ANALYZE THE CORPORATE STRATEGY AND OPERATING ENVIRONMENT Essay

ANALYZE THE CORPORATE STRATEGY AND OPERATING ENVIRONMENT - Essay Example A business responds to its operating environment through the corporate strategy. Strategies need to be monitored with care with regular reviews and adjustments to make sure that they are focused on the accomplishment of organizational objectives. They involve the utilization of human resources and finances in a particular period of time through a comprehensive scheme that is targeted at achieving the business corporate goal. This paper is a critical analysis of the corporate strategy and operating environment. HRM actions that can improve the organization’s effectiveness have been discussed. Factors that can affect the operations of the business in a foreign country in comparison to the U.S. have been highlighted. There are several HRM actions that can contribute to the company being more effective and efficient. These include; flexible working, career development through training and upgrading the skills of supervisors. Flexibility can be achieved through various ways. These include policies on flexible hours. Flexibility of working hours allows fulfillment amongst the employees within the place of work as well as outside. This is usually beneficial to the business through improved productivity amongst the employees, which is attributed to job satisfaction. The employees are able to take care of family obligations as well as those of the work place (Bratton, and Gold, 2007). In that state, it is most likely that they will be more productive than working under tight schedules that do not allow them to take any other responsibility outside the paid work. The needs of employees towards work life balance are specific to individuals. These usually depend on the age, marital status, gender and oth er such factors (Bach, 2005). High productivity in employees is attributed to job satisfaction. Productivity in employees results when managers ensure flexibility in their objectives and careful analysis