Effective Management of Human Resources Essay - 1023 Words

Numerous researchers have recognized effective management of human resources internationally as a major determinant of success or failure in international business (Tung, 1984; Dowling, 1999). A definite link exists between an organization’s strategic human resource management and its business success or failure (Hays, 1971; Tayeb, 2005). Businesses have learned success often depends on forming strategic alliances but successful managing of these alliances is difficult due to differences in the company and country cultures, which often interferes with the ability of organizations to reap economic benefits and rewards from such alliances (Schuler, et al. 2006). This is true for domestic businesses and businesses operating in the†¦show more content†¦Miller, while researching over 200 companies, found only 19 of 100 Fortune 100 companies started in 1996 were still around ten years later, and concluded that success imperils an organization through the momentum it cre ates. He then described the rise and fall of major corporations after periods of apparent success. Vermeulen (2009) similarly concluded that the same thing that made Icarus successful led to his downfall. His overconfidence made him blind to the dangers of flying to close to the sun. How does it happen? Over the years companies begin to focus on the thing that made them successful (a particular product, service, production method, etc.). Initially it serves them well, and they become even better at it. It will also come at the expense of other products, processes, and viewpoints that the company considers less important and off the mark, and that are discarded or brushed aside (para. 6). As a result, firms are too late to adapt to fundamental changes in their business environments such as new competitors, different customer demands, radical new technologies, or newer business models. In his article, â€Å"Is Your Company Brave Enough to Survive†, Vermeluen (2009) concluded that there are a few downturn survival strategies companies might utilize in order to survive. He noted firms are better off opening up, exploring new sources of potential revenue, experimenting with bottom-up processesShow MoreRelatedThe Effective Management Of Human Resources1338 Words   |  6 PagesThe effective management of human resources is essential for business success. In this article, it will talk about the importance of the effective management of human resources. Human resources management is a function that using the limited employees to do the most work and make the business run, which is called HRM or simply HR. A valid work on human resources management will make busines s successful. The intention of this discussion is to argue about various sources, helpful purposes and functionsRead MoreHuman Resources Strategy : An Effective Human Resource Management Essay2577 Words   |  11 PagesHuman Resources Strategy: USAA – Service to the Services Russell A. Leatherman National American University MT6300: Human Resource Management September 5, 2016 Introduction An effective human resources (HR) strategy is the complete design, or strategic plan, that directs the engagement of specific HR functional areas. Subsequently, HR strategies will guide decisions about company personnel to make sure they are best suited for the company. For this to be successful, all of theRead MoreAn Effective Human Resource Management Department960 Words   |  4 Pagesthe direct link to all the various operations that make up our company, Human Resources management is vital to our current and future success. 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Effective Human Resource Management (HRM) is becoming an increasingly indispensable facet for organisationalRead More‘Human Resource Management Is Critical to the Effective Management of Organisations’1930 Words   |  8 Pages‘Human Resource Management is critical to the effective management of organisations’ Human resources are without a doubt the most important asset of any organisation and a resource which needs to be managed, but as Mullins (p.749) states, it is important to remember that unlike physical resources, people are not owned by the organisation. Human resource management is known to be one of the key management areas and is an essential part of every organisation. Certo defines management as the processRead MoreEffective Management Of An Organization s Human Resources1879 Words   |  8 Pagesopinion â€Å"An understanding of the key theories and principles relating to recruitment and selection, Personality and motivation are essential for the effective management of an organisation’s human resources†. This essay will also conclude my personal thoughts on whether all the attributes listed in the opinion are essential in the result of effective management. Motivation is the desire or willingness to fulfil a goal. Within the working environment, it is essential that the company’s employees to possessRead MoreEffective Operation Of Human Resource Management Function1593 Words   |  7 PagesQUESTION: Select two topics from the list below and critically discuss how they contribute to the effective operation of the Human Resource Management function. Your discussion must include theoretical issues and organisational examples. (100 marks) Introduction In this task, I will be discussing how recruitment and rewards contribute to the effective operation of HRM function. The purpose of HRM function is to get the utmost out of a business by improving the efficacy of its employees. A business