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Instructions of BUS V32 Week 2 Assignment: Strategic Analysis and HR Planning at Meta
COMPLETE Ch. 2 Assignment
Due Sep 23, 2023 by 11:59pm
Points 35
Submitting a text entry box
Available until Sep 27, 2023 at 11:59pm
This assignment was locked Sep 27, 2023 at 11:59pm.
Chapter 2 Assignment: Saving Metaverse and Sinking Meta
In Chapter 2 we discussed the role human resources plays in strategic planning. The human resources manager works with the organization to define the organizational strategy and allocate resources toward the achievement of organizational goals. The text describes human resource planning as, “Analyzes and identifies the need for, and availability of, people so that the organization can meet its strategic objectives. The process ensures the right number of people with the right capabilities at the right times and in the right places”.
In this case study we explore where this planning process broke down at Meta (formerly Facebook). The company’s troubled Metaverse division was in trouble and Meta’s handling of it resulted in mass layoffs in 2023 rather than a slow and steady decline of the troubled division’s employees. You will watch three videos describing the Metaverse business demise, the CEO’s response to laid-off workers, and the employee’s social media response. In the assignment questions below, you will work through several strategic planning steps to identify when things went off course at Meta and provides examples of how Meta may have avoided mass layoffs. Be sure to watch ALL the videos prior to composing your responses!
Using only Chapter 2 content and the three videos above, respond to the following questions:
Early in chapter 2, the values of a strategic analysis is discussed. The lifecycle stage of the organization is a part of the analysis, as seen in table 2.2 (page 53 or slide 11). Using the criteria in table 2.2, 1. identify which lifecycle stage Meta is inand, 2. provide 3 examples from the videos that support your choice. Response must be a minimum of four sentences.
2 .From an HR Manager perspective, 1. develop a SWOT analysis of the Metaverse division ONLY of Meta by identifying one key strength, one key weakness, one key opportunity, and one key threat specific to the Metaverse ONLY (not Meta as an entire company) and based on the Zuck Bet His Whole Fortune on the Metaverse. Now, Meta is Failing video. Response must be a minimum of four sentences.
Figure 2-5 in the text and slides 25-29 review the Human Resources Planning Process, which includes Review the Environmental Analysis and Strategic Plans, Assess External and Internal Workforce, Compile the HR Planning Forecast, and Develop the HR Staffing Plans and Actions. Based on the Metaverse division ONLY, 1. identify one area that was missed in EACH of the four steps of the HR Planning Process that led to the mass layoffs, and support it with an example from the video. Response must be a minimum of four sentences.
4. Using content from your responses to the first three questions, 1. identify three examples of how Meta could have adjusted its strategic planning with HR and potentially avoided mass layoffs. Response must be a minimum of four sentences.
Step-By-Step Guide on BUS V32 Week 2 Assignment: Strategic Analysis and HR Planning at Meta
Precap from Week 2 Discussion
In week 2 discussion, we introduced ourselves and began building a community by sharing our backgrounds, experiences, and interests. This foundational step sets the stage for engaging discussions and collaboration throughout the course.
Introduction to BUS.V32.70564 Week 2 Assignment
Welcome to BUS V32 Week 2 Assignment: Strategic Analysis and HR Planning at Meta! This week, we will explore strategic analysis and HR planning processes using Meta’s Metaverse division as a case study. This Owlisdom How-To guide will help you navigate the Week 2 assignment, ensuring you address all necessary components thoroughly.
Identify which lifecycle stage Meta is in and, 2. provide 3 examples from the videos that support your choice.
Identify Meta’s Lifecycle Stage
As mentioned in the BUS V32 Week 2 Assignment: Strategic Analysis and HR Planning at Meta instructions, I will now discuss the lifecycle stage of meta and provide examples to support my response.
- Determine which lifecycle stage Meta is in using Table 2.2.
- Provide three examples from the videos to support your choice.
Example
Meta is in the Maturity stage of its lifecycle. This stage is characterized by a focus on maintaining market share and improving efficiency. One example from the videos is Meta’s substantial investment in the Metaverse, indicating a shift towards innovation within a stable market. Another example is the intense competition Meta faces from other tech giants, requiring strategic differentiation. Lastly, the videos highlight Meta’s emphasis on optimizing resources, which is typical of a company in the maturity stage.
Develop a SWOT analysis of the Metaverse division ONLY of Meta by identifying one key strength, one key weakness, one key opportunity, and one key threat specific to the Metaverse Only.
Develop a SWOT Analysis
Next, in the BUS V32 Week 2 Assignment: Strategic Analysis and HR Planning at Meta instructions, I will develop a SWOT analysis of Meta and identify its strengths, weaknesses, and threats.
- Identify one key strength, one key weakness, one key opportunity, and one key threat for the Metaverse division.
- Base your analysis on the “Zuck Bet His Whole Fortune on the Metaverse. Now, Meta is Failing” video.
Example
For the Metaverse division, a key strength is Meta’s strong financial backing, enabling extensive research and development. A key weakness is the public’s skepticism about the Metaverse’s practicality and value. An opportunity lies in the growing interest in virtual and augmented reality technologies. However, a significant threat is the rapid pace of technological advancements, which could render Meta’s investments obsolete if competitors innovate faster.
Identify one area that was missed in EACH of the four steps of the HR Planning Process that led to the mass layoffs, and support it with an example from the video.
Analyze the HR Planning Process
Then, in the BUS V32 Week 2 Assignment: Strategic Analysis and HR Planning at Meta instructions, I will identify an area that was skipped in each of the four steps of HR planning that led to mass layoffs.
- Identify one area missed in each of the four HR planning steps that led to mass layoffs.
- Support your analysis with examples from the video.
Example
One missed area in reviewing the environmental analysis and strategic plans was underestimating the market’s readiness for the Metaverse, leading to overinvestment. In assessing the external and internal workforce, there was a lack of alignment between employee skills and the new technological demands. The HR planning forecast did not account for potential market resistance, leading to overly optimistic projections. Finally, in developing HR staffing plans, there was insufficient contingency planning for scaling back if the Metaverse did not gain expected traction.
Identify three examples of how Meta could have adjusted its strategic planning with HR and potentially avoided mass layoffs.
Suggest Strategic Planning Adjustments
Next, in the BUS V32 Week 2 Assignment: Strategic Analysis and HR Planning at Meta instructions, I will explain three examples suggesting how Meta could have adjusted its strategic planning with HR.
- Identify three examples of how Meta could have adjusted its strategic planning with HR to potentially avoid mass layoffs.
- Use content from your previous responses.
Example
Meta could have adjusted its strategic planning by conducting more comprehensive market research to better gauge the readiness for the Metaverse. Additionally, aligning workforce skills with emerging technologies through targeted training programs could have mitigated some of the mismatch issues. Lastly, implementing a phased investment approach with periodic reviews and adjustments based on market feedback could have helped avoid the need for mass layoffs.
Closing
This How-To guide for BUS V32 Week 2 Assignment: Strategic Analysis and HR Planning at Meta aims to assist you in navigating the Week 2 assignment for BUS V32 effectively. By understanding strategic analysis and HR planning processes, you will enhance your ability to make informed decisions in organizational settings. Engaging in meaningful dialogue with your peers will further enrich your learning experience. Good luck with your assignment!
Precap for Week 3
Next, in week 3, we will delve into recruitment strategies and job advertisements, exploring how to attract and select the best talent for your organization. Be prepared to develop effective job descriptions and evaluate various recruiting methods.
