Nobody downloaded yet

Human Resource Management in Organisations - Shipyard Progres - Essay Example

Comments (0) Cite this document
Human Resource Management in Organisations - Shipyard Progres Table of contents 1. Introduction 3 2. Balanced Scorecard – usefulness, applicability and pitfalls against Self-appraisal models 4 3. Example of a concrete Balanced Scorecard (BSC) for Progres 7 4…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER99% of users find it useful
Human Resource Management in Organisations - Shipyard Progres
Read TextPreview

Extract of sample
"Human Resource Management in Organisations - Shipyard Progres"

Download file to see previous pages Conclusion and Recommendations 11 References 12 Appendix 13 1. Introduction The evaluation of business plans is of critical importance for understanding the potential of a firm to secure its position in the market. The use of management systems that have been already tested in real market conditions can help managers to develop more accurate assumptions regarding their firm’s potentials both in the short and the long term. Balanced Scorecard is a management system focusing rather on long-term business goals and achievements. Different approaches have been used in the literature for describing the Balanced Scorecard; in accordance with Chi et al. (2011) the Balanced Scorecard (BSC) can be characterized as ‘a performance management system for assisting a corporation in actualising its strategy’ (Chi et al. 2011, p.224). From a different point of view, Rabbani et al. (2011) note that the BSC is based ‘on the critical success factor (CSF) concept of a limited set of performance measures’ (Rabbani et al. 2011, p.1). The above approaches reflect the aims of Kaplan and Norton in regard to the use of BSC as a management system for measuring organizational performance. ...
Reference is made to a specific firm: the shipyard Progres, a firm established in 1837 as part of the shipbuilding industry of Netherlands. Due to the radical changes in market structure and trends, the firm’s existing strategies need to be thoroughly reviewed and updated. Emphasis should be given on the management of staff but also on the management of the firm’s financial sector. The development of an appropriately customized Balanced Scorecard system could improve the monitoring of the firm’s strategies, helping to identify the key reasons of the failures in regard to the firm’s plan for expansion within its industry. Moreover, the specific system could help the organization to estimate whether the project under review, the purchase of an existing dry dock - which could be moored in Eemshaven harbour, is feasible and under which terms it could contribute in the firm’s growth. 2. Balanced Scorecard – usefulness, applicability and pitfalls against Self-appraisal models The performance of organizations in the long term is difficult to be estimated with accuracy. The use of management systems, such as the Balanced Scorecard, helps towards the identification of a firm’s potentials within its market; in fact, the Balanced Scorecard, can offer to a firm’s managers the chance to evaluate the performance of their organization as being influenced by specific strategies and initiatives. From this point of view, the Balanced Scorecard can be characterized as a valuable management tool helping managers to develop a complete view of their firm’s current operational status but also of its perspectives in the future (Ba-Abaad 222009). The Balanced Scorecard has a ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Human Resource Management in Organisations - Shipyard Progres Essay”, n.d.)
Retrieved de https://studentshare.org/management/1392824-human-resource-management-in-organisations
(Human Resource Management in Organisations - Shipyard Progres Essay)
“Human Resource Management in Organisations - Shipyard Progres Essay”, n.d. https://studentshare.org/management/1392824-human-resource-management-in-organisations.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
Managing people and organisations - Strategic human resource management
This has some implications for the human capital of the organisation. Outsourcing intervenes with the organisational culture, labour systems and relations, management styles, education and training (Taplin, 2008 p25). These modifications can be viewed in terms of costs in a human resource context.
8 Pages(2000 words)Essay
International Human Resource Management
The Indian economy depicts a clear picture revealing how structural adjustments in the economy are responsible for and determinant of the evolution of the laws pertaining to human resource management. Research reveals that the economy in India was subjected to a number of structural adjustment programmes since 1991
12 Pages(3000 words)Essay
Shipyard Progres: The Balanced Scorecard
The purpose of this report is centered on the company’s plan to purchase an existing dry dock in another location, so that they could cater new customer requirements in terms of large-sized vessels. The plan would bring advantages to the company’s financial performance based on the monitoring of cash flows; however, the positive forecast is limited to the financial aspect.
9 Pages(2250 words)Essay
Managing Human Resource in Large Organisations
The paper tells that human resource management is an important part of any organisation that ensures proper human resource utilisation while addressing the different issues affecting human resource. Managing human resource for large organisation is an overwhelming and very complex endeavour due to the number of factors and variables involved.
4 Pages(1000 words)Essay
Financial and Human Resource Management
The highly competitive business landscape of the present day has accentuated the need for greater efficiency in business organizations. Efficiency in this regard means a holistic development program that ensures the development of every department of the organization.
9 Pages(2250 words)Essay
Human Resource Management
The way ethical issues are handled also affects the culture of that organisation. If ethical matters are never handled seriously enough, there will be negative cultures
2 Pages(500 words)Essay
Human Resource Management
e of the aspects in which the sociological factors would affect an organization in the near future is through the changing ethical concerns where organizations are not quite sure of the right things to do as well as the right behaviors in the society in general. On the other
8 Pages(2000 words)Essay
Human resource Culture and Organisations
The bank’s vision is to offer banking services to the poor and to alleviate poverty by eliminating money leaders’ exploitation; creating small entrepreneurship activities; organizing disadvantaged people into formats they can understand and operate
12 Pages(3000 words)Essay
Strategic Human Resource Management
The report is concerned about the trend which is observed in present-day Organisations that are focusing on the survival rather than their growth and development. Organisations collapsed due to economic slowdown have alerted the existing ones regarding their survival in the highly uncertain environment where survival has become a tough matter of subject.
13 Pages(3250 words)Essay
Human Resource Management
Therefore, it is imperative on businesses to identify their core human resource management needs and honour them even if they operate in different parts of the world. Stahl and Bjorkman identify three motives for the need for the international transfer of human resource management systems for multinational corporations (2006 p3).
8 Pages(2000 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Essay on topic Human Resource Management in Organisations - Shipyard Progres for FREE!
logo footer
Contact us:
Contact Us Now
FREE Mobile Apps:
  • StudentShare App Store
  • StudentShare Google play
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • Miscellaneous
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us