The Importance Of Human Resource Management

Managing and valuing diversity is a key component of effective people management, which can improve workplace productivity. Unmanaged diversity in the workplace might become an obstacle for achieving organizational goals. Therefore diversity can be perceived as a “double-edged sword”. (Barbara Mazur, 2010) Performance management (PM) is a very important process of human resource management(HRM), in general. It implies an assessment of current or

CHAPITER 2: Theoretical basis and literature review UNDERSTANDING DIVERSITY The Concept of Diversity in the workplace has been growing faster than its concomitant issues could be adressed. “Diversity Management can be defined as the process of planning, directing, organizing and applying all the comprehensive managerial attributes for developing an organizational environment, in which all diverse employees irrespective of their similarities and differences, can actively and effectively contribute to the competitive advantage of a company or an organization. Managing employee heterogeneity is more important and more difficult than managing homogeneity in fully utilizing internal human resources.

Part of the reason it has become so important in recent years is that the business world has become more competitive and more volatile. Faster technological change, greater international competition, the deregulation of the markets, and overcapacity in capital-intensive industries……. and the changing demographics of the workforce among the many factor that contributed to this shift. More changes are more and more necessary to survive and compete effectively in this new environment. More change always demand more leadership.”

In successfully Team based organization the complete focus is not only on teams but also highlights the essential role of the managers. Form a strategic vision: Rapidly growing technology and global competition are making the organizations implement new ways to gain competitive advantage. In this new technological era one company masters a new technology and the other company makes the technology advanced. So there is need to catch the flexible changes in the market to meet the customers’ expectations which is essential in drafting organizational strategy. First process of team based organization is to form strategic objectives.

In as much as the economy has increasingly advanced, the importance of excellent talent is becoming a top priority for most organizations. There are major anxieties with businesses when they have to acquire actual talent, retain and develop potential talent for their organization. Being aware that enhance talent within an organization will bring better outcomes. Management should then maintain a competitive benefit over its competition by measuring and tracking the skills and abilities of their workers. Different forms of measurements are achieved to measure the talents of human capital.

1.3: An assessment of the challenges of leadership and management practice. There are so many challenges to leadership and management to achieve their goals for organisation, The search for better and more efficient ways of utilizing people ,s knowledge and skills in providing services has become a must a handle challenges , there are a lot of challenges for every organisation face by leadership and management, so what are the profitable method used by leadership and management for that challenges to achieved their goals for an organisation . Globalization: Through globalization the organisation will search to expand for new market and to remain competitive to reduce risk and make profit and find more talent in the new market. there

Firstly, the fierce competition due to globalization has severely affected the way companies operate in today’s business world. They need to respond faster to changes and be ready to satisfy the rapidly changing needs of their customers. Secondly, the quick pace of technological improvementshas made it impossible for organizations to keep up with all this technical expertise required. Finally, companies nowadays are expected to be in the forefront producing technical, complex products to meet their clients’ needs (Hopper, Northcott&Scapens,

We living in the era of technology where emerging markets, competing with each other, produce new and better products. Different innovative services are being introduced to the world every day. Economic globalization entering a new phase spreading markets into all corners of the world. In this changing world where people need to catch up with everything that is going around, their moral values and beliefs are changing accordingly. Some leaders of corporations with the desire to gain in “all costs” make decisions that have an impact not only on organization but employees as well.

In the rapidly changing workplace today, managers are being asked to grow and accomplish tasks they are not accustomed to doing. One of these things that many workplace professionals are being asked to do is develop a greater sense of decision making. Axelrod (2012) articulates that in the rapidly growing field of leadership development that building self-awareness is connected with a sense of being a more efficient executive. Development of self-awareness is seen as a prerequisite for building social connections and becoming an influencer (Axlerod 2012). Self Awareness is not only important in the professional workplace.

1-Introduction Companies that are working in new and different challenges within, in an increasingly complex landscape; the role of managers is even more critical to success. Maintaining managers and other key staff development and corporate objective is essential for development. Within companies are increasingly critical to the success of individuals. The need to improve talent development, succession planning, recruitment and retention to identify individuals at the heart of the appearance of Management. Talent management is a significant development in recent decades.

Question 2 Advances in technology drive a great amount of the change that occurs in business organizations. The competitive advantage in today 's business environment includes staying on top of technological advancements that impact your industry. Business strategies that include acquiring new technologies should be guided by best practices that consider the impact on the firm, customers, employees, vendors and other stakeholders. Dream Destinations has too many odds against them in such a competitive market and so technological changes must be implemented if they wish to satisfy their shareholders. Dream Destination goals must be revisited.