Nobody downloaded yet

Strategic HRM - Essay Example

Comments (0) Cite this document
Summary
Strategic Human Resource Management Date Outline I. Introduction II. Thesis statement: A business strategy is the lifeline of a business organization that drives both the short- term and the long-term projection and determines the success of the business in an ever-changing business environment and stringent competition…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92.1% of users find it useful
Strategic HRM
Read TextPreview

Extract of sample "Strategic HRM"

Download file to see previous pages The only difference is that in the game of business, teams compete against one another for customers, innovations, employees, and ultimately the profit margin they are able to accrue at the end of the day. The other difference is the time frame, whereas in sports the game is over a defined period of time, in the business, the time frame is unlimited as long as the business exists. Just like in the sports, the business empires that win indicate consistency in their preparation, planning, and skills in their execution plans. These business organizations do understand best their positions, where they are aiming at, and how they want to achieve their aim. It is also important to note that these winning business firms have constant touch with the customers needs and how to comply, the technological advancement that are relevant to the business as well as the market trends and innovations that will enable them be ahead of the park compared to their competitors in the market (Wal-Mart, 2011). Business organization then have to keep pondering on how best the cardinal factors in the business can be best satisfied to make then take the lead in either service delivery or product delivery to the customers. In this regard, all business owes allegiance to a strategy either planned or unplanned, strategy in this case is the language that implies a game plan. A business strategy is the lifeline of a business organization that drives both the short- term and the long-term projection and determines the success of the business in an ever-changing business environment and stringent competition. Overview of Wal-Mart Company Wal-Mart boost of being one of the largest family owned multinational retail cooperation. It is an American company having been founded in 1962 by Sam Walton. Walton family is arguably the leading shareholders in the cooperation, as they own about 48% of the total share of the business empire. The incorporation of the business took place in the year 1969 and by 1972 its shares were floated in the New York Stock Exchange for public trading (Wal-Mart, 2011). The corporation was branded Wal-Mart in 2008 having relinquished its former name of Wal-Mart Stores, Inc. in pursuit of the Forbes Global 2000, Wal-Mart was ranked 18th in the perking order of the largest public corporations in the world and the leading in the US. The cooperation also employs about two million employees which makes it one of the world largest private employers. The headquarters of the business is at Bentonville, Arkansas. In the United States, it is considered one of the leading grocery retailers having in the year 2009 collected 51% of the total sales it realized in the year i.e. US$ 258 billions. This percentage sale was realized on the grocery sale alone. Wal-Mart scope of operation in the global is equally expansive, it has a total of 8,500 functioning store in 15 countries operating under different references. In the United States for instance, the company operates under the name Wal-Mart including the 50 states of the US. In India the company is called Best Price, Mexico, its called Walmex, in UK it’s referred to as Asda while in Japan, it is referred to as Seiyu. Wal-Mart has expansive and extensive operation in Canada, Brazil, and Argentina (Wal-Mart, 2011). While in the North America, the business has registered performance of varied ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Strategic HRM Essay Example | Topics and Well Written Essays - 3750 words”, n.d.)
Retrieved from https://studentshare.org/management/1398503-strategic-hrm
(Strategic HRM Essay Example | Topics and Well Written Essays - 3750 Words)
https://studentshare.org/management/1398503-strategic-hrm.
“Strategic HRM Essay Example | Topics and Well Written Essays - 3750 Words”, n.d. https://studentshare.org/management/1398503-strategic-hrm.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Strategic HRM

Strategic HRM

...?Strategic HRM Mass retrenchment of employment was in news due to the prevailing recession, financial crisis and economic downturn in US and various parts of Europe such as UK. Generally in such situations employees are viewed as commodity, like the other resources in the business. However, the employees are not commodities. Recession negatively affected the employers and the human resource policies and practices, whose severity could not be assessed. About 66 percent of the employers in the affected countries have suffered from declining revenues. Only 6 percent of the employers have experienced growth during this time. In order to understand the utility of strategic human resource management in the organizations, this study aims... to...
12 Pages(3000 words)Essay

Strategic HRM Approach

...?Running Head: Strategic HRM Approach Strategic HRM Approach [Institute’s Strategic HRM Approach There is a major distinction between human resource management (HRM) and traditional personnel management. Recently, many companies have made it a focus in HRM to observe a strategic approach due to the numerous competitive advantages that it gives them. This essay will discuss this approach as well as these advantages, which make it such an attractive and feasible option for organizations. The discussion will initiate through some definitions and then move to the broad SHRM frameworks, and will then finally shed light upon the way strategic approaches are beneficial or organizations. HR experts and researchers (Armstrong, 2009) focus... on...
7 Pages(1750 words)Essay

Personel Management VS Strategic HRM at google

...? PERSONNEL MANAGEMENT VS STRATEGIC HRM AT GOOGLE By 13th, March, Google’s SHRM Strategic Human Resources Management (SHRM) is key to successful performance of a company. Unlike HRM, SHRM attaches company goals to the HR practices. Google Inc. is known in the world today for the adoption of a successful SHRM, which has boosted its productivity. In 2008, people in Britain voted Google as the best company to work for. The company management emphasized that Google’s effectiveness depends on the commitment of the management to ensure continued employee motivation, as well as employee retention (Girad 2009). McGregor in his theory Y notes that people have potential; therefore,...
3 Pages(750 words)Essay

Differeng approaches to Strategic HRM

...? DIFFERENT APPROACHES TO STRATEGIC HRM by + Case Study: Organisational Development Introduction Organisation development has been viewed by several scholars as a field of Human Resources Management that is still growing. This field draws its foundation from both social and behavioural sciences. Practitioners of organisational development base their study on humanistic method to delivery of sustainable performance and organisational change management. Organisation Development (OD) enables organisations to provide sustainable performance or improvements by using people. This implies that people (employees) form key components of an organisation development intervention. Thematic Analysis As presented in...
8 Pages(2000 words)Essay

Strategic HRM

...STRATEGIC HRM ORDER NO:102109 Strategic HRM is defined as "human resources ,management issues ,functions and policies and practices that result from the strategic activities of the multinational enterprise and the impact it has on the international concerns and goals of that organization. Strategic thinking is based on rational decision-making ,taking into account the competitive and financial pressures on modeling the present situation and the resources available to it, including its people. Personnel management was essentially reactive whereas HRM ...
2 Pages(500 words)Essay

Strategic HRM

...the managers in ASDA - supported by HRM specialists. Increasingly, responsibility for recruitment, selection, appraisals and training in ASDA is carried out by managers who work on an ongoing basis with employees rather than by a specialist in a centralised HRM function. A third key change in people management was that HRM was given a great deal more status in ASDA. Instead of being something carried on at lower levels of ASDA, HRM is now recognised as a key strategic area of ASD (i.e. one that needs to be given a high priority in organisational planning involving senior management). Conclusion ASDA have moved away from personnel management to the new...
10 Pages(2500 words)Essay

Strategic HRM Plan

... Cultural HR issues that could affect Roche Pharmaceuticals and how to deal with it as part of the larger strategic plan Theadvent of globalization has made business and economies to integrate and expand that compelled businesses to adopt with the accompanying competition that globalization brings. The necessity of innovativeness is not only limited to developing new method of treatment and medicines but also on how to best approach markets whose characteristic differs from one region to another. It now follows that Roche has also to hire and promote people from varying background and ensure that the roster of its workforce is diversified to best adapt to an equally diversified and changing market. While it is a part of Roche... ...
2 Pages(500 words)Essay

Strategic HRM

...Two Fits of Strategic Human Resource Management. Academy of Management Review. Barney, J. 1991. Firm Resources and Sustained Competitive Advantage. Journal of Management. Burke, R. and Cooper, C. 2004. Reinventing Human Resources Management: Challenges and New Directions. New York:Routledge. Buyens, D.  and De Vos, A. 1999. The Added Value of the HR Department. In C. Brewster and H.  Harris (Eds.). International HRM: Contemporary Issues in Europe (pp.31-47). New York: Routledge. Gratton, L. et al 1999.  Strategic Human Resource Management: Corporate Rhetoric and Human Reality, Oxford: Oxford University Press. Lengnick-Hall, C. A. and Lengnick-Hall, M. L. 1990. Interactive Human Resource...
10 Pages(2500 words)Essay

Strategic HRM

...Strategic HRM Contents Introduction 3 Discussion 4 Conclusion 11 References 13 Bibliography 15 Introduction Strategic Human Resource Management (HRM) defines the intentions and plans of an organization to manage the human resources of the business in a suitable and beneficial manner. It is aimed at defining the plans of how the business can achieve its core objectives through the appropriate management and employment of the available human resources. Strategic HRM is a concept developed on the basis of three main principles. The first principle states that human capital in an organization is a major source of competitive advantage creation. The second principle signifies that it is the work force of an organization which actually... ...
10 Pages(2500 words)Essay

Strategic HRM

...affecting the organization in both external and internal environments. In ensuring HR strategies, consider the interests of the organization and its people, the best-fit approach emphasizes the need for vertical integration between a firm’s business strategy and HRM policies and practices (Dyer, 2005). Best-fit approach in firm’s strategy for improvement of performance has been advocated based on models such as the Harvard model developed by Beer, Spector, Lawrence, Quin Mills and Walton (1984). The model provides a strategic framework for managers to develop relationships with employees and focus on soft aspect of HRM. The model strives to establish employee commitment as opposed to...
12 Pages(3000 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 Strategic HRM for FREE!

Contact Us