Human Capital is perhaps the most powerful and high-valued asset of an organization since people within an organization not only depend on their own productivity and performance but also of all other resources like technology, materials, process etc. …
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man Capital is perhaps the most powerful and high-valued asset of an organization since people within an organization not only depend on their own productivity and performance but also of all other resources like technology, materials, process etc. No process, system or organizational activity can work well unless there are right people for that and they are managed for the same. If people perform well, all other resources in the organization can be utilized up to a maximum extent. Therefore, managing the human resources effectively and with a view to make them high performers is extremely critical to the organizational success. In order to achieve sustainable competitive advantages, human resources management have recently designed, developed and concentrated on various managerial strategies. High Performance Working is one of such strategies. ...
Industry analysis with help of Porter’s five forces analysis will be given to help understand the business environment and competitive rivalry of the business. Based on literature review on high performance working and HR strategies that lead the organization to high performing, this paper illustrates the importance, relevance and overall benefits of implementing the high performance strategy. British Airways: Company Profile and Industry Analysis British Airways Plc is UK’s largest international airline. As a member of the royal family of European Airlines, British Airways carries passengers and cargoes to a large numbers of airports in more than 150 countries. The company provides airline services through around 240 aircraft (Hoovers, 2011). British Airways has emerged to be a highly successful competitor in the market and thus has been labeled the world’s first airline that took part in a scheme to reduce green house gas emission (Strategic Report, 2009). With customer focus and some other useful business strategies, the company has been able to achieve company’s specific goals. Out of its strategic perspectives, the company has perceived long haul premium customers as the key to profitability, delivered outstanding quality service for customers, grew its presence in most global cities, built a leading position in London and met customers needs (British Airways, 2009). Porter’s Five Forces Analysis Michael Porter’s Five Force analysis is a tool that can be used for comparing and contrasting the competitive environment and analyze the operational efficiencies. The five force analysis can also be used as a tool to evaluate how effective were the business strategies and how far these
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According to the research findings, it can, therefore, be said that after the economic downturn is ceasing, many small businesses are now witnessing an increase in their revenues. However, they have a dilemma, which is deciding between using these extra revenues to expand the business and increasing their employee’s salaries.
One of the few sure things in this unsure and unstable world is the increasing pressure of globalisation on businesses. There is a growing number of globally operating companies and globally operating workforce. The field of international human resource management (IHRM) is becoming ever more vital for more and more businesses.
Human resources have shifted in function with the introduction of technologies which have established new opportunities for strategic leadership in the evaluation of human capital and corporate culture. Issues on the strategic insight for HR in the current organisations are being considered.
This realization has led to more attention being paid on human resource practices to improve the contribution of the human asset towards general business performance. The input from human resources management cannot be steeped in intangibles of the past, but rather be made of set of quantified measures for it to be use in the strategic decision making of a business organization.
A Questionnaire on information about Human Resource Management Strategy at Omantel Company has also been included. Some of the challenges that the company faces include the existence of the vertical management structure leading to unidirectional decision making.
Competency is the ability to perform a role to the best of abilities with optimum understanding of a specific area of study / operation. Therefore, it is essential that specialists be employed in each function within the Human Resources Department of an organization.
Establishment of the communication networks and technological progress, have changed the face of human resource. Human abilities and knowledge determine the success or failure of the company. Companies are becoming more open to involve employees into all organizational processes: planning, strategy development and evaluation.
ethods and models have been proposed by different theorists; these models have been successfully implemented in various organizations; however strengths and weaknesses are also attached to these approaches. This discussion includes an illustration of different approaches
The changes in the working pattern will not be presented as a bunch of priorities set by the HR department, rather it should give a feel to the work force that the company is serious about the business and the work force is the back bone in enhancing the growth of the company.
This paper will describe the importance of theory in analysis of human resource strategy in this dynamic environment and will analyse whether the role played by theory in human resource strategy is irrelevant or vice-versa. The managerial theory is vital for supervising the employees in enterprises with complex organisational structure.
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