Role of Price Elasticity of Demand - Strategic Management Assessment Answer

Strategic Management Task

1. Discuss as to why Human Resource is very important in any organsisation and what would be the impact if there is no Human Resource department in any organisation.

2. Retaining good talents this days are hard to come by. What are the strategies you would implement in retaining talents at your organisation or if you have in your organisation exercising, share it. 
3. When comes to managing performance, do you believe that you should be as a coach in giving the feedback every week to your employees or as a manager that gives the feedback annually? What is your say on this and state the effeciveness
4. In today’s seeking the right employee for the job ensuring they perform and be loyal.
What are the aspect you as a manager would be looking when hiring the right employee for the organisation? Why do see that aspect and give the reason. 
5. Why is career development and succession planning is important to be implemented in any organisation? What would be the benefit of career development and succession planning for employees?
6. Do you think employees these days are attracted to come and work in an organisation due to the benefits being offered? Even if it is so, due to the current economic condition organisations are leaning the benefits and what would be the other ways employees could be compensated the necessary benefits atrracting them to stay and attracting the new one? 
SECTION B Answer all questions
1. Discuss some of the common errors that occurs in performance appraisal? 

2. Discuss how good HRM can contribute to a company’s success? 
3. As a human resource manager, you are advised by your CEO to consider the current employees in the company to fill the vacant positions in you organisation.
a) Provide 2 (two) justifications for the advice.
b) If you were to proceed with the advice, what should you do to publicise the openings to the emlpoyees?

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