OBHR428 Strategy and Human Resource Management 1. What is the difference between Corporate Strategy (or strategy formulation) and Business Unit Strategy (Strategy Implementation)? The strategy formulation is about making choices‚ decisions and plans for the organization. Strategy Implementation is about the ways and means to achieve those plans‚ decisions and choices. How to execute the strategy decisions or plans. Strategy formulation comes before strategy implementation.
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Q. Critically analyse the article for the meaning of strategic human resource management and identify the factors impacting on strategic human resource management in contemporary organisations. Before an argument can be put in place about whether human resource management (HRM) can be strategic‚ we need to be aware that human resources (HR) is more then maintaining personal functions. Corporate and economic developments since the 1950¡¦s have dictated that businesses‚ to remain competitive‚ need
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INTRODUCTION The reasoning behind Strategic Human Resource Management (SHRM) Strategic human resource management by definition utilizes employees as a source for managing any organization’s needs. As such‚ organizations assets include the employees that provide a viable advantage to the said organization. Forward thinking organizations have this perspective and show this; by the way‚ employees are hired‚ promoted and compensated. This action on the organizations part creates an environment and
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Many companies (especially in the startup phase) have now started giving Employee Stock Options as this is beneficial to both the employer as well as the employee. Piece Rate System This system was devised by F.W. Taylor‚ the father of scientific management and was the first systematic attempt in rationalizing incentive. It is based on the assumption that the degree of efficiency varies from worker to worker and hence the workers must be paid according to their degree of efficiency. The main features
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role of human resource management is to plan‚ develop and administer policies and programmes designed to make expeditious use of an organisation’s human rusources. It is that part of management which is concerned with the people at work and with their relationship within an enterprise. The major functional areas in human resource management are: 1. Planning‚ 2. Staffing‚ 3. Employee development‚ and 4. Employee maintenance. A brief description of usual human resource functions are Human Resource
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Human resources department is a part of business that deals with its staff. The department is seen as part of strategic management‚ in the effort to achieve the goals of the business‚ and is crucial to the business’s success. Some of the human resources department’s responsibilities include recruitment‚ retention‚ selection‚ job enlargement/enrichment‚ motivation and leadership‚ job role allocations‚ training‚ and payroll appraisals. The department’s decisions are influenced by‚ however‚ internal
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appropriate recruitment systems in place to attract and select candidates of the right caliber. This requires identifying and focusing on each of the critical stages of the recruitment process. Naturally‚ the resources spent for the overall selection process are more. The Human Resources Department (HRD) team plays a significant role in the recruitment process steps of every organization. Whenever a vacancy arises in an organization‚ it is the responsibility of the HRD to place the information
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According to Pilbeam and Corbridge Human Resource Development can be defined as the activities involved in organizing individual and collective learning processes aimed at the development of both employees and the organization. This is concerned with the provision of learning‚ development and training opportunities in order to improve individual‚ team and organizational performance. The Human Resource Development process main intention is to improve employees’ career goals and achieve the organization’s
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1. “Borderless world‚ Diversity Management‚ and Knowledge power‚ are some of the overarching factors being encountered by the Human Resource Mangers of 21st century business world”. How do they affect the dynamics of Human Resource Management in today’s organizations? Explain with examples from the organization you are familiar with or have been working for. Briefly describe the organization‚ you are referring to. 2. “Each employee in an organization performs various roles. Role perception
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(2009): Human Resource Management: Gaining a Competitive Advantage‚ 7th Edition‚ New York: Mcgraw Hill. Heracleous‚ L. et al. (2004): ‘Cost-effective service excellence: lessons from Singapore Airlines’‚ Business Strategy Review‚ 15: 33-38 Wirtz‚ J. et al. (2008): ‘Managing human resources for service excellence and cost effectiveness at Singapore Airlines’‚ Managing Service Quality‚ 18: 4-19 Chan‚ D. (2000)‚ ‘The story of Singapore Airlines and the Singapore Girl’‚ Journal of Management Development
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