H&M Business Manual
Business Manual For {draw:frame} Table of content
Summary ………………………………………………….……………………………………... 3 Resources …………………………….…………………………………………………………. 8 Strategy …………………………..………………………………………………………………..11
Type of organization ……..………………………………………………….....………………. 12 Product portfolio ……..…………………………………………………………………….….….14
Business culture ………………………………………………………………………………... 16
Human resource management ……………………………………………………………….. 19
Finance …………………………………………………………………………………………. 20
Conclusion …………………………….…………...………………………………………...… 25 References …………………………………………………………………………………….. 26 Summary We have been given an assignment by the board of directors of H&M to develop a business manual. This manual has to contain all the required information for a new employee to find his way through the company. We had to do research after a lot of points which where needed for the assignment. We had to do research about: the financial part of the company , HRM, products, information channels. The information we’ve found was put into words and included to the ‘’manual’’. Most of the information comes from the H&M website itself where all the old ‘’annual’’ reports were posted. We have done this research with a project group of 7 people.We had weekly meetings, which were very useful to us so we could see what progress we made. Also the planning for the next week(s) were made in this meetings. Also tasks were divided in the meetings so everyone knew what they had to do. The highest rank within the organization is the board of directors. They manage the whole company with help of the auditing committee and the managing director. The auditing committee supervises and controls the board of directors. And with the assistance of the managing director and his team there is a direct communication towards the central functions. H&M has four different SBU’s and Every SBU has the same central function. In the table below you can see how the communication works.
Chart
Summary ………………………………………………….……………………………………... 3 Resources …………………………….…………………………………………………………. 8 Strategy …………………………..………………………………………………………………..11
Type of organization ……..………………………………………………….....………………. 12 Product portfolio ……..…………………………………………………………………….….….14
Business culture ………………………………………………………………………………... 16
Human resource management ……………………………………………………………….. 19
Finance …………………………………………………………………………………………. 20
Conclusion …………………………….…………...………………………………………...… 25 References …………………………………………………………………………………….. 26 Summary We have been given an assignment by the board of directors of H&M to develop a business manual. This manual has to contain all the required information for a new employee to find his way through the company. We had to do research after a lot of points which where needed for the assignment. We had to do research about: the financial part of the company , HRM, products, information channels. The information we’ve found was put into words and included to the ‘’manual’’. Most of the information comes from the H&M website itself where all the old ‘’annual’’ reports were posted. We have done this research with a project group of 7 people.We had weekly meetings, which were very useful to us so we could see what progress we made. Also the planning for the next week(s) were made in this meetings. Also tasks were divided in the meetings so everyone knew what they had to do. The highest rank within the organization is the board of directors. They manage the whole company with help of the auditing committee and the managing director. The auditing committee supervises and controls the board of directors. And with the assistance of the managing director and his team there is a direct communication towards the central functions. H&M has four different SBU’s and Every SBU has the same central function. In the table below you can see how the communication works.
Chart
References: http://www.hm.com/nl/press__press.nhtml http://www.hm.com/nl/press/financialreports/annualreports__pressinvestorannualreports.nhtm http://www.hm.com/nl/investorrelations__investor.nhtml http://www.hm.com/nl/corporateresponsibility__responsability.nhtml http://www.hm.com/nl/corporateresponsibility/wesupport__wesupport.nhtml http://www.12manage.com/methods_porter_value_chain_nl.html