Critically compare and contrast the ‘Best Fit’, ‘Best Practice’ and ‘Resource-Based View’, models of HRM strategy and explain how each approach is argued to contribute to improved organisational performance.

2489 WordsMar 10, 201210 Pages
CRITICALLY COMPARE AND CONTRAST THE 'BEST FIT', 'BEST PRACTICE' AND 'RESOURCE-BASED VIEW', MODELS OF HRM STRATEGY AND EXPLAIN HOW EACH APPROACH IS ARGUED TO CONTRIBUTE TO IMPROVED ORGANISATIONAL PERFORMANCE. Strategy is the skill and planning that are involved in governing resources. In a business sense this relates to "a set of ideas, policies and practices which management adopt in order to achieve a people management objective" in studying Human Resource Management it is important to differentiate between the 'operational' and the 'strategic' methods of managing a workforce. A Strategic focus will require operating HR initiatives with an eye to long term corporate strategies and objectives. To focus on strategy would mean tackle and…show more content…
Best Fit The "best fit" approach to managing workers assumes that the managers and workers share a commonality; to work together for a common goal, which is the survival and prosperity of the organisation. For this strategy to work the employees must be able to convey the behaviours and ideas of the management in charge. The best fit approach understands that to manage employees effectively each organisation must be seen as a separate entity and managed accordingly, each business is to be understood as different and is to be managed in a different way. With the best fit model of HRM in place, the strategies of managing the firm's workforce should reflect that of the organisation's mission and corporate objectives, which reflects the classical approach to strategic planning, an approach which became popular during the industrial revolution and was used to tell workers how to do their job in a way that resulted in the most productivity and efficiency. The classical approach to strategy saw that employees were trained only in working their jobs in the most efficient way possible. The view of workers as machines rather than human beings is flawed as it leads to the de-motivation of employees who feel little self worth within the organisation due to having little responsibility and being asked to perform

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