1. Introduction to human resource development ’ 1. Introduction to human resource development: (HRD – Desimone‚ Werner‚ Harris) What is HRD? Human resources may be defined as the total knowledge‚ skills‚ creative abilities‚ talents and aptitudes of an organization’s workforce‚ as well as the values‚ attitudes‚ approaches and beliefs of the individuals involved in the affairs of the organization. It is the sum total or aggregate of inherent abilities‚ acquired knowledge and skills represented
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of managers. To make the HR function business-driven growth and diversification. Determining change of leadership and promoting professionalism among employees to switch over to professional management To take stock of things and improve HRD for expanding‚ diversifying and entering into a fast-growth
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As David Mankin mentioned in his book‚ “Inevitably globalization is having a huge impact on the role‚ nature‚ and purpose of HRD in organizations of all sizes and sectors across the world” (2009). Obviously‚ facing the economical globalization‚ development of technology‚ the coming of information age and lowering of trade barriers‚ as a result firms have to think of new and effective ideas to compete with other competitors. Human capital is the most special asset of a company. It is special because
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increased by: setting goals participatively‚ making goals reasonable‚ making goals public and obtaining top management support. An action plan list: specific steps‚ people‚ resources‚ time period. Planning from top to bottom: Top manager(purpose‚ strategic objectives) middle(tactical plans‚ MBO) first-level manager(optional‚ standing‚ single-use) MBO: management by objectives standing plans: policies‚ procedures‚ and rules and regualations. What is rational decision making? Decision making: the process
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History of HRD in India | It was 25 years ago that our country witnessed the emergence of a new HRD culture in our country with Prof Udai Pareek and Prof T.V.Rao heading the movement. What started as a "Review Exercise of the Performance Appraisal System" for L&T by two consultants‚ Prof Udai Pareek and Prof T.V. Rao from the Indian Institute Of Management‚ Ahmedabad (IIMA)‚ resulted in the development of a new function - The HRD Function. In the early seventies‚ this company
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Strategic Management Case Study: Wal*Mart 1. Is Wal*Mart’s success due to its industry attractiveness or its own capabilities? 2. In Which areas dos it have particular capabilities? 3. Are its competitive advantages transferable firstly‚ to other retail sectors and formats and‚ secondly‚ overseas? Why have other companies had limited success in imitating Wal*Marts Strategy? 4. What should Wal*Mart do to sustain its performance and to defend against threats? Wal*Mart was very successful
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applied to Walmart‚ we can determine that the Buyer Power of their customers is high because patrons have many other choices. However‚ customers expect and demand the lowest prices from Walmart‚ and they are willing to overlook‚ but not ignore‚ other factors like customer service‚ store location‚ and atmosphere Walmart’s Suppliers have little power because of the sheer size of Walmart‚ and because being a Walmart supplier can provide huge sales potential. The suppliers must do what Walmart wants regarding
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1. Walmart’s overall approach in achieving sustainable growth: Walmart was renowned throughout the world for its pioneering supply chain practices and it’s insatiable thirst for investing in resources that would help it further cut on its costs and thereby add to its competitive advantage. However‚ sustainable growth as a means of leveraging profitability was not on the company agenda till 2004. Prior to that Walmart had always maintained a defensive position regarding environmental issues. However
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Strategic Profile and Case Analysis Wal-mart‚ is an American multinational retailer corporation that runs chains of large discount department stores and warehouse stores founded by Sam Walton in 1962. Moreover‚ the company is the world’s third largest public corporation‚ according to the Fortune Global 500 list in 2012. Whereas‚ Wal-mart also the biggest private employer in the world with over two million employees‚ and still is the largest retailer in the world. Wal-mart remains a family-owned
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HRM vs. HRD Starting any career is tough--you don ’t want to start in one job‚ find out you don ’t like it and then start over with another. But as an HR professional‚ your experience in the field‚ regardless of its type‚ will always be valuable. A good way to start an HR career is to determine what side of HR you want to work on: Human Resource Management (HRM) or Human Resource Development (HRD). HRM means just what it says--human resource management--the management of people or resources in
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