Tuesday, August 27, 2019

Starbucks Case Analysis Study Example | Topics and Well Written Essays - 1250 words

Starbucks Analysis - Case Study Example Additionally, a number of similar companies such as Dunkin Donuts, McDonald's and Caribou Coffee among others are implementing strategies that are helping them to conquer a larger share of the market. The main objective of this study is to provide a lucid comprehension about how the aspect of employee development can facilitate Starbucks to mitigate the rising issues and also to maintain their competitive position amid their competitors. Discussion Describe The Importance of the Employee Life Cycle Stage Selected to any Organization’s Human Capital Strategy The advancement in the technological aspect and the advent of globalization have not only created opportunities for small firms to establish themselves in the global level but are also creating challenges for business firms through rise in the number of competitors. In this regard, it has become vital for every business to implement employee life cycle stages that would not only aid in maintaining an effective workforce wit hin the business but would also facilitate them to develop skills that would aid to achieve the organizational goals effectively. Employee life cycle is considered to be a Human Resource (HR) process which helps in identifying stages in an employee’s working life along with guiding him/her through the application of management and optimized association process. Six of the common stages in an employment life cycle are recruitment, selection, performance, succession, employee development and transition (Greg Roche, n.d.). The aspect of employee development is considered to be one of the most important functions of Human Resource Management (HRM) in today’s growing competitive business world. In general, employee development implies those actions that help in developing the abilities of an individual employee and organization as a whole. Human Resources of an organization are determined to be amongst the most vital aspects to ensure organizational work efficiency. Loss of a single employee from an organization may at times severely affect the entire working process. The rapid changes in the way businesses are being conducted today have forced large organizations to implement strategies that would not only aid them in updating the skills of their employees but would also help in maintaining a good retention rate of the workforce (Noe, 2010). The concept of employee development has become important over the years because it aids in improving knowledge, skills and competencies which in turn facilitates them to complete their assigned tasks effectively. Additionally, it has also been viewed that the aspect of employee development helps in developing a deep coordinated relation amidst employees of an organization as it indicates that the organization cares about its employees and wants them to work with them in the future (Hameed & Waheed, 2011; WorkSmart, n.d.). Explain How Your Ideas Relate To, and Will Therefore Help To Resolve, the Issues Starbucks A re Facing With reference to the case i.e. Starbucks: Delivering Customer Service by Moon, Y., and Quelch, J., it can be viewed that Starbucks was enjoying its 11th consecutive year of growth rate in terms of sales. However, according to a market research conducted by Starbucks, it was viewed that the company was not meeting with the

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