In today?s intensely militant and global marketplace, maintaining a competitive advantage by becoming a clinical depression cost leader or a differentiator puts a heavy premium on having a extremely affiliated or competitive advantage lies not just in differentiating a product or service or in becoming the low cost leader but in also being able to tap the gild?s special skills or core competencies and rapidly respond to guest?s needs and competitor?s moves. In opposite words, competitive advantage lies in management?s susceptibility to consolidate corporate-wide technologies and production skills into competencies that empower individual businesses to adapt pronto to changing opportunities.
In a growing number of organizations serviceman resources are now viewed as a source of competitive advantage. There is greater recognition that distinctive competencies anre obtained by highly developed employee skills, distinctive organization cultures, management processes and systems. This is in distinguish to the traditional emphasis on transferable resources such as equipment. Increasingly it is being recognized that competitive advantage prat be obtained with a high quality workforce that enables organizations to eject on the basis of market responsiveness, product and service quality, secern products and technological innovation.
Strategic human resource management has been outlined as ?the pattern of planned human resource deployments and activities intend to enable an organization to achieve its goals? (Wright & McMahan, 1992).
Strategic human race Resources means accepting the HR function as a strategical partner in the formulation of the company?s strategies as well as in the implementation of those strategies through HR activities such as recruiting, selecting, training and rewarding personnel. Whereas strategic HR recognizes HR?s partnership role in the strategizing process, the term HR Strategies refers to specific HR courses of action the company plans to pursuer to achieve its aims. HR management can run into a role in environmental scanning i.e. identifying and analyzing...
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