The utility of strategic plans in effecting strategic change for Essay

The utility of strategic plans in effecting strategic change for Randstad Holdings NV - Essay Example The researcher states that Randstad Holding NV (or â€Å"Randstad†) has its base in the Netherlands. It is the global company engaged human resource (HR) services industry by providing temporary and contract to staff to various clients. It functions under its five divisions including Staffing, Professionals, Resources (HR) solutions, Search & Selection and In-House Services.   Under its Staffing division, the company can provide temporary staffing, permanent placement. Under Professionals division, the company recruits of middle and senior management position and employees who must have professional qualifications, either for permanent positions or project basis. Human Resources (HR) Solutions division offers HR management and HR consultancy services. In-House Services guides clients to improve labor flexibility, retention, efficiency, and productivity. Its global operations beyond the Netherlands extends those in Chile, France, Canada, Greece, Mexico, India, Germany, Belgiu m, Bulgaria, Luxembourg, Spain, Switzerland, Poland, Portugal, the United States and the United Kingdom. Randstad falls under HR Services industry which can be described to still a growing industry. Having not yet reached its maturity stage based on the recorded growths in the industry and the flexibility being experienced in the world of work and as demanded by players of the globalized economy, the company is thus facing a very favorable environment. The significant macro trends in for the past five years cannot escape the financial crisis of 2008 to 2009 which has reached its global effects. The crisis could actually be considered a global one as biggest economies in the world were severely affected. Until this time, the unemployment level in the US and the UK are still at very high levels and it would appear that the stimulus packages implemented by their governments as a result of the crisis have not yet restored the lost trust from in the capital markets and the banking system . A number of good companies, however, have reflected positive growths in their revenues and profitability starting in 2010 and onwards.