Organization Capabilities and HR's Role in Supporting Strategies - Desklib
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This report examines the strategic capabilities of Victoria Supermarket and corresponding corporate strategies. It also discusses the role of HR in supporting the capabilities and strategies.
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Organization Capabilities
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Table of Contents INTRODUCTION...........................................................................................................................1 MAIN BODY...................................................................................................................................1 Organizations strategic capabilities........................................................................................1 Corresponding corporate strategies........................................................................................2 Discuss HR’s role in supporting the capabilities and strategies.............................................3 CONCLUSION................................................................................................................................5 REFERENCES................................................................................................................................6 Books and Journals.................................................................................................................6
INTRODUCTION Organisational capabilitiesintangible, strategic assetsthat helps a company to carry on the work, execute the business strategies and satisfy the needs and wants of customers in effective manner. It is necessary for every company to work on their capabilities so that they are able to attain the goals and objectives effectively (Chan & Muthuveloo, (2020)). Human Resource of company plays a major role in managing the organisational strategic capabilities and forming the strategiesaccordingly.ThisreportisbasedonVictoriaSupermarket.Thecompanywas established in 2019 and has its headquarters in Canada(About Victoria Supermarket, 2022).The strategic capabilities of the organisation are being examined in this report. The corporate strategies are also mentioned so that the company is able to work according to their strategic capabilities. The role of HR in supporting the strategies and capabilities is important part of this report. MAIN BODY Organizations strategic capabilities Strategic capability is the capability of the business enterprise to use all its skills, resources and capabilities in effective manner to gain competitive lead. It helps the company to create its value over time and survive in the market effectively. The various strategic capabilities of Victoria Supermarket are as follows: Leadership performance:The leader of Victoria Supermarket works effectively and analyse the situation of their employees. They regularly interact with the employees and provide them training to manage the working (Srour, Shefer,& Carmeli, A (2022). It is necessary to provide proper direction to the employees so that they are able to manage the working. The leader of Victoria Supermarket follows democratic style that helps them to attain the organisational goals and objectives effectively. This is necessary for enhances performance of their employees and carrying the work in appropriate manner. The employees are involved in decision making that assists in taking best decisions for the company and they are creative in nature( Urrutia-Badillo, Lopez-Cabrales & Cabrera (2018). Strategic unity:The company works continuously to formulate their strategies and implement them in effective manner. The role of employees is being recognised by the 1
organisation in order to support the strategy. In Victoria Supermarket the employees are heard so that there is better decision making being done. Innovation: There is need of delivering new products and services on regular basis so that the customers are satisfied. It becomes important for Victoria Supermarket to manage the working effectively and provide better services to the customers. They add new ideas to sell their products and services so that customers are able to manage their working (Dosi and et.al, (2018). Corresponding corporate strategies In context to organizations, the corporate strategy is basically a long-term plan that helps in outlining the company and its clear goals and objectives. There might be situations when the goal or objective could be different but eventually the main objective of the corporate strategy is to improve the company’s operations. In case of a organization’s corporate strategy, it may be to focus on leadership, sales and growth. In Context to Victoria Supermarket, it is very important for the managers to consider thatin which manner the competitive advantage has been gained within the company's business line where it operates but also also the business should take place on the priority basis.It generally comprises of divestment decisions and investment decisions which are usually made by the top level managers. In relation to corporate strategy, Mergers and Acquisitions are considered to be a very important part. Suchtype of master plan is important when the company works in more than two areas of business by the dissimilar units of business with dissimilar level of strategies of business(Reegård, Drøivoldsmo & Farbrot(2020, July). In context to Components,there are various corporate strategy components where leader of the organisation have to focus upon. The key corporate strategy tasksinvolve the following: Resources Allocation :In context to organization, a firm should focus on main factors capital and people. For the purpose to maximize the value of the company, it is important that the leaders have to find out that in which manner to allocate the resources to the different units of business. Organizational Design:It basically involves ensuring the organization has the necessary related systems and corporate structure in place for the purpose to create the maximum amount of value. 2
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The important key factors in organizational design involve head office and organizational structure (Saunila, Ukko & Rantala (2021). Portfolio Management:In reference to the organization, portfolio management basically looks at the way business units complement each other. It generally comprises ofmonitoring the competitivelandscape,creatingstrategicoptionsthroughseedingnewopportunitiesand managing risk through diversification (Annunziata, Pucci, Frey & Zanni(2018). In reference to companies,strategy of corporate is very different from the strategy of business which has focus towards the how to return and manage across the organisation.For leaders it is very important for the leaders to be responsible for strategic decision making considering the factors such as portfolio management, allocation of resources, strategic tradeoffs and organizational design. Discuss HR’s role in supporting the capabilities and strategies. Strategic HRM gives a framework for development practices and link of people management for long term outcomes and goals.It has focus towards the resources issues of long term nature in terms of organisational goals and the nature of work which has been involved. HR can easily drive business results and lead an organization. When it comes to HR, one of the most important methods to support the business objectives is by ensuring and assessing that the employees are ready for the change and growth. With reference to Victoria Supermarket, the HR leaders playsa very significant role by values of modelling of organization in their own behaviour or actions.The talent and people needs of the strategy of organisation are basically possessed by the business leaders and managers but the professionals of HR could stablish the requirements of people and also make sure that the company is mainly established for purpose of executing those needs.When it comes to supporting the strategies and capabilities, HR plays a very significant role in the organizations. 3
Whenever there is a business initiative and major change,Human resourceplays a very important rolein management of change.Forinstance,the organization is planning to introduce new software, the HR can play a great role in providing insights into how well the new program will be received. Reduce Costs:In context to HR professionals, theycan provide intuition that in which manner to reduce the cost of work force managementand also identifies the savings opportunities.With the support of these analytics, it can help the company in maximizing the influence of their investment. Engaging and Monitoring:In reference to companies, they are quickly realizing the need to improve employee engagement acrossthe globe. HR managers play a very important role in critically aligning the employee training with the company’s objectives to create effective business strategies. HR leaders could lead to the company for the purpose to achieve success. 4
CONCLUSION From the above report, it can be concluded that human resource plays a very important role in manage the overall working of the company. In addition to that it is very important for the HR managers to implement the right type of strategies and organizational capabilities in order to achieve success. Furthermore, it helps in brief understanding about the importance of strategies and organizational capabilities and how HR plays a important role in analysing these capabilities. Moreover, the above report helps in analysing companies capabilities and how these contributes towards the overall success of the company. In addition to that, it helps in gaining a better understanding about the role of HR in implementing the strategies in a successful way. Also it helps in understanding how the organizational capabilities and corresponding capabilities play a effective role. The above report not only helps in understanding the significance of HR manager but also helps in better knowledge about how they support the objectives of the company by the providing qualified Individuals in order to carry out the operations of the company in a effective manner. Without the role of HR, it is impossible to design the strategies for organization into effective and efficient manner. It has been observed at the organizational level, it is important to design strategies in such a manner that it fulfil the requirements of corporate level. 5
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REFERENCES Books and Journals Annunziata, E., Pucci, T., Frey, M., & Zanni, L. (2018). The role of organizational capabilities in attaining corporate sustainability practices and economic performance: Evidence from Italian wine industry.Journal of cleaner production,171, 1300-1311. Dosi, G., Faillo, M., Manara, V. C., Marengo, L., & Moschella, D. (2018). The Formalization of OrganizationalCapabilitiesandLearning:ResultsandChallenges.InTheOxford Handbook of Dynamic Capabilities(pp. 1-29). Oxford University Press. Kumar, D., Teja, V. S., Manoram, R. B., Shrama, P., Yadav, K. D., & Rajamurugan, T. V. Implementation of BIM to Improve Organizational Capabilities. Reegård, K., Drøivoldsmo, A., & Farbrot, J. E. (2020, July). Defining organizational capabilities in an electric power distribution grid operator to meet future demands. InInternational Conference on Applied Human Factors and Ergonomics(pp. 462-469). Springer, Cham. Saunila, M., Ukko, J., & Rantala, T. (2021). Building Sustainable Innovation Through Changes in EmployeeBehavior andOrganizationalCapabilities.InFrugal Innovationand Its Implementation(pp. 233-245). Springer, Cham. Srour, Y., Shefer, N., & Carmeli, A. (2022). Positive Chair-CEO work relationships: Micro- relational foundations of organizational capabilities.Long Range Planning,55(3), 102124. Urrutia-Badillo, Y., Lopez-Cabrales, A., & Cabrera, R. V. (2018). A multidimensional approach to the content of human capital: Dimensions, emergence process and organizational capabilities.ManagementResearch:JournaloftheIberoamericanAcademyof Management. 6