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Explain how human resources management can be instrumental in helping a company create a competitive advantage?
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How human resource management can be instrumental in helping a company to create competitive advantage?
If we want to proof human resource as an instrument for gaining competitive advantages in a company we should focus on two things, one is competitive advantage and another is human resource management process. We know if any side of a company is more efficient than other companies in between a same industry is called competitive advantage. Competitive advantage is something that means, to achieve the goals how my internal resources support me. Competitive advantage is related to internal resources of an organization. On the other side we know human resource is the most important and most effective resource for any organization. Human resource is something that has no alternative for achieving the organizational goals. By using this tool one organization can gain it's goals The preconditions for achieving competitive advantage are many but low cost and high productivity are the most important for gaining competitive advantages. If a company has a efficient work force or human resource that is technologically advanced and flexible it's may be possible for that company to gain more competitive advantages into the respective industry. By formulating and executing the work force of a company it can achieve its goals and it can also increase its productivity. More productive the company more advantages in the market. Productive company can fulfill the demand of a market. BY: CHARITY YATTS
Why is it important for a company to make its human resources into a competitive advantage and how can HR contribute to doing so?
It is important for a company to make its human resources into a competitive advantage because if your company has good human resources, you are able to to receive more and more customers. (more customers more revenue ) !!!! It will also make your company more likable.
Home management human and non-human resources?
These assets are instrumental traits or qualities within people.in spite of attention given to resources in management literature in practice, the extend to which more people tap their potential human resources is far short of their capibilities.
What is the importance on training and development needed in Human Resources Management?
The importance of training and development in Human Resources Management involves proper management of personnel.
How limitation of resources is a major constraint in project management?
Limitation of resources is a major constraint in Project Management. Discuss.
what is required for the effective management of human resources in a firm to gain a competitive advantage in the marketplace?
timely and accurate information on current ee and potential ee in the labor market
What has the author Claire Garner written?
Claire Garner has written: 'An exploration of human resources management and development strategies to enable competitive advantage in the UK publishing production sector'
Difference between Competitive Advantage and Comparative Advantage?
Comparative advantage (of a country or firm, for example) is *given* by the access to certain resources that others don't have. Usually this is related to natural resources. I say "access" because it doesn't matter if you are or are not the owner. On the other hand, competitive advantages are *created* by combining different resources, primarily knowledge. In management this is equivalent to "rise barriers" for competitors, in the sense that a true competitive advantage is that one that is difficult to be copied by the competitors (although not impossible.) Due to the nature of the comparative advantages, it is usually said that they provide you a "static" advantage, something that others can surpass by using their competitive advantages, which are said to be "dynamic." Feel free to make corrections to my answer.
Characteristics of HRM?
1. It meets the need for strategic approach to human resource management which achieve fit between the business and human resources strategy. 2. Human resources are viewed as a sources of competitive advantage. 3. The performance and delivery of HRM is a line management responsibility.
How human resource management can be instrumental in helping a company to create competitive advantage?
If we want to proof human resource as an instrument for gaining competitive advantages in a company we should focus on two things, one is competitive advantage and another is human resource management process. We know if any side of a company is more efficient than other companies in between a same industry is called competitive advantage. Competitive advantage is something that means, to achieve the goals how my internal resources support me. Competitive advantage is related to internal resources of an organization. On the other side we know human resource is the most important and most effective resource for any organization. Human resource is something that has no alternative for achieving the organizational goals. By using this tool one organization can gain it's goals The preconditions for achieving competitive advantage are many but low cost and high productivity are the most important for gaining competitive advantages. If a company has a efficient work force or human resource that is technologically advanced and flexible it's may be possible for that company to gain more competitive advantages into the respective industry. By formulating and executing the work force of a company it can achieve its goals and it can also increase its productivity. More productive the company more advantages in the market. Productive company can fulfill the demand of a market. BY: CHARITY YATTS
Why is it important for a company to make its human resources into a competitive advantage and how can HR contribute to doing so?
It is important for a company to make its human resources into a competitive advantage because if your company has good human resources, you are able to to receive more and more customers. (more customers more revenue ) !!!! It will also make your company more likable.
Home management human and non-human resources?
These assets are instrumental traits or qualities within people.in spite of attention given to resources in management literature in practice, the extend to which more people tap their potential human resources is far short of their capibilities.
What is Equity strategic alliance?
Strategic Alliance: Is an alliance(a business strategy) in which two or more firms own different percentages of the company they have formed, by combining some of their capabilities and resources for creating a competitive advantage in the market. For Example: In Pakistan (Karachi), "own % of RBS,Barclays and CitiBank" when combine together their resources & capabilities they form a competitive advantage now named as "FAYSAL BANK".
What is business strategies?
A term used in business planning that implies a careful selection and application of resources to obtain a competitive advantage in anticipation of future events or trends.
What are the advantage of natural resources?
An advantage of Natural Resources would be the option for renewable resources.
New opportunities and innovative strategies?
An innovative strategy guides decisions on how resources are to be used to meet a firm's objectives for innovation and thereby deliver value and build competitive advantage.
What is the difference between business management and finance management?
Financial management is the management of monetary resources in an organization. Business management is the management of all aspects of an organization, not only monetary resources but human resources, marketing etc.. as well.
