Al Nawaf Construction Company Case Study-Free-Samples for Student

Question: Discuss about the Al Nawaf Construction Company Case Study. Answer: Career Planning Program To begin with, a well-organized career planning and development within Al Nawaf will ensure the availability and development of human resources with the relevant skills, talent and knowledge. In turn, this will enable the company to run smoothly as the workers will possess the required skills for their jobs. In addition, a career planning program will ensure the implementation of favorable policies and work practices. In turn, it will improve the organizations ability to attract as well as retain skilled and talented employees. Noteworthy, an organization with a well-structured career plan is able to boost its image in the employment market and, as a result, attract and retain highly skilled and competent workers (Human Resource Management, n.d.). Furthermore, career planning will contribute individual and organizational development, and hence help in the achievement of corporate goals for the company. Moreover, a proper career planning program will work towards the development of a system that tries to satisfy employee expectations. Consequently, it offers a comfortable environment for its workers and minimizes employee frustration. Aside from that, career plan helps the organization to protect its employees interests and, therefore results in the promotion of organizational goodwill (Human Resource Management, n.d.). Indeed, the introduction and implementation of a sound career program will be very advantageous to Al Nawaf Company. Strategies for Competitive Advantage In order to gain a competitive advantage over other construction firms, the Al Nawaf Company must develop sound strategies. To achieve this goal, the firm must adopt business-level strategies that will help it gain an upper hand in the market. These strategies may include of cost leadership, differentiation and forming alliances. Cost leadership Al Nawaf may adopt the cost leadership strategy to compete for customers based on price. Particularly, the firm may provide reasonable value for the services they render at a lower price compared to that of its competitors (Amadeo, 2017). In this strategy, the firm must make an effort to reduce its costs relative to rivals in order to be a price leader (Amadeo, 2017). This may be attained through implementing a tight control over production costs, minimize overhead costs, reduce cost of sales and shrink the budget on research and development. Differentiation The organization may also gain a competitive advantage through differentiation. In this strategy, the firm may offer its customers greater value by offering unique services to its clients (Rouse, n.d.). Mainly, this is achieved through provision of high quality features, rapid product innovation and advanced technological features (Amadeo, 2017). By so doing, Al Nawaf will be able to lower its buyers costs, raise product performance and improve sustainability. Consequently, this will give the firm a competitive advantage over rival construction companies. Alliances Al Nawaf can also gain competitive advantage in the market by forming strategic alliances with other business in related industries. Such alliances may take the form of joint ventures in which they pool resources together and gain exposure to the global market (Lewis, n.d.). This way, the company will be able to gain an advantage over its rivals. Steps to developing a succession plan In order to develop an effective succession plan, Al Nawaf Company must align and follow three main steps: Step 1: Identify key positions The first step in succession planning involves identifying the positions that are integral to the success of the company (Feldman, 2016). Specifically, this includes those positions which without successors may lead to the slowing or collapse of the firm. Step 2: Find the best fit Once the integral positions have been identified, the next step is to determine who can be trained and mentored to eventually fill the position (Feldman, 2016). Step 3: Develop a training plan The third step involves management meeting with the identified employees to discuss mentoring and training plans (Wilson, 2015). Such discussions should inform the employee of the interest to promote them into the new role when the need arises, a timetable of the training process, short term and long term goals, and the managements expectations of the skills required to carry out the jobs duties (Gale, 2013). Conclusion All in all, Al-Nawaf Company will realize various advantages when they set up a career planning program for its personnel. By initiating a long term focus on career planning, the company will increase its effectiveness on human resource management. The company may also adopt strategies such as differentiation, cost-leadership and alliances to gain a competitive advantage over rival companies. In turn, this will enhance the firms position in the market. In the same way, developing a sound succession plan will help the firm transition smoothly in the event of loss of leadership, thereby ensuring continued performance and growth. References Amadeo, K. (2017). What Is Competitive Advantage? Three Strategies That Work. The Balance. Retrieved March 20, 2018, from https://www.thebalance.com/what-is-competitive-advantage-3-strategies-that-work-3305828 Career Planning. (n.d.) Human Resources Management. Retrieved March 20, 2018, from https://corehr.wordpress.com/hr-planning/70-2/ Feldman, J. (2016). 3 steps to succession planning. The Business Journals. Retrieved March 20, 2018, from https://www.bizjournals.com/bizjournals/how-to/sell-a-business/2016/05/3-steps-to-succession-planning.html Gale, F. S. (2013). Succession Planning Roadmap. Workforce. Retrieved March 20, 2018, from https://www.workforce.com/2013/03/11/succession-planning-roadmap/ Lewis, J. (n.d.). Four Methods of Competitive Advantages. Chron. Retrieved March 20, 2018, from https://smallbusiness.chron.com/four-methods-competitive-advantages-32344.html Rouse, M. (n.d.). Competitive Advantage. Search CIO. Retrieved March 20, 2018, from https://searchcio.techtarget.com/definition/competitive-advantage Wilson, T. (2015). 8 Steps for Effective Succession Planning. SABA. Retrieved March 20, 2018, from https://www.saba.com/blog/8-steps-for-effective-succession-planning