Competitive challenges facing Management: Globalization Information Technology Reducing costs through downsizing‚ outsourcing‚ & off shoring Change in demographic (age‚ gender‚ education) Change in laws and regulations such as increasing employee rights in workplace Ethics and social responsibility Work-family balance Importance of service sector History of Management I- Classical Schools (Major Axiom: There is only one best way to do the job): Scientific Management (Frederick Taylor‚ 1900-
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Question 1 Analyse how BASF‚ by adopting a strategic approach to human resource management‚ seeks to proactively provide a competitive advantage‚ through the company’s HRM practices. Every organisation is concerned with competing effectively in the global market. BASF’s mission and values are set out in the case study (Mancosa 2014:38) as follows: Mission: To increase the satisfaction of customers‚ employees and shareholders. BASF makes sure that they add value‚ innovate to make customers more
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Questions 1. What should be the format and final form of the store manager’s job description? There is no standard format as to what should be included in the job description of store manager but most job descriptions cover the following sections • Job identification • Job summary • Responsibilities and Duties • Authority of incumbent • Standards of performance • Working conditions • Job specification 2. Is it practical to specify standards and procedures in the body
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1) Evaluate modus operandi of Syariah - compiant instruments below : Al Wadiah Saving Account Wadi’ah is a safe custody contract (akad) . There are two forms of Wadi’ahYadAmanah (Trustee Safe Custody) and YadDhamanah (Guaranteed Safe Custody). Originally‚ Wadi’ahYadAmanah where the custodian has the duty to protect the property by not mixing or pooling the properties or money under his custody‚ not using the properties and not charging and fees for safe custody. If he failed any of the above
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motivational techniques to overcome the issues in the organization First of all he resolved the technical problems faced by the employees to boost their confidence and escalated other problems which could not be solved at his level to the senior management. He regularly interacted with the employees and appreciated their good work‚ started to listen to their problems and explained them the importance of their jobs. They were made aware of the current situation and the competition between their organization
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the market. The Drive-Influence-Steadiness-Compliance (DISC) personality test is one which claims its system to be of a ‘universal language of behaviour’. The world acclaimed Myers-Briggs Type Indicator (MBTI) is a personality inventory designed to identify individuals’ preferences for perceiving and processing information. The Motivational Appraisal of Personal Potential (MAPP) allows the identification of true motivations towards work and states the kind of job that fits you best. As seen‚ each personality
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Analysis of Compal Electronics Global Spread Omer F.Qureshi Submission Date: Tuesday‚ 16 October 2012 Module: BUS5001 Contempory Business Degree Enrolled In: BA (Hons) Business and Economics Student Number: 12791676 1 Sypnosis The following report outlines the extent of the global spread of Compal Electronic ’s listed as 468 of 500 of the globes most lucrative businesses according to Fortune 500. The report discuess issues such as the extent of the firms global operations‚ outsourcing
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Chapter 1 – The Challenge of Human Resources Management 1. What is the difference between human capital and human resources management? Human capital: people’s actual knowledge‚ skills‚ and capabilities that have economic value to the company Human resources: managing human capital to achieve objectives 2. Explain how globalization is influencing human resource management. Partnerships with foreign firms & lower trade and tariff barriers -requires knowledge of business practices of the particular
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Environmental scanning is one essential component of the global environmental analysis. Environmental monitoring‚ environmental forecasting and environmental assessment complete the global environmental analysis. The global environment refers to the macro environment which comprises industries‚ markets‚ companies‚ clients and competitors. Consequently‚ there exist corresponding analyses on the micro-level. Suppliers‚ customers and competitors representing the micro environment of a company are analyzed
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Human resource development 1. Stages of human resource development Need investigation‚ design‚ implement‚ evaluation 2. Types of transformational learning styles Instrumental learning----learning to control and manipulate the environment Communicative learning----understanding each other’s inner world Emancipatory learning----becoming free of hegemonic assumptions 3. Principals of adult learning (Start with the known‚ readiness to learn‚ part learning‚ spaced learning‚ active learning) The
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