HUMAN RESOURCE MANAGEMENT

Human Resource Management

Human Resource Management

Introduction

The function of the Human Resource Manager is developing with the change in comparable market natural environment and the realization that Human Resource Management should play a more strategic function in the achievement of an organization. Organizations that manage not put their focus on appealing and keeping gifts may find themselves in dire penalties, as their competitors may be outplaying them in the strategic paid work of their human resources.

The Link Between Business Strategy And Hr Strategy Is Critical

Recognition of the relationship between corporate and business strategies and policies related to the function of humans is not new. 7-S framework McKinsey, which stressed the need to align the seven institutional variables (higher goals, strategies, structures, systems, personnel, skills, and style) for organizational effectiveness for nearly twenty years. But, at this time, the importance of people's organizational success, if anything, only multiplied as the business has become more knowledge and technologies. As a result, even the strategy gurus, who tend to talk about esoteric topics such as transnational corporations and integrated networks, today emphasized the importance of "personal corporation" .1 In this paper, we try to integrate different perspectives on the relationship between corporate strategy and human resources , strategies to provide HR professionals working within the organizational context are some tips on how they can contribute to better integration of corporate and business strategy with the strategy of HR.

Corporate and Business Strategy

Corporate strategy refers to decisions about what business to enter, what companies to keep a portfolio and those for the exit. He particularly draws attention to how the corporate office can add value to various companies in the portfolio so that their value as part of the corporation exceeds the value they would have as an independent business. Business strategy seeks to achieve competitive advantage on an ongoing basis. There are two common routes to competitive advantage - through time, low-cost producer, or by differentiation and price premium.2 four generic building blocks of building competitive advantages of superior performance, high quality, superior customer responsiveness and superior innovation.3 Company achieve those factors of competitive advantage by creating a distinctive competence. Distinctive competencies are built from the resources and capabilities. Most resources are created by deliberate actions of the organization. This applies to material resources such as buildings, machinery and equipment and intangible assets such as trademarks, patents and technological know-how. The possibility of skills to coordinate their resources and their use productively. These features get built into the procedures for the organization and processes. By their nature to change, possibly more difficult to copy or imitate, as they often are the result of complex interactions between structure, systems and values of the organization. Although it is sometimes difficult to explain after the fact, how the opportunity has been created, or to arrange re-trace the path traversed by another organization, which enabled the latter to create some opportunities, it is possible for organizations to take meaningful action to create ...