Competitive advantage and resources management management essay

The knowledge of the firm lies within the human capital of the firm, the consultant employees.

how does managing employees contribute to achieving a competitive advantage

The success of Japanese companies who exploited team working in order to create competitive advantage has had an important influence on strategic HR management activities in UK companies.

In meeting the external pressures, measures such as mergers, acquisitions, strategic alliances, downsizing and restructuring are common responses.

Much American productivity gains have come from such mundane innovations as Wal-Mart achieving purchasing and logistical scale economies and the disintermediation that eliminated middlemen.

how does turnover contribute to competitive advantage

At this stage the use of technology generated challenges correspondent to the pay levels of staff as well as within the information transformation process between management teams and employees. Edmondson, A.

Strategic human resource management and competitive advantage

Let's see if we can help you! Haslam, S. Posted on November 9, by Peter Winsley Managing organisations means marshalling resources to deliver value to those external to the organisation and from this creating competitive advantage. This is the case in the textile manufacturing industry in that Tenrose as a traditional manufacturer made only a limited effort in relation to training and relied instead on the passing on of skills from old staff to new employees in an informal manner. More importantly the manner of organisational learning is largely related to the corporate culture and leadership style of the organisation. This will mean labour force demands are for integrators and operational managers. Related Pages:. Performance review allows for strategic decision-making regarding employee advancement, retention, and separation, while providing insight into career planning Pynes, , p It means thinking through the organisational design, skill needs and therefore people requirements and how these can be marshalled for the business purpose. Some businesses fail not because they are static but because they are growing too fast. For an organization to maintain operations and increase profit, it has to strategically manage its affairs. Toyota is headquartered in Tokyo, Japan and is the largest producers of automobile in Japan as well as the second largest in the world. What role can the CIO play in helping make this determination and enabling the execution? Therefore in order to take advantage of internationalisation in that Tenrose more and more cooperates with international partners it can be said to be essential for the human resource management team to adopt a leadership strategy and recruitment drive sensitive to diverse background within the company and its international partners. Much advantage can come from labour-augmenting or displacing technology and how that changes relationships people have with technology.

Findings demonstrate that indeed HRM should be a central core of any business venture that aims to achieve and sustain competitive advantage, but it is especially instrumental in service, manufacturing and public sector organizations. The many capacities of HRM in ensuring the sustenance of competitive advantage have been well expressed.

Competitive advantage and resources management management essay

Businesses must give their customers a complete through-life picture of what they are offering. In this way efficiencies are able to be created by team working and the sharing of information and knowledge. Human Resource Management is a technique process of managing people in the workplace to enable and enhance organization performance Leopold and Harris, In a complex world competitive advantage can involve a near infinite number of combinations or product variants in complex international markets where billions of people respond to the world in different ways. For example, for a High-tech company Amazon or Facebook, HR department is responsible for selecting employees with high level of expertise and team spirit due to lots of team based projects Ejim, Esther, Once a business is established it is vulnerable to decline and that is why competitive advantage must always be changing and moving forward. Fast growing organisations have to evolve or change their unique mission and this creates risks. Learn More Public-sector organizations must not only be able to respond to varying political and economical dispositions, but they must also be in a position to deal with a large number of employees, trade groups, government regulations as well as employee welfare issues Ferris et al. In this perspective, organizations that want to remain ahead of the pack in terms of competitiveness have taken to developing HR practices that are specifically intended to enhance capacity to change and build organizational flexibility. Nonaka, I. Competitive advantage refers to the ability of an organization to formulate strategies to exploit profitable opportunities, thereby maximizing its return on investment. HRM practices in service-based organizations: A role theory perspective. This helped create impersonal markets where economic goods were increasingly property right abstractions and claims rather than physical goods. This along with the development of a strong leadership style in order to create an organisational culture will in turn ensure that employee motivation can be raised during difficult transformational stages.
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“Gaining Competitive Advantage Through Human Resource Management” Essays