In todays intensely competitive and global marketplace, maintaining a competitive favor by fit a low cost loss leader or a differentiator puts a heavy pension on having a highly committed or fitting workforce. Competitive advantage lies not just in differentiating a product or service or in becoming the low cost leader but in as well creation able to tap the companys special skills or meaning competencies and rapidly respond to customers needs and competitors moves. In other address competitive advantage lies in troubles ability to consolidate corporate-wide technologies and drudgery skills into competencies that empower individual businesses to adapt quickly to changing opportunities.
In a growing number of organizations compassionate resources are now viewed as a source of competitive advantage. There is greater science that characteristic competencies are obtained through highly rebeled employee skills, distinctive organizational cultures, management processes and systems. This is in contrast to the traditional emphasis on transferable resources such as equipment. Increasingly it is being recognized that competitive advantage can be obtained with a high quality workforce that enables organizations to compete on the buns of market responsiveness, product and service quality, differentiated products and technological innovation.
strategic human resource management has been defined as the linking of human resources with strategic goals and objectives in order to improve business performance and develop organizational culture that foster innovation and flexibility .
Strategic HR means accepting the HR function as a strategic partner in the formulation of the companys strategies as well as in the implementation of those strategies through HR activities such as recruiting, selecting, training and rewarding personnel. Whereas strategic HR recognizes HRs partnership role in the strategizing process, the term HR Strategies refers to peculiar(prenominal) HR courses of action the company plans to pursue to achieve its aims.
HR management can play a role in...
Great paer, however the outcome is a bit weak. Perhaps from the perspective that I am biased about one sentence paragraphs.
The content of the piece of music is too narrow. Although the idea is nicely explained, but some examples could be given to better understand the concept of strategic HRM.
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