Strategic Human Resources Planning Research Paper - 1

Strategic Human Resources Planning - Research Paper Example Corporate expansion is an issue that aims as wining a larger market share with the aim of increasing sales and hence more profit. Though to many business organizations corporate expansion is aimed at making more profit, it is not always the case. It is an act of risk taking with speculations that objectives will be achieved. When the expected outcome is not realized, the organization gets a big loss. This is the reason why Ericson (2007) depicts that despite the fact that corporate expansion is a fundamental form of strategic variation for business entities, it is the least understood outcome in the business sector, in which incentives, and constraints abound. For Hilton Hotel to achieve organizational expansion successfully, several financial actions must be taken. Obviously, in expanding into new markets, one of the main reasons is to beat growing competition. This means that proper planning must be factored in. Since the main objective of corporate expansion is to typically bettering existing corporate performance through increased profitability, enhancing business growth, and increasing the chances of survival in the market, several financial actions must be taken. To begin with, the organization must have evaluated the potential clients thus must establish land where the infrastructures will be build. The amount expected to set up a hotel is notably high. For high-class hotels like Hilton, the amount of money required is relatively high. This is because the organization is aimed at accommodating high-class people meaning that expensive materials are required. When the Hotel is already established, it must be equipped and the necessities put in place. These include food and accommodation facilities. In such a case, money will be crucial to ensure that the standards of Hilton Hotel are maintained. This aspect comes in as a form of production where by more finances are set aside to provide more and