Choose any organisation of your choice and as external observer of the Essay

Choose any organisation of your choice and as external observer of the organization undertake critical analysis of the following functions and make recommendations for improvement - Essay Example Another important function of human resource department is to handle the grievances of the employees so that they can feel like they are treasured by the company and become loyal employees. Marriot International is considered to be one of the leading hotel chains and franchise providers in the world. It has over 3400 lodging properties in 70 countries around the globe. The headquarters of Marriot are at Maryland, USA and had around 137,000 employees under their name by the end of year 2009 (Marriott News Center 2009). It has sustained its position as a quality service provider and this has been possible due to its strong infrastructure. According to Marriott Management Philosophy; a successful business cannot be run if employees do not know how to manage people (Elwell n.d.). Therefore they consider good management and trained personnel to be great assets. They provide a range of services namely; hotels, airline food service, business and events food service etc. It is vital to devise an efficient HR Strategy so that the company can hire talented professionals, retain them by keeping them satisfied and make arrangements for their training and development. This helps the company to gain profits and competitive advantage in the market. An effective HR strategy is based on the following key points (Clapper 2010); Companies around the world have realized the need to merge the strategic and human resource planning activities (Ulrich 1992). Marriot believes in the amalgamation of these activities to separate themselves from the rest of the companies in the hotel industry. Such a strategy was visible when Marriot expanded their business to Hong Kong. There were already numerous organizations running successful businesses in the hotel industry therefore they knew that efficient HR strategies would have to be implemented to succeed in that region. Even hiring competent individuals was a task in its own since all of them were already working successfully for

Legal & Regulatory Regulations Essay Example | Topics and Well Written Essays - 2000 words

Legal & Regulatory Regulations - Essay Example However, the same perceived advantages of a partnership, if enjoyed without caution, lead to a loss of credibility both in the eyes of prospective employees and prospective financers. There are myriad advantages and disadvantages to both the business forms seen from any angle that may have a bearing upon the choice of business structures. However, one thing is certain that it is next to impossible to run a company without qualified professional help,- and associated costs,- if benefits are to be obtained and penalties to be avoided. The principal advantages of a company are of course, the vaunted limited liability, greater flexibility in tax planning, a greater social perception of credibility, and an ability to raise funds formally through the sale of equity shares. Partnerships that maintain detailed auditing and have themselves audited by professionals are on the same footing as start-up limited companies with respect to an external loan, - for any financier, including a bank, would want personal guarantees from the directors of a new company in order to give a loan, just as they would demand collaterals from the partners of a partnership. Further, as research has shown, there is almost no discrimination shown by banks between male and female owned businesses when it comes to a loan (Carter & Shaw 2006). The principal difference in approach is that "While female applicants are required to demonstrate evidence that they understand the nature and implications of business ownership, male applicants are required to demonstrate trustworthiness through social stability, evidenced by marriage." (Carter & Shaw, 2006, pg 65). We know our subjects' mindset is entrepreneurial, that they have started with a small business, and have put it into running with economic viability. They have set short term (expansion of premises and staff) and long-term goals (countrywide expansion), and are working only with the product with which they have gained experience. Thus, they seem to understand the nature and implications of business ownership. That they are receiving conflicting opinions from "business associates" does not rule out the possibility of having accountants or lawyers as business associates. The abundance of contested litigation in the country is proof enough that professionals quite often, and with regularity, hold differing opinions upon the same issues. Thus, what remains is to assess the non-financial capital of Peggy and Nancy before choosing the business structure appropriate to their situation and for their needs. Their cast is of typical woman entrepreneurs (Carter & Shaw, 2006) as their choice bu siness of a fruit juice bar and choice of structure as a partnership shows a low level of overall capitalization at start-up. including low requirements for (a) start-up and ongoing funding (financial capital); (b) attributes and skills (human capital); (c) tangible assets including facilities and equipment (physical capital); (d) organizational relationships, structures, routines, culture and knowledge (organizational capital); (e) technological knowledge or process based skills and experience (technological capital); and (f) relationships and network, social, professional, political, etc. (social capital). Their business is dependent upon personal clients rather than corporate clients, and they have no previous