Sustainable development and overcoming the challenges in SMEs through the effective role of HRM

Abstract

In this era, where the world has transformed into global village, the environment of business has become extensively dynamic with the higher risk factors and greater values of uncertainty. This uncertainty decreases market share and increases organizational inefficiency. This proposal is a critical analysis through case studies for the striving role of ethics and healthy environment through effective role of human resource management.

Table of contents

Abstractii

Chapter 01: Introduction1

Background of the study1

Problem Statement1

Aims and objectives1

Study Questions2

Chapter 02: Literature Review3

Background3

SMEs in Human Resource Management4

Huntsmans Quarries Ltd5

Profile of the Company5

Analysis6

Mech-Tool Engineering Ltd-UK8

Profile of the company8

Analysis8

Reviews of the director remarks10

Comment on analysis10

Findings of the case studies12

Chapter 3: Methodology14

References15

Chapter 01: Introduction

Background of the study

SME are mostly found guilty of not providing the best of health environment to its employees due to lack of resources. Business ethics is a specialized branch of ethics focusing on how moral standards apply to business organizations and behavior (Velasques, 1998). ). This concept is of business ethics and healthy environment is gaining more and more importance in new global market. This concept equally applies to all multinational corporations as well as SME's. The study is conducted in an SME environment that is within UK. SME's mostly having the problem of scarce resources both in terms of finance and human. So the implications of HRM are more complex. With all the limitations, the proposal explores the measures that can help with minimum utilization of resources. This paper studies the environment and search for recommendations that will allow HRM to play a much more active role in ethically developing the healthy environment.

Problem Statement

This paper sets out issues related to healthy environment, moral and ethical and safety conducts associated with SMEs in the regard of HRM.

Aims and objectives

It will focus on the role of HRM in improving and sustain better ethical conduct and healthy environment.

It will explore the means by which HRM can help in improving the ethical environment of a company. In particular how SME's can utilize their HRM can help in taking over the different cross culture complexities.

This paper explores how the human resource can be utilized in finding the opportunities to move towards a better environment. Such a study should give insights into the workings of HRM, a concept that is rapidly gaining in popularity and acceptance for a more diversified role in any organization. Also, the study will test the usefulness of a perspective that business and morality are two inter related concepts.

Study Questions

What are the sustainable conditions provided for the effective role of HRM in SMEs?

What role does the business ethics and health management play in the development of SMEs?

How do the SMEs overcome the challenges faced in the market by effectively implementing HRM policies and strategies?

Chapter 02: Literature Review

Background

The term human resource management or the HRM describes the structure of an organization, human resources and workforce serving that organization. It also serves for the selection attraction, assessment, training, and rewarding of employees ...