HRM Strategies and Decisions Assignment Sample
Introduction
This report deals with understandings and proper reflections that shall emerge from the conditions under human resource management (HRM) in the context of strategies and competition. The context shall be inherently dependent upon the state of affairs that have affected the company Barclays UK from a helpful point of view (Yan, Hall and Turner, 2014). It is a retail bank organization that is located in the country of United Kingdom, and is generally regarded as market leader, which it has established over the course of several centuries during its existence. Barclays UK also happens to be the subsidiary of Barclays plc whose footprints are inherently multinational and offers universal banking services through other notable wholly distinct business offerings (Moorehead and Mc Grory, 2009). As a result, it would be helpful to establish how the company’s structure has ended up or have been developed through juxtaposing them with various factors encompassing it entirely.
STEEPLE Analysis
STEEPLE is an analytical tool that helps in focusing upon the macro-environment factors for proper evaluation and determination of results. Through comprehending these environments, it is necessary to focus upon the distinct dimensions that make up necessary strategic and competitive decisions at large (Yan, Hall and Turner, 2014). When applied to Barclays UK case, it is necessary to indicate that details shall constitute general outlooks that could apply to UK and elsewhere, as well as the critical points that are active in the banking sector (Augar, 2018). The company has been established to utilize strategies for major decision making instances, and these follow through HRM focus with respect to strategic, operational and tactical concerns.
The first of the macro-environment factors is the socio-cultural details, which is associated with the fact that Barclays UK has been a prominent player in the country’s wider social areas and lines quite widely over time (Augar, 2018). The retail banking focus that the company offers also indicates a domestic success story with which there is quite effective outlooks and regards. The high levels of penetration that it has achieved within the UK’s financial distribution and landscape, it is expected that Barclays UK is quite favorably embedded with respect to the social circumstances (Barclays, 2021). The company and the brand has also touched upon cultural cornerstones of the UK culture like being the most prominent sponsor of the English Premier League (Moorehead and Mc Grory, 2009), as well as other aspects related to the entire outlooks that are active upon such a perspective.
Technologically Barclays UK has certainly succeeded in transforming itself to a flexible and highly effective organization with respect to infrastructure, and work is integrated with it (Moorehead and Mc Grory, 2009). The company has always associated itself with strategic acquisitions, which were very effective and common for them to pivot to new technological systems fully. With their help, it has also setup internal conditions that could favor them as well.
Economic conditions feature across a very prominent state of considerations when it comes to Barclays UK (Barclays, 2021), since so much of the economic landscape of the country is inherently depended upon their control and governance capacities upon the money flow, and other aspects.
Ecological forces generally appear on the basis of being tied to technological implementations, as well as distinct investments and launch of practices that are all related with corporate social responsibility (Barclays, 2021). These values are tied to legal requirements that the UK law has set out for all organizations operating there, as well as the extent of their footprints, which affect the natural environment.
Barclays UK relates with political forces generally through compliance, as well as lobbying for assistance by the government. This is reflected with how at the time of Brexit the bank received £6 billion as assistance to weather the economic fallout that result from it (Yan, Hall and Turner, 2014), altogether indicating its favorability associated with its economic importance.
Legal factors also feature into the case because Barclays UK has been noted to have committed major and grave financial offenses at several instances in the past. The extent to which these factors are associated with political and economic ones are important (Moorehead and Mc Grory, 2009), and currently these seem to treat the company as necessary with respect to operating upon a framework of fines and other financially targeted instruments.
As already noted, the environment that the company works seem to dictate that necessities of utilitarian achievements in the long term surpasses all other concerns (Ram and Jones, 2008). This open and possibly ineffective option to affect and impact Barclays UK seem to hold no possible consequences whatsoever.
Factors that would have the most impact on Barclays UK
Among the many indicated, the most important impact factors as derived from detailed understandings shall be:
Social Initiatives would offer better outcomes in the long run
Sustainability at a social perspective is perhaps the most notable existential question that presents to people the world over (Augar, 2018). It is something that a company that has been successful over such a long time would stand to benefit from it.
Ethical Threats could be consequentially affective
With respect to transgressions and controversies that Barclays has been directly responsible in some way, it could be considered that the extent of punishments and other kinds of applicative directions have not actually affected them in any significant ways (Ram and Jones, 2008). These could change in the future with new frameworks and established orders of legal and political concerns in the future.
Current Circumstances of Widespread Effectiveness shall persist in the future
What Barclays UK has achieved with respect to the strategic and competitive state is the effective possibility of not being threatened by the most notable forces in the macro environment. For the future, it has the only need of maintaining them effectively.
Critical Analyses of how Organizations are shaped and developed
The current state of the company indicates its most central and important aspects have been to become a company that acts in order to hold other companies. This is the way that through the overall circumstances of operations in the UK have been favorably arranged to work effectively and yield the most notable and consequential results (Augar, 2018). These concerns have been reflective of major achievements and concerns for which there are some legitimate outlooks of interacting with the legal aspects to be handled by and large. Moreover, the highly distributed state with physical presence is also concentrated in the UK itself, which indicates the flow of finance forces that have affected and consolidated the processes that have been established (Ram and Jones, 2008). Its competition exist but are not affective in light of such strongly embedding forces for Barclays UK at large.
Conclusion
These are all the important aspects and consequences that are relevant in understanding Barclays UK as an organization. The outlooks over the featured contexts tend to relay strong presence and circumstances with respect to which possible outcomes could be delivered.
Reference List
Augar, P., 2018. The bank that lived a little: Barclays in the age of the very free market. Penguin UK.
Barclays, 2021. Industry Analysis. Available at: https://www.barclays.co.uk/business-banking/business-insight/industry-analysis/ (Accessed 10 August 2021).
Moorehead, S. and Mc Grory, S., 2009. How Barclays’ employees keep the customer promise. Strategic Communication Management, 13(3), p.28.
Ram, M. and Jones, T., 2008. Ethnic-minority businesses in the UK: a review of research and policy developments. Environment and Planning C: Government and Policy, 26(2), pp.352-374.
Yan, M., Hall, M.J. and Turner, P., 2014. Estimating liquidity risk using the exposure‐based cash‐flow‐at‐risk approach: An application to the UK banking sector. International Journal of Finance & Economics, 19(3), pp.225-238.
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