HR's Role in a Strategic Acquisition of Wordsmit Retail Booksellers Assignment

HR's Role in a Strategic Acquisition of Wordsmit Retail Booksellers - Assignment Example The organization has 18 bookstores in different parts of the country, such as Tasmania, Western Australia, and the entire Northern Territory. Wordsmith made acquisition of Mainly Books in order to enhance its strong presence in Australia. In addition to this, the organization made acquisition of the mainly Books in order to penetrate the entire Australian market. Mainly Books faced several issues and business losses over the last years due to inadequate human resource management practices. Overstaff and inadequate recruitment process affected the overall business operation process of the organization. In addition to this, Wordsmith retail chain bookseller does not implement aggressive human resource management strategy in the business processes. However, the recent human resource manager of Wordsmith named Gemma is trying to implement a strategic function in the human resource process in order to meet the developed business goals and corporate objectives. The human resource manager i s trying to design a redundancy process in the human resource management of the newly acquired firm. It is clear from the case study that the organization faced high business losses over the past few years. The implementation of the redundancy process can create several legal issues for the organization that need to be considered by Gemma. It is true that the global economic environment is getting affected due to the strong effects of the recent financial crisis and economic recession. Each and every organization has to maintain developed employment laws of the organization. In addition to this, the government of Australia developed several strict employment rules for business organizations. Redundancy and staff cutting can create several legal issues. The employees have their basic right to make a complaint against the employers and the management of the organization against this period1. Gemma is trying to recruit a number of employees despite the issues of overstaffing.  Ã‚  

Summary and Critical Analysis of Multi-objective Decision Making Term Paper

Summary and Critical Analysis of Multi-objective Decision Making - Term Paper Example This term paper discusses the subject of multi-objective decision making problems, that require a set of criteria prior to implementation. First, it is clear that objective functions must be normalized. That is, objective functions must have the same physical meaning to all the stakeholders involved, which likewise means that units and scales used in the measurement of these function must be consistent. Next, the appropriate principle of optimality must be chosen. The principle of optimality sets the properties of the optimal solution and answers in such a ways that the optimal solution bests all other possible solutions. Third, the researcher states that the priorities of objective functions have also to be considered. It is imortant to understand that different objective functions have different importance and thus, higher priority must be given to more important objective functions. Based on these considerations, this term paper provides a critical analysis of a multi-objective de cision making model, which covers economics and managerial applications of a company. A summary of the model were presented by the researcher of the paper, and its strengths and weaknesses were also highlighted. In conclusion, the researcher of this term paper analyzed the final portion of the study. This term paper also presents an outline of a possible research project, that will be concducted and that will involve both multi-objective decision making process and analysis as well as multi-objective decision making model to view.