How a Firm's HR Strategy Could Be Its Source of Competitive Advantage
How a Firm's HR Strategy Could Be Its Source of Competitive Advantage - Essay Example
Nobody downloaded yet
Extract of sample How a Firm's HR Strategy Could Be Its Source of Competitive Advantage
This paper illustrates that HRM has come about as a feature within the modern day organization which has changed its face upside down. It has turned the tide in the favor of recruitment and selection policies, made aspects like performance management rewarding, focused more on incentives and bonuses, relied on the importance of having a proper hiring and firing regime and many other initiatives are also in line when one thinks of HRM in the truest sense. The single most basic aspect that HRM brings to the fore is its ability to make the employees and workers feel counted for their actions and they realize that their voice is also getting heard within the midst of any company, firm or entity so to speak. Competitive advantage is important to understand because it dictates the manner in which HRM brings in the much touted for the value of the organization. The differing stance of the organization in terms of its human resources is manifested through the competitive advantage which is documented in a number of varied ways. It must be remembered here that competitive advantage works to the benefit of the HRM regimes and thus building up of the same would mean incentives for the organization in the long run. It must be understood that competitive advantage and HRM work hand in hand, in order to bolster the organization in different ways – all of which build value at the end of the day. The origin of HRM thus emanates from the auspices of a single department taking care of all the management concerns. This would include finance people handling recruitment and selection duties as well as top management taking care of each other’s dealings and duties. What HRM has changed is to provide the employees a department for their own selves and now they know they could make themselves feel heard when it comes to drafting policies, amending proposals and strategies and changing the course of action as per the employee undertakings and similar avenues of employee scope are concerned. Thus the most basic definition of HRM is to devise means for getting to the employees in a direct manner – taking care of their concerns, rewarding them for their works, listening to their demands and getting work done out of them.
This research will begin with the statement that human resource management or HRM takes its basis from the humanity regimes. It means that the empathy and understanding of the needs and requirements of the workers are significant for the people at the helm of affairs within the said organization…
Whether Ethical Sourcing A Source Of Competitive Advantage. Ethical sourcing is a term that is created and defined by an individual organization's principles and practices. It is a perfect merge of sustainability, values imbibed in a business practice and social duty built into an organizations supply chain process.
Case 2.2: Ford Develops a Strategy for Competitive Advantage Case Summary The case discusses the trajectory of Ford Corporation right after the global recession of 2008. Ford implemented a new plan called “The Way Forward.” This plan involved a long term strategic change as well as short term moves to stabilize the finances of Ford Corporation.
Recruitment. Before going into the discussion regarding how human resource department of a company can manage the employees for achieving competitive advantage, let us get a brief overview of what competitive advantage actually is in order to get a better understanding of the issue.
It has been observed that every company or business desires to expand worldwide and operate globally. It is also known as the process of interchanging the views, products as well as cultures in the global periphery. The barriers for international business have been witnessed to have reduced significantly in the recent years.
This paper analyses how the Porter five force strategies, the porter’s value chain strategy and the Wiseman theory could be aligned with information to achieve objectives.
The Porter’s five force strategy can be
In the early 1960s, the computer manufacturing companies were keen on developing collaborations or partnership with each other, so that the software and the hardware are compatible with each other. Later on, from 1980s many of the companies decided to diversify their business so that they both can be provided as a complete package.
The conclusion states that Apple is a global company that has attained high brand recognition and customer loyalty through superior and innovative products, intensive marketing campaigns and efficient distribution network. Apple will be capable of providing high-quality products and charging a premium price due to established customer brand loyalty and still maintain its sales volumes.
Dell Computer Corporation is the largest direct-sale computer vendor in the world in terms of selling desktop computers, notebook computers and a variety of computer peripherals and software. The attainment that has been accomplished by Dell has not been easy, but it has to be noted for its effort in the market.
10 pages (2500 words)Dissertation
Got a tricky question? Receive an answer from students like you!Try us!
Let us find you another Essay on topic How a Firm's HR Strategy Could Be Its Source of Competitive Advantage for FREE!