Question

Assignment Purposes/Learning Outcomes:

After completion of Assignment one students will be able to understand the following

LO1: To understand the role of human resources within the organization.

LO2: To differentiate between the major functions of Human Resources and their interdependency.

Read the case given below and answer the questions:

Faisal and Faris founded GOALZ, a sporting goods and equipment store and manufacturer, 10 years ago. Faisal and Faris had always been sports enthusiasts. As stellar athletes through high school and college, these twin brothers knew they wanted to open a business that catered to the leisure sporting industry.

Shortly after graduating from college, they presented to a bank the business plan they had developed as part oftheir small-business entrepreneurial course. They weregiven a loan, and with SAR 15,000 they had saved between them, they started the company. Initially, they were the only two employees.

Within the first six months of business, Faisal and Faris added three employees to help deal with a new contract they had just won. By the end of their first year,the company had more than SAR 300,000 in revenuesand six employees.

Faisal and Faris were pleased with their initial success, but they anticipated more competitors and knew they had to diversify their product lines. As they did, it became apparent that they needed to add a couple of locations to better serve their growing customer base, as well as hire more people to meetcustomer demand.

They now have 125 employees, 3 suburban branches, and annual revenues approaching SAR 10million. Overlooking their LAGOON, where employees try out new water gear (kayaks, swim fins, wet suits, racing suits, goggles), Faris says to Faisal, "Maybe we are getting too old for this. I got the prototype for the new soccer gear, and the labeling looks funny to me." Faisal scratches his head. "I do not know Lots of thingsgoing on around here that I don’t understand.

Kareem asked me if we could make a corner of the lunchroom into a babysitting place. Said we’d bework/life friendly. We’ve always been that, right?" They head outside to the GREEN, their golf supply area, and pass a few people who smile and nod. Faisal comments, "I don’t even know everyone who works here anymore. Amna in personnel asked me about an insurance file claim on Jood from her optometrist. I don’t even know who Jood is or why we have vision insurance. Amnatalked about ‘human resources issues."

Faris offers, "Last week I played racquetball with Asad." Faisal frowns and Faris goes on, "Sure, you know Asad. He runs that football club in Abha. He was bragging about their strategic new human resourcesmanager."

Faisal picks up the new goggles and says, TRY THIS OUT. "This golf club is a strategic advantage. What is astrategic human resource?"

Assignment Questions:

Is GOALZ affected by globalization? If so, how?

Answer 1

GOALZ is influenced by globalization, which has led to a need for strategic human resource management to adapt to a diverse and competitive global marketplace.

Step-by-step explanation:

Yes, GOALZ is affected by globalization. As the company expands, they employ a more diverse workforce, likely source materials and sell products on a global scale, and face increased competition from around the world. These factors have likely influenced Faisal and Faris to consider the importance of strategic human resource management in aligning the workforce with the company's growth objectives. The introduction of benefits such as vision insurance and the need for a dedicated human resources manager signifies GOALZ's response to changing and adapting in a global market. To maintain their advantage and ensure sustainable growth, GOALZ will need to focus on employee selection, job training, and performance assessment - all crucial HR functions. This is part of a broader strategy where human resources play a critical role in an organization's success, highlighting the importance of being work/life friendly and recognizing the interdependency of HR functions.