International Business: HR Merger Plan for Hotel Integration

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Added on  2021/12/22

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This report outlines an implementation plan for the merger of Eagles Nest hotel with Lapland Riekonlinna hotel in Finland, focusing on the impact on the human resources department. The plan details the challenges, including employee concerns, resource allocation, and organizational restructuring. It includes a time plan spanning 206 days, covering project initiation, organizational structure development, human resource strategies, and plan evaluation. The report identifies key milestones and dependencies, along with a risk plan addressing potential delays and scope creep. Resource requirements are quantified, and the report concludes with references and an appendix detailing resource allocation. The merger aims to leverage global growth opportunities in Northern Europe, with a payback period of 5 years and 3 months.
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Running head: INTERNATIONAL BUSINESS
International Business
Name of the student
Name of the university
Author note
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1INTERNATIONAL BUSINESS
Table of Contents
Overview..........................................................................................................................................2
Impact on your department..............................................................................................................2
Time plan.........................................................................................................................................3
Links and dependencies...................................................................................................................5
Milestone.........................................................................................................................................6
Risk Plan..........................................................................................................................................7
Resource requirements...................................................................................................................11
References......................................................................................................................................12
Appendix........................................................................................................................................13
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2INTERNATIONAL BUSINESS
Overview
This report has developed an implementation plan for merger of two hotels. Eagles Nest
wants to tap into the global growth opportunities in northern Europe. A joint venture or a merger
is one of the most effective strategies for entering into the foreign market. The company has
aimed to merge with Lapland Riekonlinna hotel in Finland and as per the cost benefit analysis it
is one of the most valuable options for the company for entering into foreign market. The
occupancy of Lapland Riekonlinna hotel is one of the highest in the region as per the given
statistics. The break even analysis suggest that the payback period for the investment plan is 5
years and 3 months which means that the project is quite viable. However, merger of two
industry giants will affect the internal departments of each of the companies as they need to
incorporate changes in order to develop organization structure by amalgamating the
characteristics of both the hotels. In this scenario, the marketing department has been considered
and the implementation plan has been developed in respect to the human resource department.
Impact on Human resource department
The merger of both the hotels will have great impact on the workforce and the
organizational culture. Human resource has one of the key roles to play during the execution of
the project. The human resource plays a crucial role in creating synergy in the merged workforce
and develops effective benefit and compensation policies for the new employees. In terms of the
project, the main role of the human resource department is to provide skilled workforce for
completing different aspect of the project. The major challenges that the human resource
department will face are as follows:
ï‚· Dealing with the concerns of the employees during the merger
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3INTERNATIONAL BUSINESS
ï‚· Providing adequate resource for successful project completion
ï‚· Changing the organizational structure and culture
ï‚· Develop new employee benefit and compensation schemes
Time plan
Task Name Duration Start Finish
Implementation plan 206 days Tue 04-12-18 Tue 17-09-19
1.0 Project initiation 58 days Tue 04-12-18 Thu 21-02-19
1.1 Develop the new HR team 10 days Tue 04-12-18 Mon 17-12-18
1.2 Examine both the
organizations to develop suitable
HR strategies
30 days Tue 18-12-18 Mon 28-01-19
1.3 Stakeholders meeting 5 days Tue 29-01-19 Mon 04-02-19
1.4 Make changes if needed 5 days Tue 05-02-19 Mon 11-02-19
1.5 Documentation of the plan 7 days Tue 12-02-19 Wed 20-02-19
1.6 Deploy plan 1 day Thu 21-02-19 Thu 21-02-19
1.7 Milestone 1: Project initiated 0 days Thu 21-02-19 Thu 21-02-19
2.0 New Organizational
structure development
69 days Fri 22-02-19 Wed 29-05-19
2.1 Incorporating core structure 25 days Fri 22-02-19 Thu 28-03-19
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4INTERNATIONAL BUSINESS
from both the companies
2.2 Developing the new structure 30 days Fri 29-03-19 Thu 09-05-19
2.3 Stakeholder review 7 days Fri 10-05-19 Mon 20-05-19
2.4 Make changes if necessary 7 days Tue 21-05-19 Wed 29-05-19
2.5 Milestone 2: New
organizational structure
developed
0 days Wed 29-05-19 Wed 29-05-19
3.0 Human resource strategies 44 days Thu 30-05-19 Tue 30-07-19
3.1 Developing new employee
benefit policies
44 days Thu 30-05-19 Tue 30-07-19
3.1.1 Examine the employee
benefit policies for both the
companies
7 days Thu 30-05-19 Fri 07-06-19
3.1.2 Amalgamate and develop
new policies
15 days Mon 10-06-19 Fri 28-06-19
3.1.3 Stakeholder review 12 days Mon 01-07-19 Tue 16-07-19
3.1.4 Finalise and document the
strategy
10 days Wed 17-07-19 Tue 30-07-19
3.2 Develop effective resource 20 days Thu 30-05-19 Wed 26-06-19
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5INTERNATIONAL BUSINESS
allocation strategies
3.2.1 Examine the deadline of the
project and the resource needs of
each department
5 days Thu 30-05-19 Wed 05-06-19
3.2.2 Stakeholder approval 10 days Thu 06-06-19 Wed 19-06-19
3.2.3 resource allocation 5 days Thu 20-06-19 Wed 26-06-19
3.3Develop online HR
information System
10 days Thu 27-06-19 Wed 10-07-19
3.4 Stakeholder response 7 days Thu 11-07-19 Fri 19-07-19
3.5 Make changes if necessary 3 days Mon 22-07-19 Wed 24-07-19
3.6 Milestone 3: Human resource
strategies developed
0 days Wed 24-07-19 Wed 24-07-19
4.0 Human resource plan
evaluation
39 days Thu 25-07-19 Tue 17-09-19
4.1 Implement the activities 7 days Thu 25-07-19 Fri 02-08-19
4.2 Check for responses from
employees
10 days Mon 05-08-19 Fri 16-08-19
4.3 Evaluate the drawbacks of
the plan
7 days Mon 19-08-19 Tue 27-08-19
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4.4 Make changes 5 days Wed 28-08-19 Tue 03-09-19
4.5 Implement the changes 10 days Wed 04-09-19 Tue 17-09-19
4.6 Milestone 4: Marketing plan
evaluated
0 days Tue 17-09-19 Tue 17-09-19
Table 1: Time plan
(Source: As created by author)
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Links and dependencies
The links and dependencies are based on the resource and the workforce required for
successful completion of the project. The below mentioned resources play a crucial role in each
of the stages of the project.
Resource Name Max. Units Std. Rate
Project Board 100% $250.00/hr
Project Manager 100% $150.00/hr
Human resource Manager 100% $120.00/hr
Research analyst 100% $100.00/hr
Web Designer 100% $75.00/hr
Human resource team 500% $100.00/hr
Milestone
The project milestone consists of tasks that have zero time allocated to them but signifies
completion of an important phase in the project (Harrison and Lock 2017). Project management
also facilitates in identifying the effective progress of the report when the task familiarity is low.
The milestone in the current project are as follows:
Task Name Duration Start Finish
Implementation plan 206 days Tue 04-12-18 Tue 17-09-19
1.7 Milestone 1: Project initiated 0 days Thu 21-02-19 Thu 21-02-19
2.5 Milestone 2: New
organizational structure
developed
0 days Wed 29-05-19 Wed 29-05-19
3.6 Milestone 3: Human resource 0 days Wed 24-07-19 Wed 24-07-19
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strategies developed
4.6 Milestone 4: Marketing plan
evaluated
0 days Tue 17-09-19 Tue 17-09-19
Table 2: Milestone
(Source: As created by author)
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10INTERNATIONAL BUSINESS
Risk Plan
Type of
risk
Risk
Description
Probability Impact Risk reduction
Strategy
Contingency
Plan
High Medium Low Performance Cost Time
Internal Delay in
project
communication
Yes Yes Communicating with
other departments and
stakeholders at regular
intervals
Communication
plan
Internal Scope creep Yes Yes Yes Yes Evaluate the project
activities at regular
intervals
Keep buffer
time at all
stages to
accommodate
any change.
Table 3: Risk plan
(Source: Hopkinson 2017)
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11INTERNATIONAL BUSINESS
Resource requirements
The table below represents the cost of resources in the project and shows the cost
incurred by the company on the below mentioned resources (Sousa and Carvalho 2018). The
table describes the total working time for the project members throughout the project along with
the total cost.
Task Name Resource Names Cost
Implementation plan $446,960.00
1.0 Project initiation $102,800.00
1.1 Develop the new HR team
Human resource Manager,
Project Manager
$21,600.00
1.2 Examine both the organizations
to develop suitable HR strategies
Human resource Manager,
Human resource team
$52,800.00
1.3 Stakeholders meeting Project Board ,Project Manager $16,000.00
1.4 Make changes if needed Project Manager $6,000.00
1.5 Documentation of the plan Human resource team $5,600.00
1.6 Deploy plan Human resource team $800.00
1.7 Milestone 1: Project initiated $0.00
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2.0 New Organizational structure
development
$124,800.00
2.1 Incorporating core structure
from both the companies
Human resource Manager,
Human resource team
$44,000.00
2.2 Developing the new structure
Human resource Manager,
Research analyst
$52,800.00
2.3 Stakeholder review Project Board ,Project Manager $22,400.00
2.4 Make changes if necessary Human resource team $5,600.00
2.5 Milestone 2: New
organizational structure developed
$0.00
3.0 Human resource strategies $155,120.00
3.1 Developing new employee
benefit policies
$97,120.00
3.1.1 Examine the employee
benefit policies for both the
companies
Human resource team $5,600.00
3.1.2 Amalgamate and develop
new policies
Human resource team $12,000.00
3.1.3 Stakeholder review Human resource Manager, $49,920.00
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13INTERNATIONAL BUSINESS
Project Board ,Project Manager
3.1.4 Finalise and document the
strategy
Human resource team ,Human
resource Manager, Project
Manager
$29,600.00
3.2 Develop effective resource
allocation strategies
$35,600.00
3.2.1 Examine the deadline of the
project and the resource needs of
each department
Human resource Manager,
Project Manager
$10,800.00
3.2.2 Stakeholder approval Project Board $20,000.00
3.2.3 resource allocation Human resource Manager $4,800.00
3.3Develop online HR information
System
Web Designer $6,000.00
3.4 Stakeholder response Project Board $14,000.00
3.5 Make changes if necessary Human resource team $2,400.00
3.6 Milestone 3: Human resource
strategies developed
$0.00
4.0 Human resource plan
evaluation
$64,240.00
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4.1 Implement the activities
Human resource Manager,
Project Manager
$15,120.00
4.2 Check for responses from
employees
Human resource team $8,000.00
4.3 Evaluate the drawbacks of the
plan
Human resource Manager,
Project Manager, Research
analyst
$20,720.00
4.4 Make changes
Human resource Manager,
Project Manager
$10,800.00
4.5 Implement the changes Human resource Manager $9,600.00
4.6 Milestone 4: Marketing plan
evaluated
$0.00
Table 4: Resource Cost
(Source: As created by author)
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