Chapter 1 – The Challenge of Human Resources Management 1. What is the difference between human capital and human resources management? Human capital: people’s actual knowledge‚ skills‚ and capabilities that have economic value to the company Human resources: managing human capital to achieve objectives 2. Explain how globalization is influencing human resource management. Partnerships with foreign firms & lower trade and tariff barriers -requires knowledge of business practices of the particular
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STRATEGIC HUMAN RESOURCE MANAGEMENT Identify an organization that has recently got competitive advantage over their nearest competitor. What were their Human Resource Strategies? APPLE Apple Inc. (Apple) was incorporated on January 3‚ 1977‚ is engaged in designing‚ manufacturing and marketing mobile communication and media devices‚ personal computers‚ and portable digital music players. The Company’s products and services include iPhone‚ iPad‚ Mac‚ iPod‚ Apple TV‚ a portfolio of consumer
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unpublished works and the ideas of other persons. (Student’s Signature) Yasas Kalubowila Full Name of Student Mr. Kalubowila Prathibha Yasas Date submitted _14 Jan 2012_ Programme _BA (Hons) - Business Management (Singapore) Course Code _39604BH______ Name of Module/subject _Human Resource Management Class ____1__________ ------------------------------------------------- Assignment Title/Reference no. (if applicable) _HRM 08701 (Part 2) ------------------------------------------------- Teacher
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and disciplined acquisitions and is now distributing its cleaning‚ personal hygiene‚ and skin care products nationwide. But Astar’s chief executive is 64 years old‚ and while all his attention is taken up with a new strategy to expand into international markets‚ board members are becoming increasingly worried about the issue of succession. Bennett wants none of it‚ arguing that if he were to die suddenly‚ his second in command‚ Tom Terrell‚ could take over. Besides‚ after much prodding‚ Bennett
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Plan IV Compensation InterClean is entering a new strategic target and upper management has asked for a proposed compensation plan purposely for the new sales team. Recommendations for the new compensation plan will be submitted to the human resource department manager for endorsement. The foundation of the new compensation plan was developed after reviewing the job analysis‚ training program‚ and performance management plan. The plan includes a description of the prepared proposal and the explanation
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reviewing the various outcomes of the HR functions. | D. determining whether the HR practice had the intended effect. | | 3. Which of the following is a false statement regarding cross-cultural preparation needed during the phases of an international assignment? | A. Preparation is required only for the employees‚ not their families. | B. Training may range from lectures for employees and their families to visits to culturally diverse communities. | C. Preparation for departure
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a difference ? Simmons Can training solve Simmon’s financial problems? Is the GCOL a good investment? How would Eitel know? How would the company’s owners know? Is Training a Good Investment? Training Evaluation ◦ 4 Types Human capital theory ◦ When PV of Benefits >= Training Costs 3 Professor Marler- Mgt 514
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The organization I am most familiar with is that of which I am currently employed‚ Farmhouse Studios is a small company consisting of seven people: The Director/Owner‚ two managers of equal rank‚ two designers‚ a sound engineer‚ a technician and a secretary. My position is that of one of the managers‚ my job is to generate new business and oversee day to day production. Farmhouse studios is in the compact disk duplication market‚ we provide a turnkey service in which company profiles may be set up
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Nokia: Human Resource Management (HR) – Personnel management To maintain a healthy‚ successful and efficient environment Nokia collaborates with its employees under the main goal to create an environment for all its employees where they can fulfill their potential. Motivation‚ encouragement and maintaining employees satisfaction and well-being at work is vital for Nokia to perform at its best. As a goods manufacturer Nokia collaborates with its employees within formal and informal networks to allow
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to the dynamic changes in the environment? Illustrate with examples. Nowadays most organizations operate in a dynamic environment. A dynamic environment‚ with frequent unpredictable events which have an impact on the organization‚ implies that management needs to align the organization with this ever changing context. Organizations struggle when the rate of change in their environment outpaces their organizational capacity to keep up (Foster & Kaplan‚ 2001). It is no longer possible for organization
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