The Hudson Bay Company.docx

In some segments of the market the government should

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practices that by carried out by organizations that enjoy a monopoly. In some segments of the market, the government should introduce price caps as well and quality standards to be adhered to. To implement a strategic position in the market, Hudson company needs to engage in progressive market research. This will help the organization to be up-to-date with the changing market environment and the dynamic customers’ preference. This will ensure see the company put in place a culture of innovation where the company continuously seeks new ways to generate value Hudson Bay Company should restructure the compensation plan for its management. This is bound to make the management more motivated and focused on propelling the company to growth. In the recruitment process, the potential candidates for the position should possess the required technical skills that are job specific as well as soft skills on how to deal with people.
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CASE STUDY ANALYSIS 7 The management plays an integral role in the motivation of employees, who are key for the success of the company.
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CASE STUDY ANALYSIS 8 Part B Key Consideration when Starting a For-Profit Company Internal Business Environment When starting for-profit company, it is important to consider the internal environment of the company. The internal environment for a business is comprised of various factors that are within the company and under the control of the company. The factors contribute to either the strengths and weakness of the company where the factor leading to positive impacts to the business are categorized as strengths, while the factors hindering the development of the company are regarded as weaknesses. Human recourse is among the essential internal environment factor that needs to considered when establishing a for-profit organization. It will be important to consider the number of employees to be engaged, skills level required, compensation plans, and motivation strategy. Another internal environment that will be important to consider when starting a for-profit company is capital resources required. Capital resources are essential to ensure that the company can manage to fund its projects and acquire the required assets to ensure the success of the company. Another important internal environment factor that will be to consider will be the desired organizational structure. A suitable organizational structure should be considered to ensure the development of a system that allow operations and authority to flow seamless within the company. It is thereby important to consider whether to select centralized or decentralized system. This consideration requires one to give a thought on how they expect the information to flow within the organization. It can therefore be noted that internal environment factors such as human resource, capital requirement, and organization structure are important factors to consider when start a for-profit company.
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CASE STUDY ANALYSIS 9 Target Market Another key consideration that one should consider when starting for-profit company is the targeted market clientele. This consideration requires one to consider market characteristics
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  • Fall '11
  • dan
  • Hudson's Bay Company, The Hudson Bay Company

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