A study of UK MNC's and their subsidiaries

Thèmes abordés

UK, human, financial, structural, strategic, business

Résumé du document

In companies nowadays, managers are supposed to get increasing results and improve the performance of their department to help their business to grow. One of key topics is therefore how to improve the performance of a company. It appears that to be able to find this out, you have to go through a deep analysis of your firm's strengths and weaknesses in order to focus on improving the firsts and reducing the second ones, in all departments of the company. Logically, we can assume that what you can best influence is your internal resources, hence adopting the resource based approach, the philosophy of developing the firm through maximizing its internal potential (human, financial, structural, strategic...) to achieve best a sustainable strategy on the long-term. Of course, the resource that has the highest potential in the long term is people.

Your team is the most valuable resource to invest in, especially through learning, training, rewarding and all the developing tools we are going to go through. Your team is the key factor that can give you a competitive advantage and make the difference between you and your competitors, provided you manage this factor properly by developing them so they can help develop your business.

Extraits

[...] Grant, The Ressource Based Theory of Competitive Advantage, California Management Journal, vol 33, pp114- Birger Wernerfelt, A resource-based view of the firm, Strategic Management Journal pp171-180 Clutterbuck, D. (1998) Learning alliances, tapping into talent, IPG House www.oboolo.com Grenard, J. & Judge, G. (2010), Managing employment relations, 5th edition, CIPD House Rees, G. & French, R. (2010), Leading, managing and developing people, 3rd edition, the Chartered Institute of Personnel and Development Storey, J. (2001) Human resource management: A critical text, 2nd edition, London: Thomson Wilson, J. [...]

[...] How well did the group operate? We arranged a first meeting and carefully read the assignment instructions and decided on a plan in order to divide the work. The goal was to write a relevant essay concerning resource based view and to cover all the aspects of developing people and I think our essay layout allowed it. I believe there was a great synergy within the group so everything went smoothly What were you most pleased to have achieved, and what was difficult for you? [...]

[...] I am pleased that I now know what is a Resource Based View, a concept that I have never heard about before this course. I feel like I learned something new How was the group work organized and responsibilities assigned? How would you approach assigning roles and responsibilities in the future? We first met to run through the text and divide work into 4 tasks in a consensus decision making process. Tasks have been allocated to each other in accordance with our preferences and abilities. [...]

[...] If not, please explain why below: Yes I do 15 www.oboolo.com CRITICAL REVIEW Corinne ESTIVAL PGBS0154 Self Review Form- Group Assignment Student Name: Corinne Estival Student Number: 10468765 Thinking back over the last assignment (building a case for investing in management development) please make some notes about your approach and activities How did you approach the task? Were the aims / goals achieved? How well did the group operate? We did a group meeting very early in the term, as an initiation for this assignment. The aim was to run through the text and the instructions altogether, to thus share our feelings aout the assignment, our preferences, our needs to clarify things, etc. We then worked on a plan and equally divided the work into 4 tasks. [...]

[...] We went through the instructions and we splat the work so we all had a part to work on. After our first meeting, we worked on our own part and we met several times to share the work done. As we splat the work, we knew what we have to do and each member of the group did his job well What were you most pleased to have achieved, and what was difficult for you? I was pleased to be able to understand most of the concept of the core text. [...]