‘Resources underlie competencies‚ whereas competencies build resources’ Discuss this statement and explain under what conditions both resources and capabilities can create a competitive advantage for a company Introduction This essay will discuss how resources and competences are linked with regards to a firm’s performance and under what conditions they can be fully utilized to create a competitive advantage for the company in question. Main Generally it can be found that in a particular
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Enterprise Resource Planning (ERP) Supply Chain Management (SCM) Nowadays‚ businesses are not only requires to operate at lower cost to compete‚ it must also develop its only competencies to differentiate itself from competitors. Supply Chain management plays an important role in determining operation effectiveness in an organization. Supply chain management (SCM) is the management of a network of interconnected businesses involved in the provision of product and service packages required by
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Objectives of HRP: • To recruit and retain the human resource of required quantity and quality. • To foresee the impact of technology on work‚ existing employees and future human resource requirements‚ meeting the needs of the programs of expansion‚ diversification and to estimate the cost of human resources. • To improve the standards‚ skills‚ knowledge‚ ability‚ discipline etc. • To assess the surplus or shortage of human resources and take measures accordingly thereby minimising the imbalance
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people who are currently at risk of contracting it‚ the World Bank says(Bangladesh News). Because of these conditions humans have become walking‚ talking carriers of diseases‚ thanks to poor sanitation and undrinkable water. Water is a critical resource issue for the social and economic development of India and the rest of the world. Increasing global demands for water and poor management over decades have caused damages to India’s environment and population. India’s pollution watchdog noted in
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QUESTION As the production supervisor for Sweeney Electronics‚ Nakeisha Joseph was generally well regarded by most of her subordinates. Nakeisha was an easygoing individual who tried to help her employees in any way she could. If a worker needed a small loan until pay day‚ she would dig into her pocket with no questions asked. Should an employee need some time off to attend to a personal problem‚ Nakeisha would not dock the individual’s pay; rather‚ she would take up the slack herself until the
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lead and control organizations. Person involved in an organization referred as human resource. Human resource is the set of individuals who make up the workforce of an organization‚ business sector‚ or economy .Simply‚ the overall management of such personnel in an organization is called human resource management (HRM). Human resource management means the proses of managing human talents in organization. Human resources are an organization’s greatest assets because without them‚ everyday business functions
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Individual Field Trip Report-Production Green Foundation To begin with‚ my Nature resource and Conservation course field trip was held on 28th of October in Production Green Foundation located at Fanling. The purpose of this field trip was to learn about organic farming and experience the organic farming by ourselves. The observation and experience I achieved from this trip are as follows. Heading to the Production Green Foundation about two weeks ago is my first time to visit. There is no any
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Master: Business Administration Specialization: Human Resource Management Resource Based View: A short review of its main strengths and weaknesses Short introduction‚ definition and characteristics The Resource Based View (RBV) is a useful business management tool that‚ in recent years‚ has been attracting the attention of a growing number of researchers. The popularity of this influential contemporary theory comes primarily from the fact that it combines both strategic and organizational
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In this report I will compare the purposes of all different recruitment resources documents used in the selection and recruitment process for a given organisation Job Specification What the job involves This allows the candidate to fully understand what the job role involves before apply for the job. It allows candidates to figure out if they’re suitable for the requirements which the organisation is looking for‚ this can normally save time if the candidate believes the job role is not suitable
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Human Resources strategic Human resources are given increasing emphasis‚ as the primary factor of productivity has become the most important factor for the survival and development of an industry‚ the most important resource in the knowledge economy age rapidly upgrades the importance of human capital. Human resource strategy is the enterprise to achieve the overall strategy‚ therefore‚ must be based on the overall strategic requirements of enterprises‚ to determine the human resource strategy
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