0
How human resource management can be instrumental in helping a company to create competitive advantage?
Wiki User
∙ 12y ago
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
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
How human resource management evolved from personnel management?
In what several ways human resource manages can have a direct impact on organizational performance?
When a resource or capability is valuable rare costly to imitate and nonsubstitutable firms may obtain?
complex competitive advantage
What is involved in resource management?
The term resource management basically explains what is involved. There are a variety of things that require resource management such as Human Resource Management. This pertains to the management of resources such as staff, conduct, job descriptions and duties as well as a number of other things included in the management of various resources.
What is the nature and scop of Human resource management?
nature and scope of Human resource management?"
What two guiding principles for resource management does AFIMS contain?
planning, resource identification and management
How human resource management evolved from personnel management?
In what several ways human resource manages can have a direct impact on organizational performance?
A company that lacks a stand-alone resource that is competitively powerful may attempt to develop a competitive advantage through?
that lacks a stand-alone resource that is competitively powerful may attempt to develop a competitive advantage through
When a resource or capability is valuable rare costly to imitate and nonsubstitutable firms may obtain?
complex competitive advantage
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.
Coastal Resource Management?
Reaction about Coastal Resource Management Coastal Resource Management
How recruitment and selection process maintain a sustained competitive advantage?
Recruitment and selection is the process of outfitting an organization with the right people. When the human resource department focuses on attracting and retaining people who have the skills necessary to carry out the strategic objectives of the organization, then the organization will have a competitive advantage over their competition.
What has the author James B Ayers written?
James B. Ayers has written: 'Retail Supply Chain Management (Series on Resource Management)' 'Making Supply Chain Management Work' 'Improving your competitive position' -- subject(s): Project management
Role of HR department in growing organization?
Human resource management is the strategic approach to the effective management of people in a company such that they help their business gain a competitive advantage. There are many institute available that provides HR Management Course but Hughes Global Management is one of the best institutes. Interested candidate can visit the website for more information and registration.Visit website - wwwdothugheseducationdotcom
What are the systems approaches in resource management?
What are the systems approaches in resource management
What are the advantages and disadvantages of hr policies?
The advantages and disadvantages of Human Resource management are vast. One advantage is that the company will run very efficiently.
What is involved in resource management?
The term resource management basically explains what is involved. There are a variety of things that require resource management such as Human Resource Management. This pertains to the management of resources such as staff, conduct, job descriptions and duties as well as a number of other things included in the management of various resources.
What are the AFMINS two guiding principles for resource management?
Planning resource identification and management
