Strategic Human Capital Management
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Strategic Human Capital Management
Internal and External Threats to an Organization
Most of the internal threats in the organization are as result of errors and poor corporate practices by the employees. For instance, internal threats of the organization include both intentional and accidental problems such as fraud, mishandling of information by employees, errors due to lack of competence. Security of the organizations database may fail victim of the human error. External threats may include both external and external accidents. For instance, the modern computer systems with some components residing on the public internet pose risks. As such, a chain of occurrences such as a storm cutting out power to a server may affect the IT database. Other threats take the form of competition, political, economic, and social factors (Dragnić, 2014).
Methods to Detect Internal and External Threats to the Organization
The value chain and SWOT analysis are tools for detecting the internal threats of the organization while the PESTEL, Porter’s five forces analysis tools are useful in detecting the external threats of the organization (Dragnić, 2014).
Methods to Protect the Organization from Internal and External Threats
The organization can adopt the more sophisticated technologies to safeguard information. Regular audits are necessary to ensure that finances are being utilized appropriately. Monitoring and evaluation of programs is effective in addressing effectiveness (Menguc et al., 2010). Strategic planning and management ensures that the company stays on top of the competition.
Proactive Plan of Environmental Scanning to Evaluate any Existing Threats to AGC
The first step will entail gathering information about the externalities i.e economy, laws, demographic, and government factors. Next, AGC will need to focus on its competitors in terms of trends, threats, and opportunities that might impact its business. The other step will entail conducting an internal scan of the AGC in terms of strengths and weaknesses. Data should be collected through a series of methods such as focus groups, publications, library, leaders, and media. After collecting the data, analysis will be undertaken to identify changes that require to be made (Menguc et al., 2010).
The Purpose of a Code of Conduct
The code of ethics is a guide and reference for employees in undertaking the plans of AGC in achieving its goals. It protects the company and informs workers of their expectations. The code will help AGC to develop and maintain the standard of conduct for its employees, customers, vendors, and suppliers/partners (Dragnić, 2014).
Challenges of Virtual Offices
Virtual offices present several challenges including unproductively and communication problems (Menguc et al., 2010). However, these challenges can be overcome through a robust IT system that supports remote environment.
The Role of Human Capital Managers
The role of the HR is changing from the previously considered support function to a more strategic partner in helping companies achieve their goals. The HR managers at AGC will help in enhancing the employees’ contribution towards achieving success and competitive advantage (Menguc et al., 2010).
References
Dragnić, D. (2014). Impact of Internal and External Factors on the Performance of Fast-Growing Small and Meduim Businesses. Management: Journal of Contemporary Management Issues, 19(1), 119-159.
Menguc, B., Auh, S., & Ozanne, L. (2010). The Interactive Effect of Internal and External Factors on a Proactive Environmental Strategy and its Influence on a Firm’s Performance. Journal Of Business Ethics,94(2), 279-298. doi:10.1007/s10551-009-0264-0
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