Al Nawaf Company-Case Study-Free-Samples-Myassignementhelp.com

Questions: 1.What would be the advantages to Al Nawaf Company of setting up a career planning program? 2.What would be some of the strategies they must develop in order to gain the competitive advantage? 3.Outline three steps that they must align in order to begin developing a succession planning component part of their career development program? Answers: 1.There are various advantages of setting up a career planning program, which will benefit the Al Nawaf Company. The advantages of the program are being discussed as follows; Career planning is highly necessary as it helps in attracting and retaining competent and skilled individuals into the organization. This in turn, provides the employees with suitable opportunities of promotion. Moreover, this enables the employees to develop them-selves to meet the future challenges. In addition to this, career planning increases the utilization of the managerial reserves within the organization. It provides the employees with correct placements. Moreover, it also reduces employee turnover and dissatisfaction and improves employee morale as well as motivation (Cascio, 2018). Career planning will prove to be highly beneficial for the Al Nawaf Company as it will analyze the individuals skills, abilities, knowledge, aptitudes and more. The overall procedure of career planning enables the individuals to gain knowledge regarding various career opportunities, priorities and more. Gaining knowledge helps the individual to select the career which is suitable for his/her life styles, family environment, preferences, scopes for self development and more. In addition to this, it will also help the Al Nawaf Company to identify the employees who can be promoted to the higher positions (Parkay, Anctil Hass, 2014). Up-gradation, internal promotions as well as transfers will motivate the employees to boost up their morale. This in turn, will result into increased satisfaction in job. Moreover, increased job satisfaction will enhance the employees commitment and create a sense of belongingness as well as loyalty within the organization (Rothwell et al., 2015). 2.Businesses and organizations constantly seek competitive advantages at the marketplace. However, there are various ways by which it is done and majority of the businessmen focus on the tried and actual methods of gaining a competitive advantage within the business environment. The methods, which the Al Nawaf Company can utilize, are generally classified into four primary categories, which are discussed as follows; Cost Leadership The first and foremost competitive advantage of any business is the cost leadership. Businesses often attempt to gain the cost leadership as it occurs when the organization is able to offer same quality product as that of its competitors, however, at low costs. It occurs when the company finds a way to produce the goods at lesser costs through perfection or utilization of resource in much effective as well as efficient way than their competitors (Caffarella Daffron, 2013). Differentiation This is the second strategy which various organizations often utilize in order to set their business apart from their competitors. In the differentiation strategy, lesser cost of the products is the only possible factor, which can set the business apart from its competitors. The Al Nawaf Company can adopt this differentiation strategy in order to differentiate its company from others (Parkay, Anctil Hass, 2014). Defensive Strategies The other way of gaining a competitive advantage into the business is by utilizing a defensive strategy. This strategy will help the business by further disassociating itself from the competition. Alliances In addition to the above strategies, businesses can also gain competitive advantages form other businesses within the similar industries that seek strategic alliances in the related industries (Jehanzeb Bashir, 2013). 3.In order to begin developing a succession planning component part of Al Nawaf Companys career development program, the company needs to adopt certain steps. Three of them are; Self Assessment Tools This is the most important technique which the company can utilize in the efforts of managing the career of their employees. It is regarded as an exploration tool of individuals career in which the employees complete their self assessment exercises and also fill up information related to their competencies, interests, skills, preferences, work attitudes, obstacles, opportunities and long as well as short term goals. This entire exercise enables them to understand their own aspirations and desires as well as likes and dislikes (Rothwell et al., 2015). Workshops for Career Planning Once the employees get through the self assessment tests, they share the findings along with their colleagues as well as supervisors in the workshops of planning careers. It also allows the employees to receive feedbacks from other employees and supervisors. It lets them check the reality of their aspirations as well as plans. They might alter their plans when it becomes unrealistic for them and move into a new track (Cummings Worley, 2014). Individual Counseling Individual counseling is most common activity, which is undertaken by the organizations for developing their business. Counseling to the individuals is generally provided by the human resource specialists, career development specialists, development trainers or life skills. Few organizations hire the employees from outside source, while some organizations have fully fledged departments for recruiting purposes (Cascio, 2018). It assists the employees to understand their own aims, making changes when required. References Caffarella, R. S., Daffron, S. R. (2013).Planning programs for adult learners: A practical guide. John Wiley Sons. Cascio, W. (2018).Managing human resources. McGraw-Hill Education. Cummings, T. G., Worley, C. G. (2014).Organization development and change. Cengage learning. Jehanzeb, K., Bashir, N. A. (2013). Training and development program and its benefits to employee and organization: A conceptual study.European Journal of business and management,5(2). Parkay, F. W., Anctil, E. J., Hass, G. (2014).Curriculum leadership: Readings for developing quality educational programs. Prentice Hall. Rothwell, W. J., Jackson, R. D., Ressler, C. L., Jones, M. C., Brower, M. (2015).Career Planning and Succession Management: Developing Your Organization's Talentfor Today and Tomorrow: Developing Your Organizations Talentfor Today and Tomorrow. ABC-CLIO.