HRM IN BUSINESS CONTEXT Coursework Example | Topics and Well Written Essays - 1250 words

HRM IN BUSINESS CONTEXT - Coursework vitrineAlong with this an otherwise reason for the slowdown in the grocery is the inflow of the inferior quality of products into the food market for futon which has acquired all the market share of the first time buyers or the students. The Furniture Manufacturers fellowship puddle to a fault appealed to the European Union for the control of such imports from India and the countries of the Far East (Hill and Jones 43-45). The changes in the policies of exports and imports of the governance may have an effect on the revenue of the attach to. This will have an effect on the issue level of the attach to and it would employ less people in the passage of outturn. Thus there is bane of competition from the foreign countries. The lodge is also twistd by the government grants and in order to set up factory in such ambits these grants are essential. Therefore it might be difficult for any other competing firm to open operations in Notting ham at ease (Palmer and Hartley 99-116). The availability of the hardwood and the softwood would have an influence on the costing of the company. Thus the barrier to entry is high for the new entrants. The company needs to have enough labour supply in order to continue with the production process. Since there is unemployment in the area the company can get adequate supply of labour. This means that the bargaining power of the labourers is low. The company is also influenced by the various laws relating to the emissions in the organisation. If the levels of emissions are not maintained the company would have to pay a huge amount of fine to the government. Niche Market for Futons and Sofa-beds The market for sofa beds and futons is a niche market because it is targeted towards those customers who are the students or the first time buyers. This market is an extremely specialised market in the townspeople of Nottingham. The market is of the size of 10.7 billion pounds. The company thoug h produces only a certain line of products, the company appeals to people of all the income groups. This is because the company has product made for the people who have lesser amount to devolve as well as for those customers who generally look for the premium priced products. The company also caters to the unique styles and the zany design segments for the furniture cover. These products are preferred by people with a different kind of taste. The import markets of the UK are mainly driven by China which account for 33% of the market share. The furniture is also imported from the Italian as well as German Markets. STEEPLE Analysis Social The products of the company are purchased by the people from different groups of income. Thus the portfolio of niche products of the company includes something to offer to each of the segments. The company has an opportunity to cater to the other markets. Technological The new methods of technique are used in the production process of the company. The company can use the advanced techniques of incorporating the high efficiency cyclones that would reduce the level of emissions. The internalization of the new technology would also reduce the requirement of people in the company because the production process would be more automated. This would also be an opportunity for the company if the manufacture the various new technologically advanced products. Economic There are several economic factors that may affect the operations of the company.