For
the successful business strategy human resources are considered as the
important part because human resource management is performing the role of the
bridge between the employees and higher authority of the organization. The
importance of the motivated and well trained employees can be realized by the
successful business managers for achieving the financial goals of the company.
The major objective of the success full Human resource managers is to
motivation the employees of the organization to achieving their financial goals
by providing them all opportunities of the advancement t of the employees as
well as growth of the employees. The success of the company can be realized by
the struggles and efforts of the management and employees both. The human resource management has cooperative and
not adversarial
relationship for the success of the organization(Barnes, 2018).
There
are wide ranges of the organization which are performing in well manner in the
United Kingdom and running their all strategies in effective manners as well performing
the functions of the human resource in good way to achieving their financial
goals. For the discussion of the essay Tesco is selected for analyzing the
relation among the HR and corporate strategy. This will critically analyze the relationship
of the Human resource management with the corporate strategy as well as it
determine the internal and external factors which are affecting the relationship
of the employment.
The
Tesco Company is selected In order to focus on the critical review of key
factors or indicators for the employment relationship within an organization; Tesco
is the prominent grocery retailer of United Kingdom, dealing in immense range
of products and services for customers in the market. The firm’s dimensions are supermarket,
hypermarket and different super stories. This is also considered as the ninth
largest retailer in the world due to its revenue streams (Felsted, 2015). The company was founded in 1919 by
Jack Cohen. In the year 2016, the company had earned the revenue of almost £60
billion and however, the profit of the company is exceeding to the £1 billion.
The Tesco is providing the benefits to the employees; Tesco Plc. has about
6,902 stores and there is about 500,000 staff member of the company (Butler, 2015).
Relationship between HRM and corporate strategy
The
strategies of the Tesco are complete by the struggles and efforts of the HRM
because JHRM always assist the employees of the organization for enhancing the
performance and achieving their financial goals. There are several activities which
are used to creating the relationship between the employees, human resource management
and business strategy.
References of business strategy human resources
Barnes, D., 2018. The Relationship of HR With
Business Strategy, s.l.: smallbusiness.
Butler, S., 2015. Tesco - six challenges in store
for Matt Davies. [Online]
Available at: https://www.theguardian.com/business/2015/may/11/tesco-six-challenges-in-store-for-matt-davies
Felsted, A., 2015. Tesco puts a brave new face on
old problems. [Online]
Available at: https://www.ft.com/content/9fe25e7c-5d5e-11e5-a28b-50226830d644