Case 1: Malincho (Word limit: 1000 words‚ A4‚ 12-times new roman‚ 1.5 line spacing) Q1. What is the Case all about? Q2. Please describe Mr. Kalin Pentchev’s personality Q3. Is It a good opportunity for Kalin’s business? Q4. Where did Kalin find the capital? Equity or Debt? Q5. How well is Malincho doing 18 months after it opened its doors ? Q6. Would you loan money or invest in Malincho? Q7. What are your suggestions to Kalin? Malincho’s case is about a recently former Bulgarian entrepreneur
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MODELS OF HUMAN RESOURCE MANGEMENT Understanding models in human resource management (HRM) is essential for any human resource practitioner for three reasons. Firstly‚ it provides a macro perspective of HRM practice in overall organizational set up. Secondly‚ the unity and diversity of these models serve as vital inputs in drafting tailor made HRM model for organizations. Thirdly‚ these models offer answers to quite a few dilemmas that practitioners encounter in their mission to pursue an organizationally
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Why is strategic HRM so important for organisations? Explain how strategic HRM can be facilitated and how it can contribute to an organisation. Strategic HRM: can be defined as the linking of human resources with strategic goals and objectives in order to improve business performance and develop organizational culture that brings up innovation‚ flexibility and competitive advantage. Strategic HRM involves setting employment standards and policies. Moreover it is not any particular human resource
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1. Introduction It is widely accepted that business relies on effective human resource management (HRM) to ensure that companies hire and keep good employees and meanwhile they are able to deal with the conflicts between workers and managers. As we look at the history and content of HRM‚ there have been numerous changes in the world of human resources (HR) during the last decade as it shifts its focus from enhancing internal operations to maximizing contribution to the corporation’s business performance
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SANDEEP MALIK [49] SOURABH BAGHLA [61] MEANING OF HUMAN RESORSE MANAGEMENT: Human resource management (HRM) is the strategic and coherent approach to the management of an organization’s most valued assets - the people working there who individually and collectively contribute to the achievement of the objectives of the business. The terms "human resource
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com/0142-5455.htm ER 25‚3 Line manager involvement in HRM: an inside view Douglas Renwick Management School‚ University of Sheffield‚ Sheffield‚ UK 262 Received September Keywords Line management‚ Employee relations‚ Strategy‚ Human resource management 2002 Revised December 2002 Abstract Although line managers have always been involved in managing human resources Accepted December 2002 (HR)‚ it is within human resource management (HRM) that their involvement has been placed centre-stage as
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Evolution of HRM • History – MANAGEMENT – MAN MANAGEMENT • Approaches • Difference in Personnel Management and HR • EXAMPLES OF MANAGEMENT PRACTICES TROUGHTOUT HISTORY • Ancient • Medieval • Modern History Of HRM • Industrial Revolution – Advantages and Disadvantages • Trade Union Era – World War and Post World War • Social Responsibility – Paternalistic Approach • Scientific Management – F. W Taylor – Henry Fayol History Of HRM • Industrial Psychology – Human Factor –
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1996; Wright & McMahan 1992). This focus on the strategic role of HRM in meeting business objectives by creating an organizational environment that encourages employee behaviours and capabilities that contribute to firm competitive advantage has been labelled strategic human resource management (SHRM) (Bowen & Ostroff 2004; Collins & Clark 2003; Collins & Smith 2006). 1.1 Background of the Study Numerous studies have found that HRM practices have a positive effect on firm performance (Arthur
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LECTURE 12 : INTERNATIONAL HRM Objective of this chapter: 1) IHRM and differentiate between domestic HRM and IRHM 2) Role of HR in international firm 2) Management of Expatriates 12.1 Introduction – Definition of International HRM from the perspective of a multinational firm The field of international HRM has been characterized by three broad approaches. Early work in this field emphasized a cross-cultural management approach and examines human behavior within organizations from an international
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Evolution of human resources: Began in and around the end of the 18th century‚ when the industrial revolution took place. Its creation was based upon the reaction to the harshness of industrial conditions. Welfare Tradition: Was the first form HRM and in 1833 the factories act stated that there should be male factory inspectors‚ its first act came into effect in 1878 which was to regulate the hours of work for children and women by having a 60 hour week. Industrial relations: Really started
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