Miracles happen once in a while… and due to the funding of a generous donor, who
ID: 336763 • Letter: M
Question
Miracles happen once in a while… and due to the funding of a generous donor, who is asking for nothing in return, you are finally able to open your dream business. Congratulations! The funding provided by this donor exceeds five million dollars and covers the expenses of three full-time employees and two part-time employees for five years each.
As a well-educated and conscious business owner, you have already developed a ten-year business plan. Your business plan is impressive and has received much praise from your mentors. While finances are now of little concern, you do recognize the importance of Human Resource Management, specifically a well-developed human resource strategy. You also know that “Strategic HR plans must be flexible enough to accommodate change. A firm with an inflexible strategic plan may find itself unable to respond to changes quickly, because it is so committed to a particular course of action” (Gomez-Meija, Balkin and Cardy, page 24).
For this assignment, you are required to present a strategic HR plan (in any creative format you choose - for example: Word, PowerPoint, video, Prezi, etc.), which examines environmental challenges, organizational challenges, and individual challenges that you need to prepare for. This strategic HR plan will need to be presented to your mentors and therefore, it is essential that you include the following components:
· An introduction to your business:
o What type of business?
o What are your goals?
o What are your mission and vision statement?
· A description of various HR challenges you must prepare for:
o Environmental challenges
o Organizational challenges
o Individual challenges
· Select one of each of the environmental challenges, organizational challenges, and individual challenges and demonstrate how you will be flexible to accommodate this plan given a potential change.
o For example, if your goal is to open a factory and productivity is measured by output (300 sweaters per day), what will you do if productivity decreases? How will you prevent this from occurring?
Explanation / Answer
Type of Business
A Lodging industry which works in online commercial center and hospitality services for individuals to rent or lease here and now holding up including holiday bungalows, flats, homestays, inn beds, or inn rooms, to take an interest in or encourage encounters identified with tourism, for example, strolling visits, and to reserve a spot at eateries.
Objectives
1)Building a comprehensive platform for all hosts and visitors
2)connectong explorers looking for valid encounters with has offering interesting motivating spaces all around the globe
3)Developing fair neighborliness
Mission and vision statement
Mission:
to live in this world where one day you can feel like you're home anyplace and not in a home, but rather really home, where you have a place. To live in this world where you can be home, you need to give neighborliness and hosts give friendliness
vision:
having a place anywhere and all around the world. It implies turning into a dependable piece of a worldwide group.
Challenges
environmental challenges
Organisational challenges
Individual challenges
if my goal is to open a factory and productivity is measured by output then the best way to deal with decreasing producitivity is