Rationale
In our working lives, we are often required to research a topic, gather information from multiple sources and use that information as the basis for a report on a specific subject. In this assignment, you will have the opportunity to practice this skill.
Situation
At the beginning of your...
Globalization can be referred to be the process in which businesses or organizations
are seen to develop their international influences or start operating in a scale that is
international. Globalization has nowadays become so popular and has brought great impact in
the global economy and business. For instance, globalization has been seen to revolutionize
the fashion industry in one way or another. A good example is how the H&M has been able to
integrate economically in the global market. This has greatly helped in improving the
performance of H&M Company. H&M came to go global as a result of fast fashion
development and their ability to sell the fashionable clothes at low prices. This made it
possible for H&M to sell more and meet their goal. H&M has always had a goal to continue
expanding and as a result increasing the number of the stores they own by a significant
percentage every year. This paper will discuss how the company can be analyzed using the
McKinsey’s model, provide an evaluation of the sustainability department of H&M and the
impacts of globalization on H&M while putting into consideration the ethical considerations.
McKinsey 7s model
The design of the company can be analyzed by use of the McKinsey 7s model. The
model is a tool that is used to analyze the organizational design of the firm by having a look at
the key internal elements. The key elements in the model are strategy, structure, shared values,
systems, skills, systems, and skills. Since its development by McKinsey consultants, the
model has been seen to be widely used since it is known to be one of the well-known strategic
planning tools. It is seen to emphasize on human resources and not the traditional mass
production tangibles which include equipment, infrastructure and capital. These are viewed as
the key to high performance by the organization. The seven elements of the model are all
interconnected and whenever change is made in a single area, it would result to change being
needed in the rest of the elements for a firm to properly function.
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