Tuesday, May 19, 2020

The Competitive Advantage Of Human Resources Essay

1. INTRODUCE In the fact of the intensely transitional business in the globe today, one of the challenges faced by the managers to maintain the competitive advantage is human resources. In others words, the globalisation, technology, and the economic integration of developed as well as emerging markets raise particular convenience and problems relating to human resources. To be more specific, on the one hand, the practice that the work force, the most valuable asset of any organisations (Cascio, Wayne F, 1991; Flamholtz, Eric, 1991), nowadays seem to be increasingly educated helps the employers make their best recruitment and guarantee the â€Å"sustainable cogwheel† (Glen Hashmi, Z., and Katrin Muff, 2014). However, in others hand, the well-informed and multinational human resources relating to the employees’ differing needs and expectations, compensation treatment, working environment, or corporate culture are also critical issues that required to be under control. This essay aims to define and analyse respectively three current and potential substantial challenges that HR managers cope with in meeting the miscellaneous requirements of the contemporary workforce including (key words) strategic partners, administrative experts, and employee champion. 2. STRATEGIC PARTNER Firstly, the strategic role of HR practitioners is defined as the professionals who are accountable for implementing a large range of organizational activities and allocating the appropriate humanShow MoreRelatedHuman Resource Management : A Competitive Advantage Essay1352 Words   |  6 PagesIV. HUMAN RESOURCE MANAGEMENT AS A COMPETITIVE ADVANTAGE â€Å"It allows a firm to gain an edge over rivals when competing. It comes from a firm’s ability to perform activities more distinctively and more effectively than rivals. † Competitive advantage refers to the ability of an organization to formulate strategies for the exploitation of opportunities that are to be presented in external environment. Liberalization created a hyper-competitive environment to respond to this turbulence, Indian organizationsRead MoreHuman Resource Management And Competitive Advantage1506 Words   |  7 Pages It is important for a company or organization to have competitive advantage in our constantly evolving world. Organizations must adapt to changes in the environment, technology, and the continuously changes in the demand of consumers. Competitive advantage by definition is â€Å"anything that a firm does especially well compared to rival firms† (David, 2012,p.8). Meaning that when the firm is capable of producing or doing anything that the competition cannot do, or even if it is something thatRead MoreWalmart s Human Resources Competitive Advantage1094 Words   |  5 PagesAssessment of Walmart’s H uman Resources Competitive Advantage Competitive advantage is basically market dominance. Since Walmart was founded in 1962, it has clearly been a force not to be reckoned with. For 53 years, Walmart has successfully established and maintained a competitive advantage over its rivals. One can define competitive advantage as what a company may offer, or may perform better, that its consumers hold dear but its rival competitors cannot compete. This is demonstrated throughRead MoreSouthwest Airlines: Using Human Resources for Competitive Advantage1445 Words   |  6 Pages Southwest Airlines: Using Human Resources for Competitive Advantage Executive Summary Southwest was founded in 1971 with a fleet of three Boeing 737 aircraft. Headquartered at Love Field in Dallas, the airline followed a strategy of low fares, few frills, and excellent customer service. Early on, the airline faced many political and regulatory challenges including the Wright Amendment, which prohibited the carrier from offering direct service into Love Field from any state other than TexasRead MoreSouthwest Airlines - Using Human Resources for Competitive Advantage648 Words   |  3 PagesAssignment Questions 1. What is Southwests competitive strategy? What are the sources of its success? How does it make money in this business? 2. What are the foundations of Southwests competitive advantage? Southwest Airlines successful and profitable business model has been driven by several strategies: high aircraft utilization; standard fleet; charismatic leadership; low fare carrier; excellent customer service practice; attractive frequent flier program; innovative and creative marketingRead Moreâ€Å"Gaining Competitive Advantage Through Human Resource Management†1830 Words   |  8 PagesThe benefit an organization realizes from human capital investment is directly proportional to the quality of its human resource strategy, processes and overall management. For our purposes, human capital is defined as individual, as well as collective, skills, talents, and capabilities. The outcomes of an organization’s HR processes are critical capabilities, like enhanced leadership, managerial competency, employee efficiency and proficiency, and workforce collaboration. HR management can be aRead MoreCourse Summary: Human Resource Management: Gaining a Competitive Advantage2306 W ords   |  10 PagesSummary Human Resource Management Chapters 1,2,4,5,6,16 Chapter 1: Gaining a Competitive Advantage * Competiveness ability to maintain share in industry (related to effectiveness) * Human Resource Management policies, practices, systems that influence employees’ behaviour, attitude and performance analysing and design of work, planning, recruiting, selection, training, compensation, performance management, employee relations * HRM practices should be strategic * HR has 3Read MoreHow Hr Contributes Towards Making Their Human Resources Into a Competitive Advantage2487 Words   |  10 PagesIntroduction The scope of this essay is to critically evaluate why it is important for companies to make their human resources into a competitive advantage and how HR contributes towards this process. It was always feared that machines will replace the need for people at work. But in reality, it’s just the opposite. People are more important in today’s organizations than ever before. As Edward L. Gubman author of The Talent Solution, (cited in Bohlander et al, 2007, p.4) points out, â€Å"in many fast-growingRead MoreStrategic Human Resource Management (Shrm): a Paradigm Shift for Achieving Sustained Competitive Advantage in Organization7616 Words   |  31 PagesEuroJournals, Inc. 2010 http://www.eurojournals.com Strategic Human Resource Management (SHRM): A Paradigm Shift for Achieving Sustained Competitive Advantage in Organization Benjamin James Inyang Department of Business Management, University of Calabar P.M.B. 1115 Calabar, Nigeria E-mail: benji1955.unical@yahoo.co.uk Tel: +234 8033773403 Abstract The human resource of an organization offered the potential synergy for sustained competitive advantage, when properly deployed, maintained and utilized. FromRead MoreWhy Strategic Human Resource Management (SHRM) is so important? How is human resource management (HRM) strategic to gain competitive advantage?2893 Words   |  12 PagesExecutive Summary Nowadays, Strategic Human Resource Management becomes very important for the organizations in the business world environment. The purpose of this assignment is about what the Strategic Human Resource Management (SHRM) is and why SHRM is so important? How is human resource management (HRM) strategic to a firms viability and how it might help to lay a basis for sustained competitive advantage? And what are the strategies for the managers to pursue their goals for labor productivity

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.