Globalization is defined as a continuous process of integration of different economies, societies through a global network of information exchange and communication. Economic globalization on the other hand is defined as the phenomenon in which regional and the national…
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The use of the World Wide Web as a medium of communication has played a key role in dissolving the national and regional boundaries. The rise of information technology has brought with it the concepts of terms like outsourcing. It has also led to people and ideas coming together closer.
Despite globalization being considered as a feature that intends to convert the entire world into a single global village, it has some negative effects as well. The spread of globalization has also adversely affected the trade interests of the poorer nations. Globalization has also lead to spread of many infectious diseases which may have been quarantined if the feature was absent.
The term globalization was first coined in the year 1980. Globalization since then has been cited by different people in many ways. Gordon (1995) concluded that there are three distinct and different meanings of the term “globalization”. He also stated that these three terms have separate implications and meanings for different sections of the society. The three meanings are Multi-nationalization, Internationalization and Trans-nationalization. Multi-nationalization is defined as a phenomenon in which business houses tend to locate their business units in different nations with the help of information technology aided tools like internet and e-commerce. Internationalization is a term which refers to the expansion of the businesses of a firm into different and diverse geographical regions cutting across national boundaries. Trans-Nationalization is defined as a term which is better known as strategic alliance in which two or more business organizations from diverse countries share their experiences and expertise to develop new services and products on a joint basis. (Ashford, NA. n.d.).
He also stated the role of information technology towards bringing about globalization. Information technology has brought with it tools like internet and e-commerce which have wiped away national and regional
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(Resource Management Essay Example | Topics and Well Written Essays - 3500 Words)
“Resource Management Essay Example | Topics and Well Written Essays - 3500 Words”, n.d. https://studentshare.org/miscellaneous/1559044-resource-management.
In the contemporary market characterised with intense competition, most organisations have diverted from conventional perception of human resource as passive resource that can be manipulated to get things done.
Human resource management of an organization deals with a number of management decisions which have a major impact and influence on the people of the organization. The human resource management when dealt with in a strategic manner with strategic plans and well thought out and strategically devised practices, then this is referred to as Strategic Human Resource Management. The main aim of this paper is to compare and contrast the various approaches of strategic human resource management.
This transformation has had major impacts in organizational management. The concept of SHRM has evolved as a bridge between the management of organizational human resource and business strategies. The major impact has been seen through the alignment of the human resources to the performance of the firm to give it a competitive advantage.
According to the paper crew resource management is a uniform product comprising of procedures of training used in the devastating environments caused by human errors. It is also termed as cockpit resource management as it is employed for the improvement of air safety. Crew resource management primarily focuses on leadership, communication and decision making process.
Resource management lies not only in assessing the viability of a particular strategic proposal, but also in assessing the ability of the organization to adapt to change. The main questions raised in the articles under analysis include the following:
Can the firm deal with changes in demand or can it withstand a price war with its competitors Has it the financial backing to invest in new technology Is the age profile of its staff sufficiently balanced to ensure succession Many such questions deal with issues of resource balance.
Strategic human resource management can be defined as an efficient management process of utilizing human resources to the best extent and it aims at enhancing the organizational efficiency (Fombrun et al., 1984). It is a complex process that is continuous in nature
The two concepts are interrelated but one elicits higher performance than the other. There was need to develop this advanced form of human resource management as a result of the changing nature of technology, economy and market. There was a need to come up with a
One element that plays a substantive role in ensuring the success of an organization is the job description, and, therefore, the paper discusses the aspect of job analysis as the cornerstone of human resource
Fordism supported domestic mass production and the allocation of high wages among laborers. It was under fordism concept that mass consumption considerations got integrated with accountabilities on production. The philosophy of fordism has influenced business operation
2 Pages(500 words)Essay
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