Instructions: For this assignment, analyze a company that experienced significant challenges or failure due to inadequate HR forecasting or lack of attention to environmental factors. Using the concepts discussed in class, identify what went wrong and propose how the company could have better applied forecasting and environmental analysis to improve its outcomes. Write a 1-2 page response. Cite all sources in APA format.

Scenario-Based Task:

Choose a company that faced HR-related challenges contributing to its struggles or failure. Address the following:

1. Challenges Due to Environmental Factors:
   • Identify two environmental factors that impacted the company negatively (e.g., technological advancements, shifts in consumer behavior, regulatory changes).
   • Explain how these factors created HR challenges, such as skill mismatches, workforce reductions, or a failure to adapt to industry changes.
2. Missed Opportunities in HR Forecasting:
   • Discuss how the company failed to use HR forecasting effectively to anticipate and respond to these environmental factors.
   • Highlight one forecasting method or approach they could have used to predict and plan for future workforce needs (e.g., scenario planning, demand analysis).
3. Proposed Solutions:
   • Suggest how the company could have applied forecasting and environmental analysis to address these challenges.
   • Provide a practical example of how this approach could have helped the company retain its competitive edge (e.g., reskilling employees, hiring strategically, or diversifying operations).