capabilities and resources by defining capabilities as “a special type of resource‚ specifically an organizationally embedded non-transferable firm-specific resource whose purpose is to improve the productivity of the other resources possessed by the firm” [4](p389). “[R]esources are stocks of available factors that are owned or controlled by the organization‚ and capabilities are an organization’s capacity to deploy resources”:[3] p. 35. Essentially‚ it is the bundling of the resources that builds capabilities
Premium Resource Firm Sustainability
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
Premium Strategic planning Strategic management Human resource management
Managing Human Resources‚ 3rd edn‚ John Wiley & Sons‚ Milton‚ Qld. In chapter 1 of the text‚ the author shows an overview of human resource management and strategic human resource management. The author also shows the relationship between HRM and management‚ manager’s role meaning of strategy‚ strategic approach to HRM and strategic challenges. Lots of diagrams and explanations are used by the author. This chapter has contributed to my understanding of strategic human resource management by analysing
Premium Human resource management Human resources Management
NATURAL RESOURCES: ITS RAMIFICATIONS FOR INDIA INTRODUCTION 1. China is rapidly emerging as a major industrial power poses a complex challenge for global resource markets. Backed by the Chinese government‚ Chinese companies have been acquiring equity stakes in natural resource companies‚ extending loans to mining and petroleum investors‚ and writing long-term procurement contracts for oil and minerals. These activities have aroused concern that China might be locking up natural resource supplies
Premium People's Republic of China Economy of the People's Republic of China Natural resource
The field of Human Resources is full of difficulties and challenges. The business world has large expectations that are continually changing. How can a Human Resources Manager complete the necessary tasks to run a competent department while become the strategic partner and advisor that it needs to be? There are many paradoxes within Human Resources; probably more so than with any other profession. As a Human Resources professional‚ I have come across paradoxes in my career. I have not yet been
Premium Human resources Management Human resource management
INTRODUCTION In relation to all other resources of an organization human resource has specific features that keep human resource at the peak point. * Vitality of human resource * Ability to react * Ability to control all other resources * Ability to be trained * Ability to work in teams Therefore management of human resources is a strategic task. Personnel Management Archaic fashion of management concerning the workforce which included staffing‚ payroll‚ contractual obligations
Premium Human resource management Management Human resources
Human Resource Management Melissa Neff BUS 303: Human Resources Management Professor Barbara Davis May 23‚ 2011 Proper management of human resources is vital to being a successful business. Human resources are one of the critical departments within any organization. The purpose of this essay is to emphasize the basic principles of Human Resources Management. EEO and Affirmative Action‚ Human Resources Planning‚ Recruitment‚ and Selection‚ HRD‚ Compensation
Premium Human resource management Management Recruitment
Journal of International Business and Cultural Studies Human resource accounting and international developments: implications for measurement of human capital Maria L. Bullen Clayton State University Kel-Ann Eyler Wesleyan College Abstract Human Resource Accounting (HRA) involves accounting for expenditures related to human resources as assets as opposed to traditional accounting which treats these costs as expenses that reduce profit. Interest and contributions to growth in HRA have been evident
Premium Balance sheet Human resources Human resource management
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
Premium Future Supply and demand Forecasting
HUMAN RESOURCE MANAGEMENT Human Resource Management (HRM) is a relatively new approach to managing people in any organization. People are considered the key resource in this approach. It is concerned with the people dimension in management of an organization. Since an organization is a body of people‚ their acquisition‚ development of skills‚ motivation for higher levels of attainments‚ as well as ensuring maintenance of their level of commitment are all significant activities. These activities
Premium Human resource management Human resources Management