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Global Competitiveness and Strategic Human Resource Management - Term Paper Example

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This paper "Global Competitiveness and Strategic Human Resource Management" is an explanation of the connection between strategic human resource management and global competitiveness and its role in global competitiveness. The paper considers the role of human resource in global competitiveness…
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Global Competitiveness and Strategic Human Resource Management
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Download file to see previous pages Competitiveness is all about involvement in a business rivalry for markets. It is the ability of a firm to produce and sell products that exceed or matches the competitor's product. This is usually on the basis of superior service, higher quality, lower cost or a combination of these features (Ajitabh 2). To compete in today’s global environment, firms need specific capabilities. They must constantly anticipate frequent changes in customers’ preferences; wisely use their resources to maintain the lowest possible cost and remain responsive to new technology changes by adopting the new ones that emerge from time to time. The firms must also identify and put a lot of emphasis on what makes it do better than competitors; recognize the importance of diversity in the global market and develop a culture that appreciates it, and structure their operations to achieve efficiency (Ajitabh 2).
Competitiveness can be perceived from different levels, for example, it can be considered on industry, firm, national, or global basis. It is from this perspective that global competitiveness arises. Global competitiveness involves competition between firms that sell similar or related products internationally. It is very important to remain competitive, or else the business may lose market and fall.

Strategic Human Resource Management
Strategic human resource is a collection of phenomena; models, critiques, prescriptions, and theories. These are approaches to the management of the human resource, giving a strategic framework used to achieve the goals. The approaches are concerned with issues about quality, structure, values, culture, matching sources to future needs, and commitment; of macro-concerns and longer-term people issues. For example, if a human resource manager wants to ensure the quality of service provision, he will identify a theory or a model of management through which he can achieve quality.  ...Download file to see next pagesRead More
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