Strategic Resource Management

by | Oct 28, 2021 | Homework Help

Submit a 2000 words paper on the topic Strategic Resource Management. Consequently, it has become vital for the corporation to implement effective change management within the organization and expand saturated home-based market segments. The paper is based on presenting the objective of the inbound chief executive to the existing supervision team to nullify the cause of revealed weaknesses. Furthermore, the paper would focus on assessing the impact of the situation on the workforce. The recommended management style is crucial to execute change management within the departmental store based on the apparel division. The primary task of the paper is to focus on the execution of the SWOT analysis tool. Moreover, the tool is used for analysis and audit of the complete strategic and calculated situation of the organization. The key purpose for the implementation of SWOT analysis is to create bet alignment for the capabilities and resources of the organization. Furthermore, this would benefit to create a firm detailed and precise business model. The information that is provided by SWOT analysis helps to synchronize the capabilities and resources of the firm. The four pivotal factors of SWOT analysis are strengths, weaknesses, opportunities, and threats. The internal factors of the tool are strengths and weaknesses. The current new management team has been asked by the chief executive to reflect upon the issues and provide the best possible internal factor solution to nullify the concern (Bass, 2010, pp. 19-31). The prime beneficiary factor for successful apparel retail brands like Zara and Hennes and Mauritz is flawless combination of chic and high-end clothing at a reasonable pricing strategy (Bass and Avolio, 2004, p.12). The mission and vision statement of some of the successful clothing brands such as Zara is to create a sustainable development that effectively contributed to the environment and society. The long term aim of these international brands is to create an environmentally friendly company (Avolio, Walumbra and Weber, 2009, pp.

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