The Strategic Challenges Facing The Firm Commerce Essay Example

company encountered difficulties initially when venturing into an unfamiliar field of employment services, it later inspired numerous organizations, such as Manpower Inc, with similar functions. The establishment of many competitors resulted from a substantial demand and supply gap in the employment agency sector. With an increase in rivals over time, the company had to modify its strategic management approach to tackle this new competition.

The company successfully implemented advanced workforce solutions and hired fewer but highly skilled individuals. Their expertise in the industry and market played a significant role in achieving this.

They evaluated the current external environmental conditions, which encompassed macro and industry environments.

Considering the macroeconomic conditions, one might anticipate a decline in demand for Manpower's services during a global economic downturn. However, there has actually been a substantial surge in demand for highly skilled labor across various sectors in recent years. This increase is attributed to an overall growth in demand and a reduction in the availability of skilled workers. Nevertheless, organizations have become more discerning in their recruitment and compensation practices as a consequence of the global economic crisis.

The decline in worldwide hiring tendencies has been caused by multiple factors, including recent economic recovery patterns. Yet, this rebound has also generated a rise in the requirement for proficient laborers who can competently carry out tasks for companies at an affordable price. Therefore, there is an increasing demand for temporary staffing solutions. Manpower, being one of the pioneering firms in this sector, possesses the distinct benefit of expertise. Consequently, the company has been able to promptly comprehend and adjust to diverse laws and regulations that pertain to organizations similar to its own.

The company operates in

82 states and districts, grappling with the task of managing diverse social values and traditions. However, it has tackled this issue by recruiting locals from these regions, thereby minimizing cultural shock for both the company and its employees. In the employment services sector, there is a surplus of resources due to increased unemployment rates in the areas where the company operates compared to previous years.

Companies are increasingly outsourcing their recruitment needs due to recent experiences. This trend allows them to have access to a larger pool of individuals and increases their chances of finding the ideal candidate for a specific job. Consequently, the recruitment process becomes more competitive, bringing out the best in each individual and ultimately enhancing the company's likelihood of success.

By utilizing external employment service organizations, organizations can focus on their core competencies while entrusting the acquisition of skilled and sufficient personnel to these agencies. These services come at a significant cost, but companies are willing to pay for them. As a result, maintaining or enhancing the quality of their workforce has a positive impact on both revenue and brand reputation. Furthermore, the growing number of new companies in need of manpower contributes to the promising outlook for Manpower.

These new houses, being newcomers in the industry, prefer to outsource their workforce needs. The risk of facing new competitors in the employment services sector has been minimal so far, but it could rise in the future as skilled labor demand increases. To deal with this potential challenge, the company must offer effective and cost-efficient solutions to its clients. Manpower's primary rivals consist of Adecco, which is the world's largest employment agency serving 150,000 clients

through 6,600 offices; Kelly Services Inc., providing 750,000 employees across 2,500 offices; and Westaff with over six decades of experience. These competitors have achieved their status by engaging in extensive trading with clients.

Company resource audit - identifying the company's assets, resources, and competencies.

The most crucial asset for Manpower is its employees since the organization consistently emphasizes their efficiency.

The organization has a workforce capacity of only 30,000 employees but is present in over 4,000 offices, showcasing its strong presence. Manpower's employees are known for their high quality and have always distinguished the company from industry competitors. In addition to company-owned offices, Manpower also offers franchising opportunities, enabling them to efficiently find associates in new geographical areas while saving time and resources.

The use of this information will also aid the company in identifying suitable candidates for job positions, even without extensive knowledge about the specific country. Manpower is a frontrunner when it comes to innovative practices in the field of employment services. The company consistently strives to introduce innovative ideas in local markets and then adapt them for global markets. This innovation can pertain to process flow or quality standards.

By continuously monitoring and upgrading its current operations, the company has successfully identified future market demands. This has allowed the company to stay ahead of its competitors and improve its own standards in terms of quantity and quality of work, effectively enhancing international benchmarking. Additionally, the company constantly focuses on meeting the next requirements of its clients.

One of the company's important assets is its experienced leadership. They contribute to assessing future demand and guiding the organization towards meeting those demands. The management of the company plays a

crucial role in communicating the needs to employees and influencing them to find solutions. Another valuable asset is the company's research center, which focuses on the ever-changing quality and quantity of employment and the labor market. Journalists, economists, and other experts closely follow most of the surveys and research conducted by the company's research center. One of the company's famous research studies is the Manpower Employment Outlook Survey, which was launched in 1962.

The study predicts employment prospects in different areas and sectors of the industry, and is released quarterly. In addition, the company stands out from its competitors in the industry because of the various training and assessment methods it offers to potential employees. These methods facilitate communication of industry requirements and improve individuals' abilities to meet those requirements. The company's large size and global presence are major advantages, as they provide access to diverse environments and markets that inspire new ideas.

The company prioritizes Social Responsibility, offering support and enhancing individuals' skills to improve employability. The establishment of the Manpower Foundation in 1953 demonstrates this commitment by supporting education and job training programs, which remains active today. The company's objective is to provide innovative workforce solutions that assist clients in succeeding amidst a challenging and ever-changing environment. To accomplish this, the company aims to prioritize revenue, efficiency, innovation, and thought leadership. Expanding the customer base and increasing work completed for clients are essential components of revenue growth.

The objective is to meet the clients' demands and continuously assess the impact on the client, in order to improve it. Efficiency can be enhanced by focusing on speed of delivering solutions, quality of service, and efficient use of

resources, which also helps reduce costs. The emphasis on innovation means the company must consistently strive to identify innovative process flows in local markets and adapt them globally. Additionally, the company must expand its capabilities to provide services and solutions that alleviate confusion and burden for clients, particularly in workforce management. The company's thought leadership should involve evaluating future market trends and analyzing market dynamics.

This will help contribute to the creative design of employment and other human resource systems worldwide. Additionally, the company needs to focus on expanding into new markets that offer diverse and innovative experiences, which will further enhance the company's growth. This expansion should involve different geographical areas and economies with varying foundations and stages. The company demonstrated its responsiveness to market demands by introducing Salespower in 1958. Salespower provided individuals such as salespeople, merchants, shoppers, sampling stations, interviewers, and survey takers, all of whom could be utilized in market research activities.

The company launched the 'White Glove Girl' selling campaign to improve the employability of women for holiday jobs. Other campaigns include Youthpower, for student volunteers. These examples demonstrate the company's commitment to enhancing the overall level of training among individuals.

An assessment and evaluation of the company's current strategy (corporate, business unit, and global).

Manpower Inc is currently expanding globally, as well as at the business unit and corporate levels, in terms of the company's strategy. The company's corporate strategy has been to acquire as many efficient external organizations as possible. With 5 major global acquisitions in the last 6 years, it is evident that the company is seeking to broaden its presence in various markets.

The company purchased Right Management Consultants in 2004

for $488 million. RMC is an organizational consulting firm that also provides career transition services. Following the acquisition, Manpower has expanded its number of service locations by 300. This acquisition has also brought new expertise to the company in terms of services such as organizational development consulting. In 2005, the company additionally acquired ABC Consultants in India.

ABC Consultants provides professional and executive recruitment services in India, effectively increasing Manpower's presence in the country. This acquisition has also established Manpower as the top provider of permanent placement services in India. Furthermore, in 2008, Manpower acquired Clarendon Parker to further strengthen its market leadership in the Middle East. Consequently, this acquisition enabled Manpower to expand its operations to include Bahrain, Kuwait, UAE, and Qatar.

The company has expanded its presence in the Middle East market and acquired new talent and expertise. In addition, it has also acquired Vitae, a leading professional arrangement services firm in the Netherlands, and CRI, a top RPO provider based in Los Angeles. With over 60 years of experience, the company aims to comprehensively understand personnel sourcing. Moreover, it strives to enter new markets for revenue growth and learning opportunities.

The company is actively seeking new partnerships in the business industry and has already formed joint ventures with authorities in both China and the United States of America. In fact, the company was the first international office to establish a partnership with Chinese authorities, specifically aimed at supporting infrastructure demands by developing human resource schemes. Additionally, the company has collaborated with the United States government on various initiatives to improve skills for unemployed and underemployed individuals over time. Moreover, its operations have expanded into multiple

countries within the rapidly growing financial services sector, including one subsidiary called Jefferson Wells International.

The Financial Services operations of the company were initiated in the UK in 2004 and have since been expanding. The incorporation of technology has played a pivotal role in Manpower Inc.'s triumph. The company has employed diverse online learning platforms to offer services to associates situated in remote areas. Furthermore, it has developed distinct learning modules aimed at enhancing the skills and industrial proficiency of individuals across various sectors. The global strategy of the company revolves around establishing a presence in as many countries as possible, with the objective of making an impact on their job markets and standardizing its own operations. With a widespread existence in over 80 countries on a global scale, the company is consistently seeking new markets to broaden its outreach.

An analysis of strategic execution, organizational structure, usage of power and control, and consideration of the company's doctrine and strategic approach to the global management of its operations. The company has achieved significant revenue growth through strategic decisions that have also expanded its customer base and operational reach. Currently valued at USD 22 billion, the company has performed admirably in meeting customer needs promptly. However, there is room for improvement in targeting diverse markets and addressing emerging customer demands. Sustaining the company's reputation will require substantial effort. It should continue implementing innovative strategies while periodically evaluating their effectiveness. The company's organizational structure follows a hybrid model with functional and customer-based departments.

This will greatly benefit the company by allowing management to have control over both internal operations and customer requirements. The company's philosophy and goals are centered around

providing what clients need and being at the forefront of employment services. The company has successfully met client demands and predicted future needs in the global market. Currently, the company is venturing into developing markets in the Asia-Pacific region and other potential markets in South America.

This will assist the state in analyzing the markets from the nascent phase as these markets are projected to be the ideal markets in future. Based on your analyses, what are the most pressing issues that need attending through the company's planetary scheme? Recommend a class of action. The current enlargement scheme of the company has to go on in order to do it the universe leader in its sphere of employment services. But the company has to be cautious in picking up companies and taking new markets so that the differences in these markets would non impact the company in a negative manner. The company should besides concentrate more on perpendicular integrating of its services.

One way to achieve this is by integrating more HR services to provide a complete solution and standardize procedures. The range of solutions can be expanded to include other aspects of the HR value chain, such as employee assessment and compensation management, and efforts can be made to enhance knowledge in these areas. Additionally, the company should prioritize increasing the use of web-based services for its clients, as this will help make the processes more cost-effective.

With the aggressive acquisitions made in recent years, the company must now prioritize developing existing units and enhancing global brand value. Additionally, expanding presence in the growing sector of lasting employment services is crucial due to projected high demands in

the future. Improving efficiency levels is also essential to set the company apart from competitors and reduce costs. Moreover, meeting customer demands by analyzing their needs and training individuals to deliver personalized solutions should be a major focus.

The company's research studies highlight some of its strengths. As a result, the company needs to focus on these studies and continue to develop more reliable and comprehensive research.