Functional Level Strategy: Danish foods Limited as Example
❖ Human Resource Management Strategy ▪ Finding: Missing of organizational analysis in needs assessment. Recommendation: Three factors need to be considered before choosing training. 1. Support of the managers and peers 2. Company’s strategy 3. Availability of training resources ▪ Finding: Lack of selecting training method. Recommendation: 1. Presentation Methods: Traditional classroom instruction, distance learning, and audiovisual training 2. Hands-on-Methods: Simulations, case studies, behaviour model, web-based training etc. ▪ Finding: No informal learning Recommendation: Employee can also follow informal learning for effectively develop tacit knowledge. Formal training programs can help employees acquire explicit knowledge. References Bdjobs. (2021, August). Company Information. Retrieved from Bdjobs: https://jobs.bdjobs.com/jobdetails.asp?id=986142&fcatId=-1&ln=1&JobKeyword=Pran Bdjobscareers. (2021, August 04). bdjobscareers. Retrieved from bdjobscareers: https://www.bdjobscareers.com/pran-group-job-circular/ Chakma, J. (2022, November 22). Economy: The Daily Star. Retrieved from The Daily Star: https://bangla.thedailystar.net/economy/news-419711 Glassdoor. (2008-2021). PRAN-RFL Center. Retrieved from Glassdoor: https://www.glassdoor.com/Interview/PRAN-RFL-Center-Interview-Questions-E530328.htm HAYES, A. (2022, August 22). IVertical Integration: Investopedia. Retrieved from Investopedia Web site: https://www.investopedia.com/terms/v/verticalintegration.asp Ians. (2022, October 22). World: kalingatv.com. Retrieved from kalingatv.com: https://kalingatv.com/world/inflation-in-bangladesh-rises-to-10-year- high/#:~:text=Data%20published%20by%20the%20Bangladesh%20Bureau%20of%20Statistics,in %20September%20from%208.85%20per%20cent%20in%20August. Life, R. (Director). (2019). Partex Star Group Profile [Motion Picture]. Retrieved November 11, 2022, from https://www.youtube.com/watch?v=P0rx1ACpUMU Oxford reference. (n.d.). Product flanking: Oxford reference. Retrieved from Oxford reference Web site: https://www.oxfordreference.com/view/10.1093/oi/authority.20110803100348299 Partex Star Group. (n.d.). Danish Foods Limited: partexstargroup.com. Retrieved from partexstargroup.com: https://partexstargroup.com/companies/danish-foods-limited/home/ Partex.net. (n.d.). Board of Directors: partex.net. Retrieved from Partex.net: http://partex.net/boardofdirectors.html PartexStar Group. (2014). Corporate: Board of Directors. Retrieved from partexstargroup.com: https://partexstargroup.com/corporate/board-of-directors/ Philip Kotler, G. A. (2018). Principles of Marketing (17th ed.). Pearson Education Limited . Rahman, S. (2010, July 6). Partex Group splits: thedailystar.net. Retrieved November 11, 2022, from https://www.thedailystar.net/news-detail-145603 Rishun, D. (2022, July 27). Stories: databd.com. Retrieved from databd.com: https://databd.co/post- pandemic-inflation-the-world-bangladesh/#ref_6 Shadhin. (2019, August 2). eduarticle.medium.com. Retrieved from Environmental analysis: eduarticle.medium.com: https://eduarticle.medium.com/why-is-environmental-analysis- essential-for-organizations-294e196a0a7b Smriti. (n.d.). Strategies Adopted By FMCG Companies for Making Their Brands Outstanding: your article library. Retrieved from Your article library Web site: https://www.yourarticlelibrary.com/marketing/product/strategies-adopted-by-fmcg- companies-for-making-their-brands-outstanding/29858 The Business Post. (2022, November 17). Economy: The Business Post. Retrieved from The Business Post: https://businesspostbd.com/economy/soybean-oil-prices-hiked-by-tk-12-per-litre-sugar-by-tk- 13per-kg Thomas L. Wheelen, J. D. (2018). Concepts in Strategic Management and Business policy: GLOBALIZATION, INNOVATION,AND SUSTAINABILITY. Pearson Education Limited. Thomas L. Wheelen, J. D. (2018). Concepts in Strategic Management and Business Policy: GOBALIZATION, INNOVATION, AND SUSTAINABILITY. Perason Education Limited. Wikipedia. (2022, February 23). Product line extension: Wikipedia. Retrieved from Wikipedia Web site: https://en.wikipedia.org/wiki/Product_line_extension