Managing Information and Technology: A Case Study of Halfords Plc
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This report provides an insightful knowledge of the wide concept of information technology and its impact on Halfords Plc. It includes PESTLE analysis, Porter's Five Forces Model, and recommendations for improvement.
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Managing Information and Technology
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Table of Contents INTRODUCTION................................................................................................................................3 MAIN BODY.......................................................................................................................................3 Overview of the company................................................................................................................3 Products and services offered by Halfords Plc................................................................................4 PESTLE Analysis............................................................................................................................4 Porter's Five Forces Model..............................................................................................................6 Recommendations for Improvement...............................................................................................9 CONCLUSION..................................................................................................................................10 REFERENCES...................................................................................................................................11
INTRODUCTION Information technology is determined as considering the use of technological elements and components in order to collect, store, analyse, and interpretation of information or data. For instance, IT facilitates in efficient understanding of information acquire and analysed from outside business environment to be taken into account for carrying out operations and activities in a workplace. Representatives engaged in practices and activities of IT are oriented upon various roles and responsibilities including computer support specialist, system administrator, computer network architect, etc.Halfords Plcis the leading retail business organisation in United Kingdom which deals in providing motorbike and cycling products and services. Moreover, these products and services includes electric bikes, auto-parts, servicing of vehicles, maintenance, MOT, etc. This report assessment will be comprised of insightful knowledge of the wide concept of information technology(Naicker and Mafaiti, 2019). Furthermore, it will be including various frameworks and models in order to identify and determine different factors and forces that impact upon activities and practices of Information Technology. Recommendations would be provided further in order to enhance and improvise existing business procedures as well as concerns highlighted in this report. MAIN BODY Overview of the company Halfords Plc is considered as the largest retail brand engaged in offering products and services related to motorbike and cycles within geographical boundaries of United Kingdom. For instance, respective organisation has been established in 1892, in Birmingham, by F W Rushbrooke. It has been headquartered in Redditch, Worcestershire, England. Moreover, respective company is engaged in providing employement to more than 10,000 employees carrying out operations and activities in various different workplace of company. By the year 2004, the company was listed upon London Stock Exchange. Halfords Plc operates with a aim of providing convenient support to customers with their products and services offered in the market. In addition to that, operations and activities of respective organisation are determined at serving customers with delightful experience and comfortable rides with their vehicles. Furthermore, It also contributes several values towards sustainable environment with consideration of electric vehicles to be offered to consumers. These vehicles results in enhancing sustainability in environment with minimum pollution with the use of electricity and eliminating use of fuels(Goldkind and McNutt, 2019). Therefore, Canary Wharf is considered as most flagship store of company which was opened in January, 2018.
Products and services offered by Halfords Plc The respective organisation is operating with enormous number of retail stores in various different location all around United Kingdom and Ireland. With huge workforce carrying out operations and activities of respective business organisation, customers are served with quality products and services in these retail stores and workshops. For instance, primary and foremost of these products offered by respective organisation includes electric motorbike, auto-parts, tools, accessories, push bikes, and many more. On the other hand, major services provided by company includes repair and maintenance of bikes and bicycles, fittings and repair of auto-parts, general servicing, installations of digital devices, etc. In addition to that, quality of products and service provided to customers has further facilitated in capturing a high market share with huge customer base considering their products and services at priority over other competitor brands in the market. Furthermore, all these operations and activities are organised and regulated in company's workplace in order to serve their customers with enhanced performance of their vehicles with their quality servicing and quality auto-parts(Bladergroen and Chigona, 2019). Competitors of Halfords Plc Being operating in competitive business environment, there are various competitor brands which are engaged in providing same products and services in to market. For instance, major and primary of these competitor brands include Pep Boys, Ron Skinner & Sons, Wheatcroft, Motofix, etc. Moreover, all these business organisation are engaged in automotive industry with providing products and services into consumer market for better and comfortable experience with their vehicles. All these competitor brands compete with each other in market on the basis of quality of product or service offered to their customers in market(Earl, 2018). Furthermore, being a leading business organisation among other competitors, premium quality and customer satisfaction has been taken into consideration by Halfords in carrying out their operations and activities inconsumer market. PESTLE Analysis PESTLE analysis is determined as a framework taken into consideration in order to identify and determine various external factors impacting upon operations and activities carried out in workplace of a business organisation. Furthermore, these factors are classified in several different categories which are as follows; Political Factors ï‚·Government policies towards sustainable environment:Government authoritiesare
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consistently developing and introducing various rules and regulations in order to promote sustainabilityinenvironment.Forinstance,itfacilitatesinencouragingbusiness organisations to carry out operations and practices without wasting any resources. In addition to that, Halfords Plc is engaged in manufacturing of electric vehicles in order to support government initiatives towards sustainable environment. Moreover, operations and activities in workplace of respective organisation are oriented upon optimum utilisation of resources as well as efficient completion of tasks. Therefore, this factor results in being a positive aspect for respective organisation which contributes additional values towards organisational growth and success. ï‚·Uncertainty:It is determined as changes in business environment due to involvement of various factors or aspects. For instance, change in government policies could directly influencechangesinbusinessenvironment.Beingoperatingindynamicbusiness environment, respective organisation need to focus upon various factors or aspects that resultsinimpactinguponoperationsandactivitiescarriedoutinordertoachieve organisational goals and objectives. Furthermore, uncertainty in business environment could result in being a negative aspect for Halfords Plc with introduction of new government policies(Connolly-Barker, and et. al., 2020). Technological Factors ï‚·Technology advancement:With the rapid advancement and up-gradation in technological aspects, it results in a necessity to adapt these changes in order to enhance efficiency and productivity in workplace. For instance, advanced and latest technology will facilitate in producing innovative products and services with improvisation in existing ones. In addition to that, consideration of latest technology could also contribute towards efficient completion of tasks and activities with minimising cost of production. Moreover, lacking behind in implementation of advanced technology could result in being competitive disadvantage to respectiveorganisation.Therefore,Ifrespectiveorganisationfailsinadaptationand implementation of advanced technology, it could result in being a negative aspect in carrying out operations and activities. ï‚·Mediumformarketingpractices:Technologicalaspectsfacilitatesincarryingout marketing practices in order to spread awareness for products and services offered by business organisation to their target customer in market. For instance, social media could be primarily taken into consideration by respective organisation in order to promote and advertise their offerings among customers in society. Furthermore, it will further facilitate in attracting additional as well as retaining existingcustomer base. Therefore, consideration of
social media as a medium for marketing will result in increasing overall sales of respective organisation(Betz, 2018). Porter's Five Forces Model This framework or model is taken into account in order to analyse and determine various forces among rivalry among market competitors. These forces are further determined as follows: ï‚·Threat of New Entrants: Moderate/High Asthe respective organisation is engaged in automotive industry, there is a high threat of new entrants in terms of products offered by respective company. On the other hand, there is a moderate threat of new entrants in general vehicle service provided to customers. For instance, Halfords is engaged in manufacturing of electric vehicles in order to contribute values towards sustainable environment. As a result of few competitor brands in electric vehicle manufacturing, it results in high threat of new entrants stepping into this particular industry. ï‚·Bargaining Power of Consumers: Moderate Being a leading business organisation in automotive industry, it results in providing a competitive advantage to respective organisation. For instance, quality products and services provided to customers at low cost facilitates in being a priority consideration for customers looking after general service for their vehicles or purchasing new electric vehicle. Moreover, due to availability of limited option available to customers in market, it results in moderate bargaining power of customers (Preece, 2018). ï‚·Bargaining Power of Suppliers: Low Halfords Plc, is engaged in manufacturing of electric vehicles with very competitor brands in the market. For instance, few business organisation involved in a particular industry results in low bargainingpowerofsuppliersinthatparticularindustry.Moreover,itfacilitatesrespective organisation in negotiating lower prices for purchase of inputs from these suppliers. Furthermore, lower cost of purchasing input from suppliers directly results in increasing profitability for respective company. ï‚·Threat of substitute: Moderate Though, there is a many available substitutes of products offered by Halfords in consumer market, there is a moderate threat of substitutes. For the reason being, government initiatives and influence towards sustainable environment with consideration of electric vehicles. In addition to that, it also includes prevention of use of vehicles using fuels which results in environmental pollution with release of harmful and toxic chemicals. Furthermore, these positive initiatives encourage people
towards use of electric vehicles for purpose of transportation(Rothrock, Kaplan and Van Der Oord, 2018). ï‚·Rivalry among competitors: High There is a high rivalry among competitors in automotive industry competing upon quality of products and services offered in consumer market. For instance, major competitors of company are determined as Pep Boys, Wheatcroft, Ron Skinner & Sons, etc. which are engaged in automotive industry. Moreover, all these competitive brands are operating on large scale with enormous number of business units. Therefore, it results in high rivalry among competitors operating in automotive industry. Referring to above mentioned framework, it could be determined that primary and major of these forces is determined as Threat of new entrants in automotive industry. For instance, due to presence of few competitive brands, there is a huge opportunity for entrants to step into automotive industry to serve people with electric vehicles and auto-parts. Government initiatives towards sustainable environment also contributes in attracting higher amount of customer base to business organisationengagedinthisparticularautomotiveindustry.Moreover,anothermajorforce impacting upon respective organisation is considered as low threat of substitute for products and services offered by company in consumer market. In addition to that, people are highly motivated towards consideration of electric vehicles over vehicles using fuel in order to contribute values towards sustainable environment. In order to move further, another important force impacting upon Halfords Plc is considered as low Bargaining power of buyers due to availability of limited brand offering electric vehicles in market(De, 2018). Furthermore, people have low to moderate choice of business organisation offering good quality electric vehicles. Porter's Value Chain Porter's value chain analysis is considered as management tool taken into consideration in order of analyse and determine value chain for defined or chosen business organisation. For instance,itfacilitatesinexaminingandanalysingproceduresandapproachestakeninto consideration in order to ensure profitability. These activities are further classified into two categories including Primary activities and supportive activities which are determined as follows: Primary activities These activities determined as core and primary activities and practices organised by business organisation in order to generate revenue as well as earning out of it. For instance, these activities are majorly organised and regulated in order to achieve desired organisational goals and objectives.
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ï‚·Operations:Operations is basically described as process of converting input into output with consideration of various essential requirements and machinery. For instance, operations in respective organisation includes activities and practices in order to manufacture or produce electric vehicles or auto-parts with the use of raw materials(Madon and Krishna, 2018). Moreover, these activities results in development of final product to be sold out in consumer market in order to earn revenue out of it. In addition to that, operations are primary and major activities carried out in workplace which deals with actual production or manufacturing of products offered by respective organisation in consumer market. ï‚·Service:As respective organisation is engaged in providing general vehicle service to their customer, it has been considered among primary activities. For instance, providing services to people directly results in generating revenue and profit out of it. In addition to that, these activities and practices are oriented upon maintenance and repair of vehicles of customers for better performance and experience. Furthermore, it further facilitates in retention of existing as well as attracting additional customer base for services provided by respective organisation.Therefore,generalvehicleserviceofferedbyrespectiveorganisationis considered as primary activity for the same. Supportive activities These activities are determined as supportive as they are organised and regulated in workplace in order to facilitate and support efficient completion of primary activities in workplace (Salahshour Rad, Nilashi, and Mohamed Dahlan, 2018). Furthermore, carrying out these activities does not generate revenue directly as it is engaged in improvising and enhancing completion of primary activities. ï‚·HumanResourceManagement:Thismanagementpracticedealswithmaintaining workforce in a workplace including recruitment, selection, and retention of employees in a workplace. For instance, HRM is considered as supportive activity as it is engaged in managing workforce which is further responsible for carrying out operations and activities of business organisation. Referring to respective business organisation, Human resource management facilitates in selecting and retaining skilled workforce in order to carry out operations and activities in an efficient manner. Furthermore, skilled workforce in a workforce results in development of efficient and productive working environment in a workplace. Importance of activities determined in Value Chain Activities determined Value Chain Analysis plays a crucial role in achievement of desired
organisational goals and objectives. Primary and major of these activities includes Operations, services, and Human Resource management. For instance, carrying out these activities directly or indirectly facilitates in generating revenue from the same with selling out final product or service to customers. Importance of operations lies in development of final product to be sold out into consumer market in order to accomplish aim and goal of respective organisation. Moreover, it allows respective organisation in optimum utilisation of resources as well as serving quality product to consumers in market. On the other hand, services provided by company are organised and regulated in order to serve people with quality experience and betterment of their existing vehicle. Furthermore,importanceofhumanresourcemanagementinrespectiveorganisationliesin supporting primary operations and activities(Tomašević, and et. al., 2018). Recommendations for Improvement Informationtechnologyisdeterminedasuseoftechnologicalaspectsingathering, analysing, and interpretation of information. For instance, it includes various market trends as well as consumer preferences in order to be taken into consideration for designing and developing efficient strategies. In addition to that, theses strategies and information further facilitates in improvising and enhancing current workplace scenario with consideration of essential needs and requirements of customers as well as business organisation(Khuntia and et. al., 2018). Information accumulated with the use of information technology also contributes towards business organisation with forecasting of upcoming trends and demands of people in society. For instance, these forecasted information and knowledge facilitates respective organisation in being ready to face circumstances and grab opportunities with prior preparations. In addition to that, respective organisation could also be ready with sufficient amount of products and services in order to fulfil consumer demands. Referring to respective organisation, Information technology will facilitate in gathering immense information and knowledge that supports respective company in improvisation and enhancement of current scenario and considerations. In addition to that, It includes up gradations in existingproducts, areasfor improvement inservices, opportunitiesfor betterment, etc. that facilitates in ensuring organisation growth and success. On the other hand, with the increasing demand for electric vehicles in market, information technology will further contribute in forecasting of future consumer demands in order to support respective organisation in fulfilling consumer demands. Furthermore, it will result in opportunity for company in being ready to serve customers with their quality products in an efficient manner(Sheldon, 2019). Apart from this, information technology will also contribute additional values towards
respective organisation in attaining customer satisfaction from consumption of products and services offered by company. For instance, customer preferences taken into consideration in designing and development of appropriate strategies facilitates in improvisation and enhancement of products and services according to consumer preferences. Furthermore, attaining customer satisfaction further facilitates in attracting additional as well as retaining existing customer base of respective organisation. CONCLUSION From the above report assessment, it could be concluded that Halfords Plc is a leading business organisation engaged in manufacturing of electric vehicles as well as providing general vehicles service to customers in society. In addition to that, respective organisation is facilitated with advantage of government initiatives towards consideration of electric vehicles rather than vehicles using fuels. Moreover, with wider presence in United Kingdom, respective organisation is able to attract higher amount of customer base towards products and services offered in consumer market. Furthermore, company operates with major primary activities including operations and services in order to earn revenue out of it as well as supportive activities such as Human resource management which further supports in completion of primary activities of business organisation. Due to few option available to consumers in purchasing electric vehicles in market, Halfords Plc is currently facing high threat of new entrants in automotive industry as well as low bargaining power of customers. Information technology results in contributing additional efforts towards achievement of organisational goals and objectives.
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