Q.1 : The Key pillars of Nestles strategy include being recognised as preferred corporate citizen, preferred employer, and preferred supplier of preferred product.
Based on this strategy of being organisation of choice,analyse how Nestle is able to integrate and align their HRM practices with overall business strategy.
According to Webster's New World Dictionary, strategy is "the science of planning and directing large-scale military operations, of maneuvering forces into the most advantageous position prior to actual engagement with the enemy" (Guralnic, 1986). The origination of word “strategy” is from military background however it is very much relevant in today’s business world. Any organisation needs to have well structured planning and implantation process to survive and keep well ahead of competitors. It is a known fact that the HRM practices has major influential role in managing a business successfully.
Alignment of Human resources management practices implies integrating decisions concerning employees with decisions regarding the outcomes a business is attempting to reach the objective of the company in relations to its business targets.
Nestlé S.A. is the largest nutrition and foods company in the world, founded and headquartered in Vevey, Switzerland. Nestlé originated in a 1905 merger of the Anglo-Swiss Milk Company, which was established in 1866 by brothers George Page and Charles Page, and the Farine Lactée Henri Nestlé Company, which was founded in 1866 by Henri Nestlé. Several of Nestlé's brands are globally renowned, which has made the company a global market leader in many product lines, including milk, chocolate, confectionery, bottled water & pet food. (from Nestle website)
Key pillars of Nestle’s business strategy, to recognized as preferred corporate citizen, preferred employer and preferred supplier of preferred product is an amalgam of Nestle’s business objective and its core