selection is one of the most important aspects in the Human resource management context. In the modern economy‚ human resource is considered to be the most valuable asset for any organization. Acquisition of exceptional talent pool proves the sustainability of every business. Looking at these aspects it can be easily assumed that the processes involved in the recruitment and selection have to undergo tremendous change to ensure quality of talent acquisition. However the processes involved in the recruitment
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The country urgently needs to shift focus from finance to commerce: Uday Kotak‚ Kotak Mahindra Bank Uday Kotak‚ vice-chairman and managing director of Kotak Mahindra Bank‚ believes that solutions to India’s problems are not in running after more US dollars‚ but fixing the broken Indian manufacturing. In an interview with ET‚ Kotak says that the society that has lost its bearings has to get it back - the middle class values that made the India story an attractive one globally. It will be a long
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Today’s Top 10 Talent-Management Challenges Tammy Erickson on the dilemmas and problems managers and companies must contend with by Tammy Erickson Related Items • Visit HarvardBusiness.org • Subscribe to Harvard Business Review • Visit Harvard Business Review Online • Visit Leadership & Managing People Resource Center • Visit Harvard Business Review Answers Story Tools • post a comment • e-mail this story • print this story • order a reprint
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The General Electric (GE) Market Attractiveness-Business Position Matrix is one of the best-known directional policy matrices‚ “which categorises business units into those with good prospects and those with less good prospects” (Johnson‚ Whittington & Scholes‚ 2011‚ p.252). The following two factors is the principal cause for the development of the GE Matrix. In the 20th century‚ since the blossoming of multi-activity enterprises‚ corporations have faced the challenge of managing its portfolio of
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summary.com ® Talent Is Overrated What Really Separates World-Class Performers from Everybody Else THE SUMMARY IN BRIEF Few people are truly great at what they do. But why aren’t they? Why don’t they manage businesses like Jack Welch or play golf like Tiger Woods? Asked to explain why a few people truly excel‚ most of us offer one of two answers. The first is hard work. Yet hard workers aren’t always great. The other possibility is that the elite possess an innate talent for excelling in their
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Question 3: What is reverse innovation and what role do you see it in playing in GE’s future? Reverse innovation is a term to describe products that are designed in the emerging markets and subsequently being sold globally. Figure 1 indicates a tremendously change in GE’s revenue sources. This signifies a successful international expansion. Figure GE Total Revenue by Region Source: Compilations – Case Studies on Strategic Management‚ Case 19-Healthymagination at GE‚ pp 262 & Exhibit 10a.
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We need to see what we can’t see for a plethora of reasons. However the most important reason is because most of the events and occurrences are either too small‚ large‚ slow or too fast for the naked eye to see. As Humans we are we are curious are we are always on the quest to learn more and gain more knowledge. In order to gain more knowledge and to improve ourselves we need to see what is beyond our vision. Another reason why we see need to see what we can’t see is to improve the way we do certain
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The lessons we learn affecting our future By: Leo Ye What is a lesson? A lesson means an experience‚ especially an unpleasant one that somebody can learn from‚ so it does not happen again in the future. And everyone probably had a lesson of some sort before. For me‚ I have had many lessons throughout my life already‚ from small things‚ like you should always bring an umbrella with you to school‚ never run with your wallet in your pocket‚ to something big like studying hard before a test. And these
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PERFORMANCE MANAGEMENT SYSTEM: Performance management system is used by the organization to drive behaviors from the employees to get specific outcome. Performance management began around 60 years back. “Employee performance Management is a process for establishing a shared workforce understanding about what is to be achieved at an organization level. It is about aligning the organizational objective with the employees’ agreed measures‚ skills‚ competency requirements‚ development plans and the delivery
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Where Do We Come From? What Are We? Where Are We Going? Paul Gauguin is known for being one of the world’s greatest painters‚ although he was not much appreciated at his time. His work seems to tell stories of his life. In his series of painting done in Tahiti‚ we can see the many wonders that Gauguin himself explored. Today Gauguin’s painting run for millions. For example; Paul Gauguin’s Maternite (II) done in 1899 was sold for $39.2 million. That wasn’t the case back when Gauguin first started
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