Table of Contents
1.1 Critically evaluate the key internal and external environmental forces impacting organizations.
1.2 Analyze the changing nature of HRM in response to environmental forces.
1.3 Carry out a stakeholder analysis and environmental audit for a selected organization.
1.4 Evaluate the role of HR professionals in strategic planning.
1.5 Evaluate the role of the HR function in the above-identified organizational contexts in achieving set goals and objectives.
This paper is divided into two parts. In the first part, it discusses and evaluates contemporary human resource management in terms of Apple business. This part identifies, evaluates, and assesses the impact of changes in the global environment on Apple business and their HR strategies, policies, and practices. This part also identifies a range of different organizational contexts and carries out stakeholder analysis and environmental audit, explaining the role of HR professionals in formulating and implementing strategies for Apple. The second part discusses and evaluates resourcing, talent management, and development in the case of apple business.
This part critically evaluates the nature of leadership theories and their contribution to organizational strategy and goals, with particular reference to the contribution of HR leadership strategies in Apple for the management of change. Then, this formulates and critically evaluate ethical strategies for HRM and HRD in selected organizations and explains the changing role of the HR function as based on these organizations. This part also analyze own personal development needs and learning styles, plan own development program over at least 6 months, reflect on and evaluate evidence of own development
Apple Inc is one of the leading global technology companies founded by Steve Jobs in 1976 in the US (Apple Inc, 2015). Apple operates in most countries over the world and serves millions of customers every week online and offline by the support of about 115,000 devoted and dedicated workforces. The key products of Apple are computer software, consumer electronics, online services, iPhone, tablet computer, iPad, Apple Watch, Mac personal computer, iPod portable media player (Apple Inc, 2015). Apple has been the world’s biggest IT Company by total assets and revenue and third by the mobile phone manufacturer. In 2015, the total revenue of Apple Inc has been $233 billion. In addition, it has enjoyed brand loyalty with improved brand equity worth $118.9 billion (Elliott, 2014).
1.1 Critically evaluate the key internal and external environmental forces impacting organizations
Three particular models- PESTLE Analysis, Porter Five Forces Analysis, SWOT Analysis – are applied to assess the internal and external environment of Apple Inc.
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PESTLE refers to political, economic, social, technological, legal, and environmental factors. This tool is applied to analyze the business’s external environment (Kotler et al., 2012).
PESTLE Analysis for Apple Inc
|Theory||Impacted sector||Analysis of Apple’s situations||Opportunity/Threats|
These forces are those which come from government bodies or a country’s political circumstances
|Sales and profits||Apple is facing several challenges that come from governments and political issues in different nations.||Threats|
These factors are those which are economy-related such as GDP, inflation as well as deflation, etc
|Sales and profit||Volatile currency rates and fiscal and monetary policies, inflations and GDP variations impact on Apple’s strategic decisions.||Threats|
Social factors are related to the local people, community and society where the businesses operate.
|The social structures and demographic characters are changing frequently.||Threats|
Technological issues are related to technologies installation and usages in business operation in comparison to competitors usages
and brand image
|The unique features and functions of Apple’s technologies have given itself sustainable competitive advantages.||Opportunity|
These issues related to customer rights from sellers about product quality, integrity, prices, or other buying and selling related issues.
and Brand image
|Apple faces several legal issues that come from local governments and legal authorities.||Threats|
These factors are related to local and global environments such as global warming, social responsibility, etc.
|Sales revenue, profit, market share, etc.||Environmental factors such as global warming, earthquakes, carbon emission, etc. impact on Apple’s strategic decisions.||Threats|
|Citation: Palmer, (2012)|
Porter’s Five Forces Analysis
The Five Forces Model was developed by a Processor of Harvard Business School, named Michael E. Porter, in 1980. This model is applied before making any strategic decision to conduct an effective analysis of business competitions. This model focuses on five particular forces: a) threat of new or potential entrants; b) bargaining power of the consumer, c) bargaining power of supplier; d) rivalry among competitors; and e) threat of substitute products (Kotler et al., 2014)……….