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Strategic HRM for Create Competitive Advantage - Term Paper Example

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The author of the paper titled "Strategic HRM for Create Competitive Advantage" states that the employment of strategic human resource management in a company’s operations is vital for the company to create a competitive advantage in the market place…
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Strategic HRM for Create Competitive Advantage
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Download file to see previous pages Because HR plays a role in the overall success of a business, many well-run companies have realized the importance of HR plays in order for a company to succeed in the market place. With the increasing sophistication of both consumers and competitors, companies are forced to become more efficient and competitive in their operations. This situation forces a lot of companies to manage their resources well—financial, information, and human resources.

According to Gary Dessler, in his book Human Resources Management, he defines HRM as “the policies and practices involved in carrying out the “people” or human resource aspects of a management position, including recruiting, screening, training, rewarding, and appraising.” (2003, p. 24). Since business is a complex system with people interacting and working toward a common goal, the very core of a business’s operations lies in its people. Thus, it only makes sense for a company to focus on managing its human resources and utilize the talents of its people according to the demands of a job that needs to be performed within the organization in order to achieve a goal.
The information technology revolution has become an impetus for a drastic change within the market place—consumers suddenly become more sophisticated due to the availability of vast information on the internet; competitors suddenly become more efficient in their operations, being able to cut down a lot of costs as they utilize the advantage given by the new technology. This increasing sophistication in the market place makes the competition fiercer, which requires companies to become more strategic, and wiser in terms of using their resources to gain competitive advantage.

The changes in the market place, coupled with uncertainty on the macro-environmental level due to unforeseen forces that impact an organization increases the uncertainty of doing business. By maintaining focus and adopting a strategy, companies have learned how to manage uncertainty and deal with the unforeseen changes in their environment. ...Download file to see next pagesRead More
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