Scenario

You and a group of enthusiastic colleagues have recently graduated from university, and are

eagerly discussing a possible joint entrepreneurial venture, focusing on the production of

environmentally friendly electric vehicles. To fund this new venture, the team has been advised to

come up with a solid implementation plan, supported by the strategy implementation framework

to include detailed information on the business concept, strategic vision, mission, revenue model,

financial objectives, and projections and much more. The rising use of hybrid and environmentally

friendly electric vehicles $($EVs$)$ represents a significant shift in the automotive industry, with

various factors contributing to its increasing popularity, environmental awareness and climate

change concerns topping the list. Considering how competitive the business sector is today, it is

important that you also consider various alternative organizational strategies, as well as develop a

sustainable competitive advantage, to remain financially viable.

You are required to prepare a business implementation plan for your proposed business to

$4.$ Human Resource Strategy

a$)$ As discussed in the course, identify, and discuss three habits strategic leaders must

encompass with reference to the business venture, and success of the product or

service offered.

b$)$ Staffing an organization, building core competencies, capabilities and strategic

training serve to assist the firm in achieving a competitive edge. Additionally,

selecting the right human resources is crucial for success and growth.

o Identify, and discuss three of the best practices as discussed in the course

that your team will follow to develop a competitive advantage through

human resourcesinclude the following: