Assignment : A Growing Small Business
(My preference is a small nursing home, 50 residents)
You made it! You received your master's degree in Human Resource Management, and now it's time for you to start seeking career opportunities. At this point, you may be a little confused as to what areas you should focus on in HR since your experience may be limited. Imagine that a friend shares with you that he/she has a small but rapidly growing business which is in need of an HR department. He has asked you to be the HR Manager. Your friend mentioned that he / she previously worked with an HR consultant, but now has close to 100 employees with no definite, dedicated HR department, and really needs your assistance. Although you are nervous, you realize that it's now time for you to show your skills and put all your years of studying into action.
Select an existing small company in an industry you are familiar with to be the basis of the small business in this case. Review the company's structure, culture, business strategy, mission, and vision.
Write a 5 to 6 page paper in which you:
1. Provide a brief summary, in your own words, of your selected company's overall business strategy. Next, determine the direction you visualize the company growing within the next five (5) to ten (10) years.
Hint: Review the common business strategies of Cost Leadership, Differentiation and Focus or Niche .
2. Design a human resource management strategy to support your selected company's business strategy. Explain the competitive advantage of your HRM strategy.
Hint: Review the following common human resource management strategies of Loyal Soldier, Bargain Laborer, Committed Expert and Free Agent from previous courses.
3. Develop an HR Scorecard table for your selected company. Include the four (4) dimensions (i.e., financial, customer service, internal process, and learning / growth / sustainability). Next, assess the value of your proposal to the small business in each of these dimensions.
Hint: Review the video titled "Building the Human Resources Performance Measurement Scorecard" .
4. Use at least three (3) quality academic resources in this assignment from within the past five (5) years.
Note: Wikipedia does not qualify as an academic resource.
5. Format your assignment according to these formatting requirements:
• Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; references must follow APA or school-specific format. Check with your professor for any additional instructions.
• Include a reference page. Citations and references must follow APA format. The reference page is not included in the required page length.