case study analysis of TULIP, an online clothing retailer based in the UK, with a focus on HRM. It includes STEEPLE and SWOT analysis, problem identification, impact on business plans, and management level decision-making.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
HUMAN RESOURCE MANAGEMENT
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
TABLE OF CONTENTS INTRODUCTION STEEPLE analysis SWOT analysis Problem identification and their impact over current and future business plans How might the context affect the way management level problems/issues are considered and decisions made? Conclusion References
INTRODUCTION HRMorHumanResourceManagementcanbedescribedasan approach towards people management within the organization in an efficient and effective manner, so competitive advantage can be gained by business. The aim of this strategic approach is to obtain higher performance from employees for the attainment of organizational objectives. The presentation is based on case study analysis with reference to TULIP, an online clothing retailer based in United Kingdom. The analysis will revolve around nature and context of problems faced by business, the reason of their being a problem for business and how it might affect the future plans of the business, the level of management in considering and making decisions with regard to identified problems and issues.
STEEPLE Analysis STEEPLE analysis is a tool used by companies in order to determine the certain factors which affects the business operations in an organization. The same with respect to TULIP has been explained below: Social factors The market trends that exist in the market plays a powerful role in leading the company towards the organizational success. Technological factors TULIP clothing store is a retail brand which do not serve its customers with physical outlets. Environmental factors In current times, it has been observed that the consumers are aware of the environmental conditions and the harmful impacts of conducting business activities on the environment. Economic factors Economic factors such as tax rate, demand and supply, labour, inflation, wages affect the functioning and business operations of TULIP clothing store.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Continued Political factors Since, the TULIP clothing is a UK based brand and all of its suppliers are also based in United Kingdom, there are certain political factors which affects the business operations of TULIP. Legal factors There are certain legal factors which affects the functioning of the business of TULIP. Ethical factors In order to operate the business ethically, it is important for TULIP to maintain transparency within its business operations
SWOT analysis Strengths Strong customer base in United Kingdom. Provides the customers with affordable products. Serves its clients with trendy, fashionable and unique products. Weaknesses Hard to retain the existing workforce because of low wages. Opportunities The TULIP has the opportunity to target new market by using the strategy of customer segmentation. Threats There certain brands which can increase the level of competitiveness for the TULIP
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Identification of problems / issues for the business and their impact over business current/future plans Certain problems or issues that TULIP is facing as follows: The internal problem identified within the business is that only senior management are getting bonuses regardless of the business performance and none of the other employees are getting anything in terms of bonuses of higher pay. As the business is based locally within UK only, Tulip has undermined the proposaltosetupcallcentreatoverseaslocations.Tulipisnot considering the views of other shareholders that is, Fiona and George. This indicates that decisions are taken on the wish and desires of an individual and others opinions are never taken into account. In case of TULIP, the same condition do not proved to be true as the management of the call centre comprises those known to the senior management of TULIP and this is a big issue for the sustainability of this division and overall business of the TULIP.
CONT. There were no formal or informal channel of communication or consultation with the staff. The business is suffering from financial and budgetary issues in terms of providing for training and development which is necessary at the time of business expansion. This problem has occurred because of investment made in call centre and budget set out for expansion.
How might the context affect the way management level problems/issues are considered and decisions made? The TULIP needs to initiate programmes for the benefit of the lower level management which motivates them to work hard and stay connected with the organization. TULIP needs to hire experienced and well educated professional for the higher positionsandauthoritywithintheorganizationinordertoimprovethe managerial decision making process of the company. Currently, the company has to incur extra cost with respect to the training and development of employees as the current employees do not want to work with the company because of the low wages.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
CONCLUSION From the above present includes STEEPLE as well as SWOT analysis for the purpose of identifying the key issue related to the management of TULIP. It has been identified with the help SWOT analysis that the company faces problems with internal management such as retaining the existing workforce, increased cost of training and development cost and a number of customers are in line with the company to cancel the membership and also faces consumer complaints.
REFERENCES Benzaghta, M.A., Elwalda, A., Mousa, M.M., Erkan, I. and Rahman, M., 2021. SWOT analysis applications: An integrative literature review.Journal of Global Business Insights. 6(1). pp.55-73. Fosher, H., 2018.Understanding the Marketing and Management of trails using PESTEL Analysis (Doctoral dissertation, University of New Hampshire). Kairuz, A.R.P., Ruiz, D.V.P., Pita, G.F.V. and Mena, F.S.B., 2020. PESTEL analysis of environment state responsibility in Ecuador.Neutrosophic Sets and Systems. 34. pp.70-78. Puyt, R., Lie, F.B., De Graaf, F.J. and Wilderom, C.P., 2020. Origins of SWOT analysis. InAcademy of Management Proceedings (Vol. 2020, No. 1, p. 17416). Briarcliff Manor, NY 10510: Academy of Management. Vlados, C., 2019. On a correlative and evolutionary SWOT analysis.Journal of Strategy and Management. Cantele, S., 2018. Human resources management in responsible small businesses: why, how and for what?.International Journal of Human Resources Development and Management,18(1-2), pp.112-126. Taib, N. M., Saludin, M. N. and Hanafi, W. N. W., 2018. The effects of human resources management (HRM) practices on employee performance with the mediating role of employee engagement.Selangor Business Review, pp.46-60.