Fresh Direct PESTEL, SWOT and Porters Five

Fresh Direct PESTEL, SWOT and Porters Five INTRODUCTION Direct food is an online order taker for the delivery of fresh goods to their customers. They promise to provide delivery to their customers at very next day. They are operating in more than 48 states in U.S.A. in New York, they came with the saying the new way to shop for food. as they are providing online business, they do not have to pay for the rent for the land. the quality is obtained by SAP software. They are highly dealing on cleanliness, healthy and safety. they are meeting the highly customer quality demands. The key for the success of Fresh Direct is the system efficiency. each department of the food, bring ingredients e.g. milk, beef, chicken from the shorter distance. they also sold restaurant worthy foods. its processing facility at Manhattan customer is its cost effective operational design. the delivery goes via refrigerated truck. The minimum order should be of $50. it has $60 Million start up cost. they are hoping to turn on the daily profit. Fairway is the partner of the Fresh Direct. it is working on the basis of low price. then they have collaborated with Donaldson Lukfin Jenrette. They are focusing on mergers and acquisitions. there is a constant change in management. they are changing after small periods. They are hoping to capture 5% of the grocery market of New York. the company is working on the basis of low cost marketing strategy. they are working on the strategy of eliminating middlemen. they believe that customers would accept a limited package brand. Fresh Direct foods website provides a number of fresh foods as well as abundance of information. people in the city preferred to shop from here, as they do not have to carry the grocery with them. they ccan have all the items at their homes just after one click. INDUSTRIAL ANALYSIS PESTLE FRAMEWORK 1- Political Factors Fresh Directs performance is heavily influenced by political and legislative conditions in those countries, including the European Union (EU). For labor law, the government encourages retailers to offer a combination of employment opportunities for flexible jobs, lower wages and local basis a highly skilled, better paid and central. Fresh Direct believes that retail trade has a large impact on employment and the factors of people, being an inherently local industry and labor intensive. 2- Economical Factors The international business continues to grow, the company remains highly dependent on the U.S.A market. Therefore, Fresh Direct would be seriously affected by a slowdown in the market for U.S.A 3- Social Factors Current trends indicate that U.S customers have moved to the single and bulk purchases, which is due to social changes. Demographic changes such as aging factor, the increase of women employees and a decrease in preparing meals at home means that U.S.A retailers focuses on value-added products services. Consumers are increasingly aware of health problems, and attitudes toward food are constantly changing. 4- Technological Feature The influenced that plays a major role towards development of many products from Fresh Direct. New technologies benefit both customers and company increases customer satisfaction as the assets are available, services can be more personalized and more convenient. The commercial launch of the Efficient Consumer Response, the initiative provided that change as this company is dealing with online services, it is necessary for the company to focus on latest technology. 5- Environmental Factors main theme of society threatens food retailers has been the to act socially responsible. the government for sustainable to reduce waste, reduce resource consumption and minimize 6- Legislative Factors Code of Practice should set out the prohibition of many current practices, such as requiring payments to suppliers and prices agreed retroactively change without notice. PORTERs FIVE FORCES MODEL 1- Threat of New Entrants it has a strong barrier to new firms to enter the grocery market. For example, it becomes quite, since the. Differentiation achieved by Fresh Direct and Ads in their aggressive tactics seen in operation in product development, promotional activities and a better distribution. 2- Bargaining Power of Suppliers This strength represents the authority of the contractor that can be prejudiced by the major superstore manacles and the dread of bringing up the rear business to large supermarkets. Providers are vulnerable by the upward capability of huge merchant to starting place their foodstuffs from out of the country at subordinate prices. The affiliation with vendors may have similar effects on limiting strategic freedom to influence the company and their margins. The forces of bloodthirsty contention have condensed earnings margins for superstore cuffs and suppliers. 3- Bargaining Power of Customers Porters theory that the products that become standard or undifferentiated, the lower the cost of change, and therefore, more power to the buyers pays Porter, M. (1980). On low prices, better choices, the constant stream of promotions in stores allows brands like Fresh Direct to manage and retain their customer base. 4- Threat of Substitutes General replacement can decrease the command for meticulous manufactured goods, as there is a danger of clientele toggle to substitute. In the food industry this can be seen as a product-by-product or the replacement of the require and was additional destabilized by new-fangled tendency such as how diminutive convenience store chains are up-and-coming in the manufacturing. In this case, Fresh Direct, Ads and Sainsburys are annoying to get your hands on obtainable small-scale procedure and the opening of local towns and city centers. 5- Bargaining Power of Competitors The food environment has knowledgeable momentous enlargement in the dimension and market ascendancy of the principal players, with better stores, increasing retail concentration and the use of a wide range of formats, now are the salient features of the sector. As declare higher than, the obtain power of the provisions engineering to put on the market is concentrated in the hands of a comparatively diminutive number of put up for sale bargain hunter. This highly competitive market has encouraged a rapid level of development, leading to a situation in which the U.S.A retail grocery had to be innovative to maintain and increase its market share. CRITICAL SUCCESS FACTORS It is essential to take into account the internal operational efficiency Fresh Direct in how to identify critical success factors of the company in the sector of food retailing. 1 Brand and Reputation Fresh Direct is a trademark and also serves as the central strategic advantage. manufactured goods expansion and overhaul development of the companionship have been re-engineered in order to smooth the progress of improved running of product living sequence and supplementary competent accomplishment of the full assortment of products to customers. Fresh Direct innovative ways to get better the purchaser shopping knowledge, as well as its labors to broaden your horizons the economics and indemnity have also capitalized on the physically powerful brand reputation. 2 IT Integration Fresh Directs operations have become necessities, not luxuries. Inventory control systems, keep all records of stocks and deliveries and analyze commerce communication are the salvation of the companionship. TI has grown beyond its traditional role in supporting and have acquired a central role in formulating business strategy. Extranet system used by the company, allowing Fresh Direct to use the Internet to create information flows proprietary and custom between the company and its business partners. 3 Supplier Management Fresh Direct, like many other supermarket companies, the sources of their products from foreign manufacturers are more competitive in price and volumes. As a most important merchant advertising miscellaneous manufactured goods range. As a result, it is the strategy of the company and the main focal point of the company have unique relationships with suppliers. INTERNAL ANALYSIS COMPETITORS OF FRESH DIRECT YourGrocer.com your Grocer is a first competitor of Fresh Direct. it was developed on the strategy of bulk-buying. it offers a limit advantage that you can only purchase in the form of bulk. delivery is done in different time slots according to the location of the customers. PeaPod peapod is a strong competitor of Fresh Direct.in many metropolian areas, Peapod provides online delivery and shopping services. it was founded in 1989 by two brothers Andrew and Thomas Parkinson. it has grown to be one of leading Americas Internet grocers. Peapod somewhat owns subsidiary of international food provider Royal Ahold, and also works in collaboration with Ahold USA supermarket companies which includes Stop Shop and Giant Food. in 2007, it started to provide online shopping to its customers. it had a central distribution model in every market. NetGrocer it was founded in 1996, and it says it is the first super market which provides non perishable goods to its customers. it is very difficult to find non perishable goods in the market. it serves in 48 states of the U.S.A markets. its customers are busy families and urban dwellers. it works 24 hours a day. and directly provide goods at their homes. Other Challenges the most new threat is that Amazon.com has also entered in the field of dry goods delivery. it has threatened all other online super retails. however, it would also be difficult for the Amazon to compete in this giant market. as they might have problem of grocery delivery failure. CORE COMPETENCIES The companys main objective is to recognize that competition between companies is as much a race for the competition as it is for the marketplace situation and souk authority. Consequently, the purpose for the organization of Fresh Direct is to focus on competencies that really affect competitive advantage. Competition leads to levels of performance of an activity or process that is much better than their competitors. Benchmarking can help to understand the presentation principles and what comprise high-quality or appalling presentation. On the other hand, Fresh Direct will be crucial to look at the type level. Through a long period of operations, Fresh Directs core competencies have to be fixed. Fresh Direct has to adapt to the rapidly changing new circumstances and opportunities, so that their basic skills determination encompass to adapt and change. The example was when the company launched its loyalty card and went to the bench. SWOT ANALYSIS 1 Strengths It is working in 48 states of U.S.A. This has led to its brand and financial strength to become strengths in themselves. This has led to many more shops under construction in the country and abroad, leading to geographical force. The introduction of Fresh Direct Express and Fresh Direct metro led to show strength in flexibility. they have a heavy brand reputation. 2- Weaknesses SWOT analysis of Fresh Direct is bound to reveal some shortcomings. One example of many, is the amount of fossil fuel used in its transportation network. With rising oil prices, Fresh Direct has to keep a close watch on transport costs. Another weakness comes from the dependence on market Fresh Direct supermarkets in the U.S.A. Therefore, it is increasing its foreign media and the sale of other assets. it has not a consistent C.E.O. which may be danger for the company success. 3- Opportunities Major new opportunities for Fresh Direct, like all businesses, is in the online arena, and a SWOT analysis of Fresh Direct should focus on this field. Fresh Direct has already had much success online, having become the Amazon threat into an opportunity by selling books at less prices. Fresh Direct, the biggest problem in search of opportunity is possible to decide exactly which ones to followthey can also operate in other countries, as well as Asian ountries. another opportunity may be diversity of the product. 4- Threats Possible threats to Fresh Direct include fluctuations in the stock market and tax increases. Most companies are concerned about taxes, and have a goal of reducing the tax burden. But probably the biggest threat is the innovation of supermarkets, including YourGrocer, NetGrocer and Peapod etc. there may be an increase in the number of customers. GENERIC STRATEGIES Generic strategies are characterized by the response of an individual retail industry structure. For a retail giant such as Fresh Direct, to obtain a sustainable competitive advantage must go after moreover one of three general strategies, urbanized by Porter. This strategy is based on Fresh Directs costs so well that they can have a significant competitive advantage. If Fresh Direct uses another strategy of differentiation, products with unique features that customers value. Fresh Direct will be able to build brand loyalty of their offers, and therefore, lack of elasticity of prices by buyers. The last strategy approach may be a cost leadership or differentiation strategy address a narrow market, centered. To perform a cost leadership strategy focuses Fresh Direct to create internal efficiencies that will help them to resist external pressures. Therefore, it seems reasonable to think that Fresh Direct have frequent interactions with governmental and regulatory and environmental supplier. According to this framework, Fresh Direct can also choose to limit their products to the market in general, therefore remain a focus strategy or niche. Fresh Direct is following a move toward of cost management or demarcation, whats more in a specific marketplace or specific products. The danger of some against the association is annoying to do each and every one three and become what is known as caught in the middle. In the case of Fresh Direct is not suitable, since it has a clear commerce approach with a clearly defined market segment. Product Development: Diversification Changes in the business environment can create a demand for new products and services to the detriment of the benefit. An scoff matrix also suggests that if you expand new foodstuffs for existing markets, then a manufactured goods expansion approach has to be well thought-out by the stage of management a production. In mounting and diversifying the product mix of Fresh Direct, is also crucial to the internal development when developing new products. The nature and quantity of diversification should also be well thought-out in family member to the explanation of company approach and portfolio diversity. Following the changing needs of Fresh Direct customers can bring in new-fangled manufactured goods appearance. This may necessitate supplementary concentration to R D, consequential in supplementary expenditure. The put on the market manufacturing is understanding overcapacity and ground-breaking products and services is the greatest competitive advantage. Therefore, innovation has to be the main driver of product development for Fresh Direct. For example, Fresh Direct can build up a collection of dissimilar store arrangement in the U.S.A, each intended to make available a dissimilar shopping knowledge. While most of Eastern Europe and outlets in the Far East are hypermarkets, Fresh Direct can also develop different types of stores in these markets. This value added by the uniqueness Fresh Direct eventually lead to a price premium. The organization of technical modernism is all the time more involved in tactical conclusion manufacture. Fresh Direct has to take advantage of its strengths and diminish its inside weak spot in order to achieve a sustained competitive advantage. MARKET OBJECTIVES AND STRATEGIES IMPLEMENTATION Frameworks and tools for structuring the strategy are key to evaluating the commerce circumstances. The risk and worth trade-offs are completed unambiguous, resulting in tangible proposals to add value and reduce risk. Explicit action plans, including the need to plan to be developed by Fresh Direct as the strategic alternative. Generic strategies discussed above, Fresh Direct is likely to employ two strategic options are also likely to be primary targets of the market to focus on market development through partnerships and diversification through the development of new products. Marketplace approach development, combined expansion and strategic alliances When toward the inside new marketplace such as China and Japan can hand out as a key driver of revenue growth and company expansion strategy. Fresh Direct interests in Japan is likely to grow in time, as markets in Asia are showing increased consumer spending and a greater tendency to retail. This new-fangled market are also demographically far above the ground occasion markets. In the case of Fresh Direct, one of the strategic options suggested in international partnerships with local retailers in the Asian markets. Be well thought-out as a method of expansion and can be taught to take advantage of existing possessions and competition. By entering into joint ventures or alliances, in order to achieve greater economies of scale and market presence, Fresh Direct will be based on local knowledge and extensive experience of running the family, while adding together its own succession supply, item for consumption progress and operation skills to make available better accumulate shopping understanding to clients. On the other hand, prearranged the mammoth impending weighing machine and complication of these markets, may experience that Fresh Direct is the most important delivery service is not necessarily an advantage. The success of the partnership fall under three most important accomplishment criteria: sustainability, satisfactoriness and probability. Sustaina bility refers to whether a approach speak to the circumstances underneath which the companionship is in commission. This is the judgment of this expansion approach of market development. Suitability is connected to the expected benefits of the strategy, the level of risk and the possible reaction of stakeholders. Roads will be well thought-out if Fresh Direct has the possessions and cleverness to execute the approach. BEST STRATEGY The success of Fresh Direct shows how service delivery and effective brand can come to go beyond the splash of a emblem on a announcement. It had promoted commanding individuality by making their perception into a disease retiling and the spending on civilization outs from side to side various channels: educational support, supporting argument, and the customer experience and product additional room. In a altering commerce surroundings, with the weight of high-end participant Fresh Direct have to assume new-fangled approach for development or diversification of to be had ones in order to continue its principal market position in a marketplace of retail by now in place. The companionship must regularly adapt to speedily changing circumstances. strategy formulation, therefore, be regarded as a continuous learning process, which includes learning about the objectives, the consequence of promising proceedings towards these goals and how to put into practice and put into effect these actions. The excellence of a put together strategy and momentum of its implementation thus directly dependent on the quality of cognitive and behavioral learning processes Fresh Direct. In large organizations like Fresh Direct strategy must be analyzed and applied at various levels within the hierarchy. These dissimilar levels of approach should be connected and reciprocally compassionate. Fresh Directs approach at the corporate level defines the business in which Fresh Direct will struggle, in a way that focus possessions to exchange the antagonism at a dissimilar bloodthirsty benefit.

Energy crises of Pakistan

The unabated spate of load shedding throughout Pakistan has made life difficult to live in this sizzling summer. The unending energy crisis with power outages for more than 15 hours on daily basis has also dealt a severe blow to the national economy. Resultantly, business units and factories are getting shut down and layoffs of the workers are reported to be running in hundreds of thousands with grave implications for already burgeoning unemployment and poverty. According to a careful estimate, the difference between demand and supply is above five thousand megawatts, which is likely to increase as the weather gets even hotter in the months of June and July. The monster of load shedding first raised its head in 2007 and the national power scene has been becoming uglier with every passing year. There have been minor fluctuations and readjustments between demand and supply due to weather and water factors but the crisis on the whole has remained consistent in its lethality and ugliness. The criticality of situation warranted urgent policy response at the highest level but the same was not forthcoming, thanks to red-tapism and perennial malaise afflicting our decision-making processes. The questions arise in the background of severity of the crisis: has Pakistan in reality been deprived of treasure of energy? Do we have no alternative system to produce electricity in the country? Can we establish energy market, the biggest in the region through collaboration with neighbouring India and other countries? These are the questions whose answers should be in the affirmative, which should not be less than a glad tiding for the people hit hard by crises of different nature. Resort to empty promises, a favourite pastime of the government, would not help. It is about time that the government made practical strategies to resolve the energy crisis on the war footing basis without any further delay. Geographically Pakistan is located in a region where neighbouring country, India, is emerging as an economic giant. Despite massive use of energy to meet the growing demands of economic development, there is no load shedding in India. Among other countries of the region, Bangladesh is the only country whose local reservoirs of power are more than that of Pakistan. Economically speaking, India is ahead of Pakistan and Bangladesh but in terms of being self-sufficient in power, even Bangladesh is far ahead of Pakistan. Islamabad stands at number three in the field of power generation. Despite this power generation potential, the country suffers from the worst bouts of power crisis courtesy internal and external factors. If Pakistan, India, Sri Lanka, Bangladesh and other countries of the region launch power generation initiatives jointly, they cannot only strengthen their diplomatic and economic ties but also earn precious foreign exchange by exporting the surplus electricity. These countries are home to vast natural sources of energy. All countries of South Asia can launch a joint project of power grid. Nepal and Bhutan are two countries blessed with maximum of natural gas, which is used more than electricity. On the other hand, there are issues in regard to planning of natural resources and installation of power lines to ensure flow of electricity in these countries of the region. Despite this, when we look at the natural resources in these countries, it becomes certain that only these countries forming the energy bloc would stand to benefit in the future energy scenario. However, they would have to take steps to attract the attention of international investors. If these countries succeed to formulate a joint strategy, it would not only help them overcome their energy crunch, but also establish a trade bloc in South Asia. A brief detail of some of the models is given here below to become self-sufficient in the power sector: According to an analysis undertaken in the countries of South Asia, it has become known that if they formulate long-term policy of natural resources, they can save electricity from 6% to 13%. South African countries had undertaken this experiment first of all by which the countries of the region were able to save up to 100 billion dollars. If the South Asian countries take a leaf from the book of their African counterparts, there is no reason why they do not become self-sufficient in energy resources. Implementation of this model would also promote the intra-regional trade besides offering solution to the power crisis. Pakistan should be a strong proponent of this model given its huge energy deficit and demand. A long-term policy will need to be worked out spanning over 10 to 12 years. The broad contours of policy would include power agreements, long-term policy, and cooperation in the field of engineering, etc. The government of Pakistan has already formulated a ten-year plan but it is not in sync with the ground realities. There is a difference between resources and planning. By acting upon this model named s South Asian Power Pool, Pakistan, India and other regional countries can become success stories in the conservation and self-sufficiency of natural resources. The major benefits accruing from this model are the way out of present power crisis and enhancement of regional trade through striking of preferential trade agreements. Import of hydropower from India, Bhutan and Nepal can provide us with a big push to go ahead with this plan. Last but not the least, the South Asian countries can ink a regional agreement known as South Asian Regional Energy Trade (SARET) based on revolutionary steps to enhance energy trade in the region. However, in order to ease out the situation, urgent measures need to be taken. This includes the equal distribution of load shedding throughout Pakistan without any exception. The issues of non-payment to IPPs and circular debt need to be sorted out as a matter of priority to generate electricity according to full installed capacity. The matter of import of electricity from Iran should be dealt with on priority basis besides working out workable strategy to cut down line losses, which are the major source of wastage of electricity in the country. To conclude, it can be said that energy crunch is both regional and global issue and regional efforts need to be made to overcome this deficit. Time is long past when issues of urgent nature were kept pending due to political expediency. Pakistan, a country hit hard by power crisis, needs to reach out to Iran, Turkey and other central Asian countries for import of electricity on urgent basis to ease things out. Time to act is now.

Technology and HRM- A Better way of Managing your HR

Introductionâ€Å"Human† is the most essential and integral part of a society. The society comprises of all sorts of aspects related to life. These different aspects may include business, social work, entertainment, cultural traditions, family life and many more. These aspects are linked together in a connected system and they revolve around the main subject of all these aspects i.e. human.Business is the most important aspect of the system as the economy of the system is dependant on it. For businesses, human is the biggest asset of all and therefore it needs to be managed. Businesses at either private or public level have requirement of managing there human resources which comes under the vast field of Human Resource Management (HRM).The concept of HRM goes long way back in the 19th century. It has undergone various transitional phases since then and has improved. The birth of innovative technological methods and tools has given a spark to HRM by facilitating it and taking i t to an entirely different and better level then it was 100 years back.The implementation of the technology has improved the standards of businesses and its different sectors. It has enabled managers for better supervision of the employees, has raised performance and has inculcated elements of scrutiny, supervision, administration and better management all over.Hence, technology has become part and parcel of HRM. The maximum utilization and application of technology in HRM have yielded better results. As there is further advancement every now and then in technology, it can be assured that the future holds positive scope for HRM.This paper would highlight how HRM and technology are interlinked with each other. Apart from that it would show how technology has proved effective in various sectors specifically public sector and what upcoming there are in future.HRM As established before, humans are the greatest asset of an organization. These individuals contribute towards the accomplish ment of organizational goals and therefore they need to be planned, controlled, hired, fired, performance monitored and many other functions. All of these functions are performed for the achievement of organizational goals.The various functions that need to be covered under HRM include:Identification of staffing needs and methods i.e. whether to go for subcontracting or hiring of employees. This would give a layout as to what type and number of employees are required†¢ Recruitment, selection and training of the employees who undergo the screening process to be part of organization. The pool of skill is attracted, selected and polished to gain better performance.†¢ Compensation and benefits to employees in exchange of their services to organization†¢ Performance management which should highlight performance standards, ensure that these standards are met and if not then resolution of performance issues†¢ Ensuring that employees activities conform with organizationa l regulations and policies†¢ Maintaining employee records and policiesThese are the main activities that come under HRM department. In a nutshell, HRM department has to conduct job analysis which would further include Human Resource Planning as to what type and how many employees are required, then on this basis recruitment and selection would be conducted to get the best employees, these employees would be polished by training and would be compensated by salary and benefits, maintaining performance standards, ensuring that employees meet the various organizational regulations and health safety standards.Role of Technology in HRMThe summarized explanation of HRM and its purposes and functions reveal that there is lot of activities that needs to be performed by this department. The effective and efficient HRM has reached to complex stages. Question now arises is that how does technology helps in accomplishments of these purposes and performance of these functions?Technology has not only brought revolution but technology itself has revolutionized and improved then what it used to be at its initiation. Technology has proved an effective blessing in the managerial setup as it has come up with tools that have changed the working of employees, the roles undertaken by them and how they get their work done. Similarly, HRM is facilitated as the HR manager has found tons of utilization of technology for performance of HRM functions.Technology and HRM together combine to form processes and systems that are termed as HR Technology or Human Resource Management System. The combination deals as to merge HR activities and functions with technology tools in form of different data processing and software.The main software in this case is Enterprise Resource Planning (ERP) software which is standardized software. Through this software a database is established with integration of various kinds of information. This database has Human Resource Module which has given an edge t o HRM.HRM requires keeping of records of employees. This has been enabled by HRM system as it has provided with different databases and system through which all past record, activity of employee, his skills, performances and all other relevant information can be stored and accessed to easily.Technology has enabled high automation of the processes and data. This has been achieved by use of mainframe computers and client servers. All this technology is capital sensitive and requires high amount of investment but as the technology improved and there came client servers and Application Service Provider which have given businesses an ease.There are various applications of HRM systems in relevance to HRM functions. There is a payroll module which as an automated payroll system. It supervises the employee’s monthly record, his attendance, taxes, deductions and all other payroll activities. All this is automated and after all the rapid calculations the final amount of pay is deduced. Apart from that there is work time system which facilitates to establish standard work time, gather work time information of every employee and his efforts. There is also benefits administration module which checks the degree of employee performance has contribution and accordingly decides on compensation, insurances, allowances and other benefits.There is an HRM module which covers various activities and aspect of the human resource management cycle from its initial level of applying of an employee to his retirement. This module keeps records of applicants, capabilities and skills, then the selection, training and compensation management.Apart from that most famous application of technology for HRM is the online recruitment system. Through this organizations advertise their vacancies and requirements to attract potential candidates to apply. There is also a Learning Management Software which comes under the training module which is used to cater to the training of employees to see how they improve and develop more towards organizational goals (HR Management, 2010).The above are some of the main applications of technology in the field of HRM. There are many other applications as well which have helped organizations to standardize and improve their HRM departments. Businesses from all the different sectors have utilized the technological aids for their assistance and have yielded more effective and efficient results. Technology and HRM are therefore part and parcel and it is necessary for any organization to adopt innovative technological measures and methods to reap good fruit for its HRM as HRM is the main heart core function of the entire organization.HR Technology in different sectors HRM and Technology, or HR Technology is utilized in different sectors across the globe. Though it has different scope and dimensions which vary from country to country but nevertheless we see HR technology being used in one way or another in different components of these secto rs.The main two sectors classified are known as private and public sectors. In simple terms private sector includes business operated by an individual without the state interference and control for profit. In contrast public sector is controlled by the government state and includes services for the citizens. In both sectors we see that HR technology has its dynamics and applications. A special emphasis would be laid on public sector.Private Sector In private sectors there come many educational institutes, health centers, services industry, businesses and many others that are run for profit as well as the well being of the citizens. We see that in all these components of private sectors there is a need to supply of human resources and also important is that these human resources should be managed in form of proper training and other managerial activities. In all of these components, HR technology is witnessed.The first requirement for them is human resource. For this they advertise f or recruitment of the potential candidates through online recruitment methods. After this the CVs and resumes of the applicants are gathered online and scrutinized. HR technology helps feeding in the criteria for hiring online and then these CVs are arranged according to this criterion in chronological order. This facilitates selection stage. The mails are generated through this system automatically to the selected candidates. Then these candidates undergo training modules through different learning software which they apply. The record of their compensation and benefits is maintained in form of payroll modules. An entire HRM module is also there which covers all the activities from step 1 to last step.Public Sector As discussed earlier, public sector involves government i.e. it is services provided by the government. Public sector has varying components from nation to nation. Commonly, every state includes military, police, education, healthcare, society services, public education and public roads and transits.In all these components of the public sector there is a need of proper human resources to run these areas and these human resources need to be managed. HRM is seen in the form of government plans for proper execution and setup of HR plans. The most important of these components undoubtedly is health sector which requires highest expenditure on human resources.The human resource in health sector is in the form of administrative and managerial staff, doctors, specialists and lower medical staff. There is software available for health sector. This software performs various HR activities. The software provide various HR solutions in the form of user defined answers to the medical problems as well as it provides integration of the entire HRM system in form of HR solutions, Staff Scheduling, Payroll and covers the entire stages from hire to retire.There are many different examples that can be quoted here such as SAP Environment, Health and Safety Management. This ensures that the Environment, Health and Safety standards are followed properly by the HR and that they comply with it. There are other examples such as Quadrant HR which is also a tool with integrated HR solutions for health care.The use of this HR technology has improved the health sector and has eased the managerial problems. Through this, the chances of errors in staffing and payroll have decreased and also it has reduced operational expenditure for governments.There are other examples as well which show how HR technology has helped the Public Sector. There are public sector organizations on various levels such as provincial, national or international levels that require HRM systems. They require some regulatory standards and develop systems and processes through which these standards can be followed. Apart from that there is need of all the HR activities of managing records of employees, payroll, scheduling, benefit administration and all other related HR work.For this pur pose a company PeopleSoft has an HRMS for public sector. This HRMS has enabled the compliance with the regulatory standards and has also fulfilled all other requirements in form of Human Resources, Benefits Administration FSA System, Payroll, Payroll Interface applications and Human Resource Budgeting. Apart from that, their latest release includes a more advanced Web Client and an integrated Online Analytical Processing (The Free Library, 1997).These are few examples which show that how effective the use of technology can prove if the technology is used effectively. HRM and technology work together and together they create a positive impact that is not only flourishing the public sector but all other sectors where there is always application of HR technology.These facts show that the future holds prosperous prospects for HR technology in all the fields of a nation as there will always be a need of human resources and their effective management. The next section of the paper will sh ed some more light on the future prospects of HR technology.Future of HR TechnologyThe future of HR technology can without doubt be said is good because the conditions around the globe are changing rapidly. The companies must have flexible operating tools at hand to cope up with these changes.Technology offers the element of flexibility and change to the HRM in form of technologically capable adaptive tools and HRM systems. These systems not only offer effective results but also capability to take on these changes and challenges. But there is always a room of improvement which can be made in HR technology as well.Improvements can be brought in the form of implementation of better technology by the time. Whenever there is launch of a new technological package which can be helpful to the companies, they must explore it and try to implement it in a way that would facilitate the HR activities.There can be launch of further tools such as Talent Management tools, Strategic HR planning too ls, outsourcing components, better payroll systems, online recruitment system, HRM systems, HR modules and overall an entire HR package.The future of HR technology would have to come up with tools that entail the entire business strategy and accordingly formulate an HR strategy so that it is made sure that organizational goals and HR activities are aligned. This can be possible by developing HRM systems whose processes are not only measurable but they also take it to the entirely different and better level of sophistication.The future of HR technology focuses on bringing together business and believes in the formation of more integrated functionality. There are components like portals, business intelligence (BI) and talent. These components would solely not be very effective, but if they are integrated, their combined effect would yield good results. There must be specific attention towards talent management along with portals and business intelligence which would enhance the future scope of HR technology for the globe (Systematic HR, 2006).There are future projects on hand which incorporate the use of technology to enhance the HRM. The effective implementation of these projects would guarantee success of HR technology in future.Conclusion Human is the basic element of the universe and it is around him that the Earth revolves. Human is a part of society which is part of economy which further is part of the country. Business is the most important aspect of the system as the economy of the system is dependant on it. Hence human is the main resource through which businesses operate, societies flourish, economies prosper and countries improve.Therefore there is requirement of managing the human resources which comes under the vast field of Human Resource Management (HRM). The infusion of HRM with technology has improved the standards of businesses and its different sectors. It has enabled managers for better supervision of the employees, has raised performance and has inculcated elements of scrutiny, supervision, administration and better management all over.There are many HR activities which start from advertising online for recruitment, selection, training, compensation, benefits and many more. Technology has facilitated in the form of many different technological tools such as online recruitment, payroll module, training module, benefit administration, HRM system, HR module and many more.There are many other applications as well which have helped organizations to standardize and improve their HRM departments. Businesses from all the different sectors have utilized the technological aids for their assistance and have yielded more effective and efficient results. Technology and HRM are therefore part and parcel and it is necessary for any organization to adopt innovative technological measures and methods to reap good fruit for its HRM as HRM is the main heart core function of the entire organization. The application of these technological aids has not only facilitated HR activities but has also yielded effective and efficient results.HRM and Technology, or HR Technology is utilized in different sectors across the globe. The main two sectors are public and private. In components such as military, police, education, healthcare, society services, public education and public roads and transits there is wide range of technological application and aids that we witness for facilitation of HR activities.These facts show that the future holds prosperous prospects for HR technology in all the fields of a nation as there will always be a need of human resources and their effective management. The improved and new technological aids in future can even further widen the horizon of HR technology in the form of innovative tools such as talent management, business intelligence and many others.ReferencesHR Management. (July, 2010). Technology Aids the Human Touch.   Retrieved on July 22, 2010, from, http://www.hrmreport.com/article /Technology-aids-the-human-touch/Systematic HR. (June, 2006). The future of HR Technology. Retrieved on July 22, 2010, from, http://systematichr.com/?p=439The Free Library. (1997). PeopleSoft Delivers HRMS for Public Sector Release 7.   Retrieved on July 22, 2010, from, http://www.thefreelibrary.com/PeopleSoft+Delivers+HRMS+for+Public+Sector+Release+7-a020064725

The Child King Henry VII got married in 1509, 1533, 1536,...

The Child King Henry VII got married in 1509, 1533, 1536, 1540 (twice), and 1543 - why? Henry VIII is one of the few English monarchs recognizable even in America, for his antics are legendary on both sides of the Atlantic. He is as notorious for killing important people as he is for getting married six times and his break with Rome. Indeed, Henrys reign would make a good comic book, for he was always off on some new half-baked project, be it invading France or plotting a crusade. His whole life was marked by impulsiveness and his OK, that was fun, whats next? attitude. He never outgrew many childlike character traits, at times stubborn and the next moment almost a gullible pushover. This childish disposition is the key to why he†¦show more content†¦A Spanish envoy named Fuensalida even remarked that Henry was so sheltered that he might have been a young girl (Scarisbrick 6). The result of such an insulated youth and lack of kingly training is predictable. Henry grew older, but he never grew up. Even in 1540, by which time Henry was advanced in age, the French ambassador Marillac wrote of him that he suffered from lightness and inconstancy which has perverted the rights of religion, marriage, faith and promise, as softened wax can be altered to any form (Douglas 394). One might not expect the ambassador from France, Henrys now-and-again archenemy, to be neutral in his assessment, but Henrys actions also reveal his immaturity. During the first half of his reign the king was more interested in partying than politics. The Venetian diplomat P. Pasqualigo described a visit to Henrys court in 1515: We at length reached the king, who was under a canopy of cloth of gold, embroidered at Florence, the most costly thing I ever witnessed†¦Very close around his neck he had a gold collar, from which there hung a round cut diamond, the size of the biggest walnut I ever saw, and to this was suspended a most beautiful and very large round pearl†¦ After dinner, his majesty and many others armed themselves cap-à  -pie, and he chose us to see him joust, running upwards of thirty courses, in one of which he capsized his opponent (who is the finest jouster in the whole kingdom), horse and all†¦ (Douglas