what they produce and how they use resources at their disposal to do so. In this sense we may distinguish between the positional perspective‚ developed by Michael Porter‚ according to which achieving competitive advantage is the result of exploitation of imperfections in the market‚ the resource based perspective‚ which states that competitive advantage lies in the ownership of valuable resources‚ and the dynamic capabilities view‚ which follows the resource based view but also adds the dimension of
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traditional roles that Human Resource Management plays in an organisation and describe how changes in global economies have added new responsibilities. Discuss these in the context of the South African working environment. 1.1 - Traditional Roles that an HRM plays in an organisation Introduction: The job of HR‚ as is the job of all such departments‚ is to ensure that the business gets the most out of its employees. Another way to put this is that the human resource management needs to provide
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Ms. Swarnima KC Institute of Forestry (IOF)‚ Pokhara Abstract Water‚ a basis of survival of all living organisms is also considered as the basic pre-requisite of development. Being second richest country in water resources‚ Nepal is gifted by Himalayan ranges in the north with ever flowing snow melted rivers and fresh water springs with huge power of producing energy and fetch out drinking water to the people. Similarly‚ no any economic as well as socioeconomic developments are possible without
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Human Resource Management 04/26/2014 Human Resources Human resource management (HRM) entails the effective utilization of human resources within an organization by managing people or employee-related activities. HRM is a comprehensive and strategic approach for managing employees and the work place environment and culture. The human resource department plans‚ directs‚ and coordinates the administrative undertakings
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The story of Malaysia Airlines starts in the golden age of travel. A joint initiative of the Ocean Steamship Company of Liverpool‚ the Straits Steamship of Singapore and Imperial Airways led to a proposal to the Colonial Straits Settlement government to run an air service between Penang and Singapore. The result was the incorporation of Malayan Airways Limited (MAL) on 12 October 1937. On 2 April 1947‚ MAL took to the skies with its first commercial flight as the national airline. Fuelled by a
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Land‚ a critically important national resource‚ supports all living organisms including plants as well as every primary production system such as roads‚ industries‚ communication and storage for surface and ground water‚among others. The soil profile of land determines its ability to serve socio-economic needs. It has been estimated that more than 5‚000 million tonnes of top soil is eroded annually alongwith about 5 million tonnes of nutrients. About a third of this is lost to the sea‚
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we reorganize the human resource management functions‚ and if so why and how? Yes‚ Bandag should reorganize the human resource management functions because there is no structured human resource department in the Bandag to coordinate and manage human resource functions and issues. In today’s competitive world of business‚ employee’s management‚ motivations and satisfactions are keys to success. Therefore‚ to be more competitive and to retain and satisfy the human resources in the organization‚ they
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WD5787.039-048 2/5/97 11:51 AM Page 39 HR AS A SOURCE OF SHAREHOLDER VALUE: RESEARCH AND RECOMMENDATIONS Brian E. Becker‚ Mark A. Huselid‚ Peter S. Pickus‚ and Michael F. Spratt1 Introduction The role of the Human Resource Management (HRM) function in many organizations is at a crossroads. On one hand‚ the HRM function is in crisis‚ increasingly under fire to justify itself (Schuler‚ 1990; Stewart‚ 1996) and confronted with the very real prospect that a significant portion of its traditional
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Business Resources Natalie-Andrea Ashe 7/1/2014 40055161 Business Resource P1- describe the recruitment documentation used in a selected organisation. P2- describe the main employability‚ personal and communication skills required when applying for a specific job role. P3-describe the main physical and technological resources required in the operation of a selected organisation. M1-explain how the management of human‚ physical and technological resources can improve performance
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and Human Resource management. Ans. Distinction between Personnel management & Human Resources management The history of Human Resources management traces its roots to the erstwhile Personnel management that was prevalent in the companies of a few decades ago. Though the two terms ‘Personnel Management’ and ‘Human Resources Management’ are interchangeably used by most of the authors‚ there are key differentiators that make Personnel Management (PM) different from Human Resources Management
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