Read the “Transition at Whirlpool Tatramat: From Joint Venture to Acquisiton” (Attaches) case study in your textbook, and submit answers to all the questions that follow the case study

Defining a business strategy is part of the strategic planning process and is necessary for achieving the company’s goals and objectives. The steps involved in creating a business strategy are critical and it is imperative that the appropriate amount of time is spent in getting it just right As the director of strategic planning, you want to ensure that all your managers understand business strategy, including what a strategy is, how it’s created, and who is responsible.PromptCreate a one-page document describing business strategy for mid-level managers. Specifically, you must address the following criteria: Definition : Define the term business strategy in your own words. Formulation : Briefly outline the steps involved in formulating a business strategy.Responsibilities: Explain who is responsible for and who benefits from good business strategy.Corporate vs. business unit strategy : Describe at least two ways in which a corporate strategy is different from a business unit strategy.

The Case Analysis How to Downsize Successfully While Using HRP FundamentalsA successful franchise owner of a prestigious sporting goods chain is feeling the effects of technology, with more and more online sales and less and less customers in the shops. Locally there are three stores, and typically each store needs the following positions staffed for optimum profitability and success: a store manager, an assistant manager, five department managers, and 20 customer service representatives, averaging $1 200 000 in annual revenue. However, there has been a trend of 20 percent sales decline in stores, with an increase of 30 percent sales online (last year the online revenue stream was $300 000). The franchise owner was able to handle all of the online sales with a team of five full- time remote workers (working from home) last year.The owner wants each store to maintain their productivity, which he measures as the revenue per employee. He also thinks that there is potential to grow the online business.Please help the owner by answering the following questions. Questions 1. Using your HR planning expertise, forecast the demand of labour in the stores and the online environment over the next three years.2. Assuming an annual 15 percent turnover level of in-store workers and a 30 percent turnover level of online-focused employees, determine HR supply estimates over the next three years.3. Do you forecast a labour shortage or surplus? Develop a clear plan to help address the forecasted labour shortage or surplus. Instructions Part 1 Conduct research in order to get information to address the following questions (# 1 and 2) from above case study Ensure you use some of the qualitative and quantitative techniques described in the course textbook to help formulate your answers. Include at least two scholarly sources.Using your HR planning expertise, forecast the demand of labour in the stores and the online environment over the next three yearsAssuming an annual 15 percent turnover level of in-store workers and a 30 percent turnover level of online-focussed employees, determine overall HR supply estimates over the next three years.Report the number of employees that will be surplus or shortages for each part of the business and for each year.Report the numbers of any employees that will need to be terminated each year and the services that should be provided for them.Additionally, provide some suggestions of activities you could engage in to determine supply details by internal vs. external candidates.You are to gather the information and write a business report which documents the results of your research above and presents it in a logical manner for senior management of the franchise.Your report must be concise (Maximum of 1700 words, double spaced, 12-point font excluding cover page and references page).It must be well-written, but in lay terms so anyone can fully understand your reasoning. Follow APA format and include a proper introduction that clearly outlines the purpose and flow of the essay, and a strong conclusion are important elements.You must also provide a properly cited reference page at the end of the report to support any of your conclusions.You must also provide appropriate academic references (minimum 2) to support your conclusions or recommendations to the owner. They should be vetted journal articles and company prospectus information rather than Internet sources.Remember, your objective is to provide an analysis on the labour forecast and turnover for the franchise owner, not simply to answer a series of questions. The questions are to help you focus your research. Your overall grade will reflect the strength of your analysis.2. Use the research sources that you found in Part 1 in order to get information to address the following questions:A. Do you forecast a labour shortage or surplus?B. Develop a clear plan to help address the forecast labour shortage or surplus. NOTE: your plan will need to include three strategies that focus on at least two of the following areas of HR: Training, Career Development, Total Rewards, and Turnover Management.