In this assignment, you are required to analyze Ofoâs operations in Hong Kong through respective research and study of Part I, II and III of this assignment.
(You are also permitted, upon approval of the lecturer to propose other organization operating in Hong Kong as your target of research and study in lieu of Ofo)
You may find the information for Ofo (or the approved organization) online, in Keynotes in the Library, Company reports, cases online, and the financial press. The literature sources should be books, journals, refereed papers and appropriate online sources. You should find the sources of information that you will use to deliver the three respective assessment parts. Your submission should address the following 3 Parts:
Part 1
By considering the specific operations strategy and performance objectives of Ofo it can be argued that Ofo in Hong Kong are focused on satisfying its customersâ requirements through a sharing economy business model which are dependable services at reasonable market price, as well as through strategic partnerships or other means to provide its customers the quality services they offer.
In this part, you should compare and contrast different models used by Ofo in Hong Kong operates and recommend appropriate solutions to continue being competitive in the market, make customers to select their services/to buy their products (issues to consider including service design and quality, customer value chain, cost implications and sustainability etc).
Part 2
For the new system you should include Root Definition, CATWOE and produce a detailed âRich Pictureâ (hand drawn is acceptable) to fully illustrate your answer. Your rich picture must indicate the problems as well as the solution. (Not included in the word count).
Tips: Structure for part two:
- Rich picture (fully illustrating part one).
- Root Definition (based on your chosen solution).
- Table for CATWOE (this is to test the Root Definition).
Part 3
Discuss how the managers would turn performance objectives into operations priorities and the resources that would be necessary for effective implementation of the suggested improvement/new process (about five hundred words).
Sample Solution
Presentation The investigation of HRM has made some amazing progress in a moderately brief time of presence. In a general public that has turned out to be progressively reliant on information and abilities plainly the organizations preparing play out a significant job in by and large association execution. This preparation originates from Human Resource Management rehearses. HRM practices are characterized as the exercises mean to upgrade the presentation of associations and representatives capacity to accomplish the objectives of association. HRM practices raise the results of HRM to impact the association execution This investigation spotlight’s on the connection between HRM rehearses factors and authoritative execution, effect of HRM rehearses on hierarchical execution and profitability. The presentation of an association relies upon numerous variables and representatives commitment. Effect of consolidated execution of workers on association execution is more prominent than people. Clarification, significance of relationship and the effect of the HRM rehearses on the presentation of association. Various methodologies of HRM practices and business methodology. It mirrors the methodology and various variables of the HRM rehearses. Impact of the individual and shared atmosphere levels of association Various Studies have underscored the commitment of Human Resource Management practices to the authoritative execution. These investigations concentrated on HRM rehearses. There is shared thought that HR practices are just viable when packs are viewed as including impetus framework, preparing, adaptable employment task, high selectivity and execution the executives. These practices add to expand worker and association execution by expanding the degree of efficiency and money related execution. HRM practices have an impact of spurring representatives to embrace the required practices, it connects to the authoritative atmosphere, administration condition and consumer loyalty. Result of speculation on representatives preparing every year, this observing is by and large demonstrated to be more grounded when an association furnishes representatives with open doors for the contribution in basic leadership and composes work in manners that permits representatives a more elevated amount of optional endeavors in the manner work is finished HRM rehearses and Organizational execution As indicated by investigations of Boselie, Paauwe and Jansen (2000), that connection between significant dependant and autonomous variable will change as per such impacts as innovation, unionization, industry, organization proprietorship and area, capital force, organization age and size. Possibility contentions suggest conceivably complex associations between HRM variable, among execution and possibility factors, between HRM factors and execution markers and possibility factors. Responsibility HR practices depend on the possibility that the closer an association’s HR practices took after the right prototypical framework, the more prominent the presentation gain Nicolai and Dana (2009), center around the effect of individual and groups of HRM rehearses. The focal point of the experimental research has been different and obviously reward and preparing have pulled in unbalanced. These are significant HRM rehearses, however it is difficult to contend on from the earlier grounds that positive effect of, for instance employment structure factors. They found that practices, for example, the utilization of specific procuring, the degree of preparing and dynamic investment of the worker in basic leadership were helpful for association learning, while bunch execution based remuneration was not observed to be critical for association learning Various HRM specialists have contended that cooperative energies are probably going to exist among individual HRM rehearses. These investigations show that when HRM practices are connected as lucid frameworks, they effectsly affect association profitability than the total of the individual impacts from each training alone Cristina (2007), clarify the relationship and effect of HRM rehearses in hierarchical execution. Individuals the executives ought to be matter of dialog and speculation with respect to organizations. With respect to as the hypothetical methodologies are concerned, the conceptualization of the relationship among HRM practices and business technique has brought forth three principle draws near, named universalistic, unforeseen and configurational. Under the regular relationship among HR Practices and association execution or result, these models conjecture diverse set s of variable and relations among them inevitably impact corporate outcomes In the perspective on Peter and Donna (2008), right off the bat approach which mirrors the early work looking at the effect of HRM rehearses certainly accepted a universalistic, reasonable model of work association yielded critical execution profit. This has been intently connected with a best practice model of HRM. Besides HR practices are required to have consistency with other authoritative components to be powerful. These components incorporate the idea of market and administrative change. Atmosphere of association both as individual level characteristic and as a lot of shared convictions and qualities â have impact of persuading worker to embrace wanted frames of mind and conduct that in the gathering, help to accomplish association’s objectives. HRM framework can be perused as correspondence between business to representative. The viability of HRM framework as correspondence to worker will rely upon those highlights that characterize HRM framework quality. These highlights are uniqueness, consistency and agreement. Rita and Miguel (2004), investigate has demonstrated that HRM practices add to hierarchical execution. Early investigations accentuated the effect of a few separate HRM rehearses, for example, pay, execution the executives framework and preparing. Later investigations announced the positive effect of HRM rehearses on hierarchical execution just as the highminded effect of HR modernity, estimated by interest in HR arranging, in contracting and in worker improvement on efficiency, especially in capital escalated association. These last examinations have a typical thought that heap of HR practices improve worker and association execution. Generally speaking arrangement of HRM practices built up the representative’s aptitudes, capacity and inspiration. Superior work framework add to improve worker and association execution by expanding the degree of profitability Association’s Demand and result for HRM rehearses As indicated by Bo Hansson (2002), in assessing the effect of preparing on the likelihood of the association being a top entertainer in the business, controlling for the past benefit is a push to gauge the net commitment of preparing to the benefit operation the association. Level of pay bills spent on preparing is essentially and decidedly connected with the gainfulness in an association. The extent of worker being prepared is certain however not critical. Most critical factor to show current execution is the past presentation The proportion of inside advancement is fundamentally and decidedly connected with benefit just within the sight of what amount is put resources into preparing and not in the assessments of what number of representatives are prepared each year. Concentrating on inside advancement is by all accounts a decent technique for association benefit as this methodology decreases the preparation. Since proportion of inner advancement is altogether within the sight of what amount is put resources into preparing Bruce and Benjamin (2009), clarify the individual association’s choice with respect to the degree of the interest in HRM rehearses. Following the mainline of HRM rehearses they expect the association short-run target is greatest money related return, which is essentially treating as most extreme benefit. This presumption breaking points to private division revenue driven associations. The HRM practices are treat as an info factor underway. That is the association’s yield is accepted delivered with work, capital and HRM rehearses. HRM is used along these lines, as a result of its lift profitability. HRM serves to created more yield and benefit Quality of HRM Practices and Turnover Rita and Miguel (2004), presents the connections between HRM highlight and result at authoritative level, for example, monetary execution and efficiency. HRM framework or practices makes the conditions to accomplish authoritative objectives by impacts representative attribution. Individual practices planned to accomplish goals, for example, advancing development, process manages how the HRM practices is structured and administrated to send sign to workers that enable them to make a mutual importance about the ideal reaction and aggregate feeling of what is normal. As per one examination (B Hansson, 2002), turnover is altogether and contrarily connected with being a top performing association. An enormous sum went through on representative consistently. It is significant for an association to hold their representative in that turnover lessens the profits to preparing. This thinking is as per the sound that versatility brings down an association’s preparation interest in that decreases the arrival on these preparation ventures. In any case, a clarification for the finding that versatility isn’t deciding the arrangement of preparing is that the monetary advantages to the association from preparing their workers exceed the expense of lost human capital venture that are brought about by close to home turnover. Significant assurance of preparing is close to home turnover as it influences the capacity of association to profit by preparing Points and Objectives Following are the points and goals of this investigation To demonstrate the Impact of HRM rehearses on the presentation of association Impact of HRM rehearses on worker’s presentation, capacity and conduct. Commitment of HRM rehearses in association execution. what bundle of HRM practices influence execution. The Relationship among HRM and Organizational Performance. Association Performance and HRM rehearses Ends We can con>
Presentation The investigation of HRM has made some amazing progress in a moderately brief time of presence. In a general public that has turned out to be progressively reliant on information and abilities plainly the organizations preparing play out a significant job in by and large association execution. This preparation originates from Human Resource Management rehearses. HRM practices are characterized as the exercises mean to upgrade the presentation of associations and representatives capacity to accomplish the objectives of association. HRM practices raise the results of HRM to impact the association execution This investigation spotlight’s on the connection between HRM rehearses factors and authoritative execution, effect of HRM rehearses on hierarchical execution and profitability. The presentation of an association relies upon numerous variables and representatives commitment. Effect of consolidated execution of workers on association execution is more prominent than people. Clarification, significance of relationship and the effect of the HRM rehearses on the presentation of association. Various methodologies of HRM practices and business methodology. It mirrors the methodology and various variables of the HRM rehearses. Impact of the individual and shared atmosphere levels of association Various Studies have underscored the commitment of Human Resource Management practices to the authoritative execution. These investigations concentrated on HRM rehearses. There is shared thought that HR practices are just viable when packs are viewed as including impetus framework, preparing, adaptable employment task, high selectivity and execution the executives. These practices add to expand worker and association execution by expanding the degree of efficiency and money related execution. HRM practices have an impact of spurring representatives to embrace the required practices, it connects to the authoritative atmosphere, administration condition and consumer loyalty. Result of speculation on representatives preparing every year, this observing is by and large demonstrated to be more grounded when an association furnishes representatives with open doors for the contribution in basic leadership and composes work in manners that permits representatives a more elevated amount of optional endeavors in the manner work is finished HRM rehearses and Organizational execution As indicated by investigations of Boselie, Paauwe and Jansen (2000), that connection between significant dependant and autonomous variable will change as per such impacts as innovation, unionization, industry, organization proprietorship and area, capital force, organization age and size. Possibility contentions suggest conceivably complex associations between HRM variable, among execution and possibility factors, between HRM factors and execution markers and possibility factors. Responsibility HR practices depend on the possibility that the closer an association’s HR practices took after the right prototypical framework, the more prominent the presentation gain Nicolai and Dana (2009), center around the effect of individual and groups of HRM rehearses. The focal point of the experimental research has been different and obviously reward and preparing have pulled in unbalanced. These are significant HRM rehearses, however it is difficult to contend on from the earlier grounds that positive effect of, for instance employment structure factors. They found that practices, for example, the utilization of specific procuring, the degree of preparing and dynamic investment of the worker in basic leadership were helpful for association learning, while bunch execution based remuneration was not observed to be critical for association learning Various HRM specialists have contended that cooperative energies are probably going to exist among individual HRM rehearses. These investigations show that when HRM practices are connected as lucid frameworks, they effectsly affect association profitability than the total of the individual impacts from each training alone Cristina (2007), clarify the relationship and effect of HRM rehearses in hierarchical execution. Individuals the executives ought to be matter of dialog and speculation with respect to organizations. With respect to as the hypothetical methodologies are concerned, the conceptualization of the relationship among HRM practices and business technique has brought forth three principle draws near, named universalistic, unforeseen and configurational. Under the regular relationship among HR Practices and association execution or result, these models conjecture diverse set s of variable and relations among them inevitably impact corporate outcomes In the perspective on Peter and Donna (2008), right off the bat approach which mirrors the early work looking at the effect of HRM rehearses certainly accepted a universalistic, reasonable model of work association yielded critical execution profit. This has been intently connected with a best practice model of HRM. Besides HR practices are required to have consistency with other authoritative components to be powerful. These components incorporate the idea of market and administrative change. Atmosphere of association both as individual level characteristic and as a lot of shared convictions and qualities â have impact of persuading worker to embrace wanted frames of mind and conduct that in the gathering, help to accomplish association’s objectives. HRM framework can be perused as correspondence between business to representative. The viability of HRM framework as correspondence to worker will rely upon those highlights that characterize HRM framework quality. These highlights are uniqueness, consistency and agreement. Rita and Miguel (2004), investigate has demonstrated that HRM practices add to hierarchical execution. Early investigations accentuated the effect of a few separate HRM rehearses, for example, pay, execution the executives framework and preparing. Later investigations announced the positive effect of HRM rehearses on hierarchical execution just as the highminded effect of HR modernity, estimated by interest in HR arranging, in contracting and in worker improvement on efficiency, especially in capital escalated association. These last examinations have a typical thought that heap of HR practices improve worker and association execution. Generally speaking arrangement of HRM practices built up the representative’s aptitudes, capacity and inspiration. Superior work framework add to improve worker and association execution by expanding the degree of profitability Association’s Demand and result for HRM rehearses As indicated by Bo Hansson (2002), in assessing the effect of preparing on the likelihood of the association being a top entertainer in the business, controlling for the past benefit is a push to gauge the net commitment of preparing to the benefit operation the association. Level of pay bills spent on preparing is essentially and decidedly connected with the gainfulness in an association. The extent of worker being prepared is certain however not critical. Most critical factor to show current execution is the past presentation The proportion of inside advancement is fundamentally and decidedly connected with benefit just within the sight of what amount is put resources into preparing and not in the assessments of what number of representatives are prepared each year. Concentrating on inside advancement is by all accounts a decent technique for association benefit as this methodology decreases the preparation. Since proportion of inner advancement is altogether within the sight of what amount is put resources into preparing Bruce and Benjamin (2009), clarify the individual association’s choice with respect to the degree of the interest in HRM rehearses. Following the mainline of HRM rehearses they expect the association short-run target is greatest money related return, which is essentially treating as most extreme benefit. This presumption breaking points to private division revenue driven associations. The HRM practices are treat as an info factor underway. That is the association’s yield is accepted delivered with work, capital and HRM rehearses. HRM is used along these lines, as a result of its lift profitability. HRM serves to created more yield and benefit Quality of HRM Practices and Turnover Rita and Miguel (2004), presents the connections between HRM highlight and result at authoritative level, for example, monetary execution and efficiency. HRM framework or practices makes the conditions to accomplish authoritative objectives by impacts representative attribution. Individual practices planned to accomplish goals, for example, advancing development, process manages how the HRM practices is structured and administrated to send sign to workers that enable them to make a mutual importance about the ideal reaction and aggregate feeling of what is normal. As per one examination (B Hansson, 2002), turnover is altogether and contrarily connected with being a top performing association. An enormous sum went through on representative consistently. It is significant for an association to hold their representative in that turnover lessens the profits to preparing. This thinking is as per the sound that versatility brings down an association’s preparation interest in that decreases the arrival on these preparation ventures. In any case, a clarification for the finding that versatility isn’t deciding the arrangement of preparing is that the monetary advantages to the association from preparing their workers exceed the expense of lost human capital venture that are brought about by close to home turnover. Significant assurance of preparing is close to home turnover as it influences the capacity of association to profit by preparing Points and Objectives Following are the points and goals of this investigation To demonstrate the Impact of HRM rehearses on the presentation of association Impact of HRM rehearses on worker’s presentation, capacity and conduct. Commitment of HRM rehearses in association execution. what bundle of HRM practices influence execution. The Relationship among HRM and Organizational Performance. Association Performance and HRM rehearses Ends We can con>
