Business Strategy Assignment (ANSWERED)

QUESTION

Overview

A company must have leadership strategies in place for HR. Assume your company is holding a leadership training workshop in which you will share leadership strategies with your new HR employees.
Instructions
Using the Leadership Strategies for HR Template [DOCX], write a 2–3-page paper in which you answer the following questions:

Define business strategy and why is it important.

Explain why the HRM function is important to employee management and labor relations.

Explain one leadership strategies that HR will use for each of the following:

conflict management
communication improvement
employee motivation
behavior improvement.
Provide a rationale for your choices.

Discuss how you plan to measure the effectiveness of each leadership strategy.

Describe the critical skills for leading change.

Use at least three quality resources in this assignment. Note: Wikipedia and similar Websites do not qualify as quality resources.

ANSWER

Business Strategy

A company’s strategies and tactics must be outlined in your business plan, which is a potent instrument for assisting you in achieving your objectives. The business strategy influences your decision-making, including recruiting new personnel (Jeronimo et al., 2020). It takes time and development to build a business plan that is consistent with the vision you have for your firm. To assist you in coming up with ideas for your firm, we’ll cover ten examples of business strategies in this article, along with information on what a business strategy is and why it’s crucial. Not every company immediately gets it properly. All organizations have inherent flaws for a variety of reasons. A business plan aims to address these flaws so that businesses don’t stumble and bear an undue burden from them. Strategies consider these potential dangers and assist in creating solutions on how to get over these barriers. Below are some of the leading importance of business strategy;

Guide– A well-stated business strategy will provide direction on how your company is doing inside. Additionally, consider how you are doing in comparison to your rivals and what you need to do going forward to be relevant.
Trends– Future trends and opportunities can be found using a business strategy. It can analyze more general market changes like those brought on by political, social, or technical advancements, as well as customer shifts and design strategies to help your company adapt to these changes in the future.
Vision– A company plan gives the entire organization an idea and a course to follow. All employees inside a corporation must have distinct objectives and adhere to the organization’s direction or mission. This vision may be provided by a strategy that keeps people from losing sight of their organization’s goals.
Competitive Advantage– Last but not least, by developing a business strategy, a firm may get a competitive edge and eventually learn more about who they are and where they are heading.

Explain why the HRM function is essential to employee management and labor relations.

HRM makes sure an organization runs efficiently. The process begins with developing the appropriate policies in line with the demands of the position and concludes with assuring the company’s successful commercial expansion (Muqqadim & Hosain, 2020). HRM is an unseen force connecting all organizational components to maintain seamless advancement.

Employee Management– Human resource management may be crucial when creating enduring connections among employees. They can organize events that let workers collaborate with supervisors and one another. Also, finding the best candidates for interview and selection is assisted by an HRM. HR’s responsibility should be to see to it that new hires are equipped with the knowledge and abilities required by the organization to carry out their duties effectively. It increases the workforce’s general effectiveness and productivity, benefiting the company’s bottom line. HRM is essential in preparing workers for increased duties and responsibilities, which promotes workers’ overall professional growth. And a healthy organization offers its people plenty of opportunities for growth and development.
Labor Relations- Cordial labor relations are crucial to sustaining harmonious connections amongst employees in the workplace. At work, many people collaborate to achieve a common goal. However, each person has unique traits that set them apart. It is, therefore, common to have a communication gap between two employees. Such actions might damage the company’s labor relations if they go unchecked. An HR department must provide the correct labor relations rules, laws, and policies. The workers will have a suitable framework to work within in this manner. Therefore, there will be a friendly and pleasant work atmosphere because every worker will know the rules.

Leadership Strategies the HR uses

Conflict management– the most suitable strategy an HR can use in conflict management is maintaining boundaries. A leader must help and encourage people to respect limits. The leader also has to be self-aware enough to avoid stepping beyond boundaries. Setting up rules to stop new conflicts will be made easier with a constant awareness of limits. Maintaining boundaries as a way of conflict management can be measured by observing employee attitudes and actions.
Communication improvement– the best strategy here would be to encourage face-to-face communication. HR will gain by speaking to their staff face-to-face rather than typing if fostering trust among them is a priority for the business (Neill, 2018). Face-to-face communication can be measured through monitoring employee engagement and feedback. Through feedback, an organization can determine whether or not face-to-face communications work.
Employee motivation– the most suitable strategy would be using praise and rewards. Employees will feel valued and appreciated and knew their job is not going unnoticed if they are thanked for their efforts. Usually, this can be measured through employee retention.
Behavior improvement– for behavior improvement, the most suitable strategy would be feedback. Any endeavor to change employee behavior needs feedback. Without feedback, employees are unable to recognize when their actions are inappropriate. In the feedback loop, managers and coaches all have a crucial role to play. Feedback can be measured through smileys within the company websites.

References

Jerónimo, H. M., Henriques, P. L., de Lacerda, T. C., da Silva, F. P., & Vieira, P. R. (2020). Going green and sustainable: The influence of green HR practices on the organizational rationale for sustainability. Journal of Business Research, 112, 413-421. https://www.sciencedirect.com/science/article/abs/pii/S014829631930712X

Muqaddim, N., & Hosain, M. S. (2021). E-HRM practices and operational efficiency: Evidence from Bangladeshi garment industry. Asian Journal of Economics, Business and Accounting, 21(4), 80-95. https://www.researchgate.net/profile/Md-Hosain-4/publication/350589381_E-HRM_Practices_and_Operational_Efficiency_Evidence_from_Bangladeshi_Garment_Industry/links/6067442a458515614d2e3246/E-HRM-Practices-and-Operational-Efficiency-Evidence-from-Bangladeshi-Garment-Industry.pdf

Neill, M. S. (2018). Change management communication: Barriers, strategies & messaging. Public Relations Journal, 12(1), 1-26. https://www.researchgate.net/profile/Marlene-Neill/publication/327057178_Change_Management_Communication_Barriers_Strategies_Messaging/links/5b757e2845851546c909dc07/Change-Management-Communication-Barriers-Strategies-Messaging.pdf