Global Marketing Plan Report in Saudi Arabian market Assignment

Global Marketing Plan Report in Saudi Arabian market - Assignment Example The company wants to enter in the market of Saudi Arabia. In this context, the market of Saudi Arabia will be analysed with respect to different parameters. The analysis of the market will help to bring out the potential and threats of the market for the international business operations. This report will assist to provide details about marketing opportunities and potentials for the global business environment. Background of Argos Ltd Argos Ltd is the UK based retail firm that operates as a multi-channel retailer recognised for delivering value, choice and convenience to the customers. The company offers general merchandise and products for home through their 700 stores located in the UK market and Republic of Ireland along with online and telephone assistance. During the financial year of 2010, the company had been able to generate more than ?4.30 billion with the workforce of 33,000 across the business segments. The company serves more than 130 million customers annually. They are able to generate sales through the internet that consists of 26% of the total sales. These are few of the reasons for selecting the company for the analysis (Argos Limited, 2011). Marketing Plan Considering the Business Environment In order to identify the various aspects of Saudi Arabian retail market, SWOT analysis will be conducted which will bring out strengths, weaknesses, opportunities and threats prevalent in the market. Strengths The Fast Moving Consumable Goods (FMCG) segment of Saudi Arabia shows huge potential. There are more than 24.20 million people out of which 7.0 million are non-Saudi residents consuming FMCG goods (Mousa, 2009). The retail sector of Saudi Arabia is expected to grow by a hopping US$ 125 billion by 2014 as there are several international brands planning to enter the retail market of Saudi Arabia. In the global retail ranking, Saudi Arabia has positioned itself in the ninth place. The market has been able to attract many international retailers and had overtaken well-known retail destinations such as Russia, Hong Kong and Japan. More than 43% of international brands are attracted towards this retail destination. The present micro as well as macro economic factors such as population growth and local infrastructural expenditure on new cities highlights Saudi Arabia’s rising influence as a retail destination to expand to (Sambidge, 2010). Weaknesses The economy is highly dependent upon oil industry. The fluctuation in the price of oil creates imbalance in the economic situation. In addition, there are several political threats that make the country’s environment unfavourable for business. There had been huge decrease in the employment rate in 2009 and its effect is still seen in current year by considerable extent.

HUMAN RESOURCES MANAGMENT 2 Assignment Example | Topics and Well Written Essays - 2000 words

HUMAN RESOURCES MANAGMENT 2 - Assignment Example It is recommendable for the company to make use of a flexible benefit option that will allow employees to get compensation in accordance with their desires and needs. Performance appraisal is defined as the structural formal interaction between supervisors and subordinates which usually take the form of a periodic interview through which the subordinates work performance is examined in order to identify the strengths and weaknesses, as well as opportunities for improvement and skill development. Performance appraisal system (PAS) is aimed at improving the performance of the overall organization by encouraging a high involvement level and motivation on the employees, as well as increases participation (Toppo & Prusty 2012). The system also establishes a process to use in the achievement of accountability and responsibility in the process of executing programmes in the organization. The human resource management of the Coca-Cola India Ltd believes that on the importance of employees as they are the main drivers of the company. The HR considers the employee as being its greatest assets and it requires their ultimate dedication to employments to make the best out of the company. The main objectives of using the appraisal system to the company are to: Recognize the top performers of the company- The company aims at recognizing and providing positive feedback on all top performers in order to ensure that they are motivated and challenged to enhance the growth of the company Improve planning- The Company aims at reviewing the status of all bottom performers in order to take all appropriate actions. The appraisal system helps the company to prepare performance improvement plan for all the bottom performers. Performance delivery and review of results- The Company aims at assessing the progress of the business results, assessing the progress on the competencies and development of the workers and to make clarifications on the