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Business Research and Professional Skill - Essay Example

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The convergence of world economies has minimized-and in some cases eliminated-both legislative and geographical barriers to international production and sale of goods and services. The…
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Business Research and Professional Skill
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Download file to see previous pages This is effectively achieved by ways of in themselves creating this very economy of scale; expanding business operations helps them lower the marginal cost of production allowing them to therefore provide a favorable pricing policy within the market.
In achieving the aforementioned, firms must build up capacity. The attention of managers-and researchers alike-has been commonly directed towards assets in the sense of physical (fixed and current) and monetary assets (optimal capital structure) of the firm in achieving this objective. Perhaps as an oversight or of limited interest is the aspect of human resource and its contribution towards this end. Human resource policies usually come into light when matters of corporate governance and ethics in business practice are highlighted; and rightly so. A need therefore presents itself to examine whether the scope of human resource policies extend beyond the limited precincts of governance and organizational culture into its influence on capacity building in medium size manufacturing firms aiming to move to the next level of operations.
Organizational culture is created for through the organizations core values as stated within the company’s vision, mission and objectives (VMO) clause. The determination of this clause is restricted within the periphery of strategic decision makers involving the top level management (also referred to as C-level management since their usually have a prefix chief in their title for example chief executive officer, chief finance officer, chief marketing director and so on, so forth ). It is this organizational culture that provides identity to the firm within the public, thereby, distinguishing it from other organizations and by extension, their products in the market.
Therefore, this research aims at exploring the efficacy of the human resource policies employed as far as the managerial effect contributes to the performance of ...Download file to see next pagesRead More
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