Student: David Greene Student Number: B00066343
BN403 Bachelor of Business Studies (Honours)
BSST 4013 Strategic Human Resource Management
Assignment Due date: 11th November 2014
Assignment: Strategic Human Resource Management (SHRM) has been, and remains, one of the most powerful and influential ideas to have emerged in the field of business and management during the past twenty-five years.
Word Count: max 4000
Executive Summary
This paper aims to look at why Strategic Human Resource Management has been and still continues to be a very powerful and increasingly influential idea in the field of business and management strategy since it was first devised over 25 years ago. The key areas that will be addressed over this
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As we will see organisations who have embraced this concept and incorporated successful SHRM policies have seen improvement in the areas of productivity, product/service quality, better financial performance, higher retention of key employees and in many cases overall improvement in their bottom line figures.
As mentioned the paper will look at some of the challenges facing SHRM today whilst also looking at how SHRM contributes to overall organizational performance, some of the theories of SHRM, the importance of strategic human resource planning (HRP) and the difficulties in getting it right and the benefits and challenges of performance management from a strategic perspective.
Strategic Human Resource Management is primarily concerned with:
-Organisational Culture -Motivation -Performance
-Change and change management -Employee training and
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This realization in the SHRM system is a critical dimension in the performance of a company (Rees, 2006). Through the research conducted and following extensive reading on the subject the reoccurring theme that came from these readings around SHRM was that business competitiveness was the dominant play. The ever changing landscape of business, increased competition not just nationally but from all parts of the globe, requirements for continuous innovations, increased quality requirements and cost reductions have forced companies to always improve their competitiveness and thus look to improve their
This course hasn’t influenced my career plans, but it has enhanced how I manage my projects and interact with colleagues on a daily basis. Furthermore, this class and all of my future classes will really be useful as I retire and become a self-employed government contractor. Reading about companies like Lincoln Electric, and how well they manage their employees and business inspires me to incorporate many of those techniques into my own company vision and mission. I’m using more critical thinking in my day-to-day activities and decision making. Critical thinking forces me to slow down and make better decisions.
The information in this documentation is NCF Medical LLC’s strategic plan. A strategic plan is a record that explains an organizations goal, the actions in need to accomplish these goals, and other important components that develop throughout planning (Balanced Scorecard Institute, 1998-2013). The strategic plan includes the organization's vision, mission, people strategies, and values statements. The plan includes sources to perform an external and an internal environmental analysis. In addition, key success factors, budget, financial forecasting, a risk management plan is part of NCF Medicals strategic plan.
Contents Terms of Reference 2 Procedure 2 Findings 3 Current Structure 3 New Structure 4 Employee Relationships 4 Instructing Staff 5 Contingency Variables 5 Conclusion 6 Recommendations 6 References 7 Appendix A 8 Terms of Reference I am a HNC business student. I am writing this report as part of my course. This assessment covers outcome 4 of the Managing People and Organizations' class.
Terms of Reference I am a HNC business student. I am writing this report as part of my course. This assessment covers outcome 4 of the Managing People and Organizations' class. Unit F84T 34 Procedure In order to construct this report, I read the case study and highlighted information that I thought was relevant to this report.
Resources and Capabilities VRIO Framework V R I O Competitive Implication Strong corporate culture + + + + Sustainable competitive advantage Strong investment in R&D + + + + Temporary competitive advantage Outstanding customer service + + + + Sustainable competitive advantage
Vital signs assessment plays a significant role in identifying acute changes of patient’s condition. It facilitates the recognition of signs of any improvement or deterioration, and in the matter of deterioration alternative or emergency care to be commenced. It is crucial that nurses understand the basis of monitoring vital signs and they are measured and documented, communicated and acted upon as the assessment of these clinical parameters plays a fundamental role in detecting early deterioration in patients. In spite of the importance of monitoring the vital signs, studies demonstrate these clinical parameters are not being assessed or recorded consistently or acted upon in the acute hospital setting. A number of researches have emphasized
Introduction – Marriott’s HRM and Business Strategic Alignment This paper will propose a Human Resources (HR) strategy that is in alignment with Marriott’s business strategy, as well as describe several HR job positions and responsibilities listed for them. Next, this paper will determine which HR job positions I prefer and why. Finally, it will analyze how Marriott can establish HRM strategies to improve its competitive advantage, as well as three ways it can increase diversity.
Competitive strategy is a suit of methods and action sequence deliberately planned and put into place by companies in the face of market competition. This seems to be a clear way of keeping their market shares, expanding sales and managing the product lines to deliver desired results. The corporate world often needs some sorts of solid strategies considering the trends of the market competition. Beyond the issues of quality and distribution, companies often need to plan ahead and protect their market share in the sale.
The Harvard Model of HRM: Back in 1984, Beer et al developed the Harvard model of the HRM. Beer et al believe that the human resource is passes many of pressures nowadays, therefore, eliminating the pressures is required. These pressures could be eliminating by having a long-term perspective in terms of controlling people and potential assets rather than just variable costs. As a result, Beer et al approach the Harvard Model of the HRM. The purpose of this model is to solve the pressures that may occur in the HR of any organizations; these pressures include all management decisions that will affect the relationship between the organizations and their workers, in addition to a clear plan for the HRM policies and procedures by the manager of
ZHANG Shiyuan_HRM Human Recourse Management fascinates for me for the dynamism and challenge that it provides. A vital cog in the machinery of any business to maximize employee productivity, it is an interdisciplinary field relevant to the knowledge in policies and industries, business environment, organizational culture, essential skills in negotiation and leadership. I am hugely interested in grasping HRM knowledge for further integration with strategy consulting and management, which will be essential for establishing my career path. My first degree in International Communication Studies, which places great emphasis on analytical and highly interdisciplinary approach, has cultivated me with the literacy of communication, a significant quality needed for a practitioner in media and culture.
The value chain equates to the internal activities that a company employs in transforming its inputs to outputs; this helps with the improvement of activities, helping the company to achieve competitive advantage. In the analysis of H&M’s organizational capabilities the value chain analysis would show that with viewing the internal activities; this analysis would show where the company’s competitive advantages as well as disadvantages lies. This analysis would then depict the company’s core competencies. When a company is said to be competing through its cost advantage; it would most likely try to carry out its internal activities at a much lower cost than its competition would want to.
Resource based view is the tool that is used in order to evaluate the resources that are important for the organisation to make their performance effective. It is regarded as a significant approach that is used by the organisation towards attainment of competitive advantage. The aim of this paper is to evaluate the resource based view literature and then applying the knowledge on the evaluation of a case study organisation. The selected organisation is Zara Fast Fashion, which is analysed with the help of use of RBV towards achievement of sustainable competitive advantage. The theoretical concepts of the resource-based view is analysed and applied on Zara as a real world example.
Performance Management Performance management according to --- is a function that that embraces activities such as articulated goal setting, uninterrupted progress reassessment, regular communication and feedback, as well as coaching for better performance. Likewise, it involves execution of employee development plans and rewarding accomplishments. In other words, performance management focuses on improving employee performance along with effort via a process that supports employees to get personal and professional fulfilment by a feel of purposeful contribution. In organisations, management is responsible for meeting organisational objectives through the involvement of others; through evaluating the performance of systems and human resources.
Introduction The following strategic analysis report was carried out for Giant Hypermarket in Malaysia. Giant Hypermarket also popularly known as “Giant” is a subsidiary of Dairy Farm International. The objectives of the study is to advise the Board of Directors into a possibility to revisit and redesign the current business strategy based on the blue ocean strategy (Kim and Mauborgne, 2005) to provide value based innovation via cost reduction with increased value for buyers and to ensure sustainable business operation in Malaysia. Additionally, the analysis also includes the possibility of developing a global strategy for Giant.
1.4.1 Literature Review HRM practices are a process of engaging, motivating, and maintaining employees to ensure the organizational survival (Schuler and Jackson, 1987). According to (Delery and Doty, 1996) HRM practices are prepared and implemented in a way that human capital plays important role in achieving the goals and objectives of the organization. The appropriate use of HRM practices strongly influence the standard of employer and the degree of employee commitment (Purcell, 2003). HRM practices like, training and development, performance appraisal allow the employees to do better in order to enhance the organizational performance (Snell and Dean, 1992; Pfeffer, 1998).