Executive Summary of High Performance Working Essay

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High Performance Working Executive Summary HPW systems are crucial to success, yet organizations often struggle to understand how to implement them. Although there is a widespread recognition in the academic literature that strategic alignment of bundles of HPW practices is key, what actually happens within organizations does not always reflect this. Case studies are an obvious means to understand in real-life the adoption of HPW, and explore what influences the beliefs and actions of managers in different circumstances. Case studies also enable us to explore how plans fare in practice and to see the results of the adoption of different practices or systems. They also help us to understand what influences the behavior of managers and…show more content…
By extension, intellectual assets and the organizational system that attract, develop and retain them are emerging as significant elements in the strategic decision making. This evolution in the role of human resources (HR) follows directly from the demand of rapidly changing product markets and the corresponding decline of command and control organizational structures. A skilled and motivated workforce providing the speed and flexibility required by new market imperatives has increased the strategic importance of human resources management (HRM) issues at a time when traditional sources of competitive advantage ( quality, technology, economics of scale etc. ) have become easier to imitate. In effect, while the markets for other sources of competitive advantage become more efficient, surrounding the development of a (High Performance Work) force. Remains a significant unrealized opportunity for many organizations. The changing competitive realities have provided the HRM function with and unprecedented opportunity to create significant share- holder value, through the effective management of the firms HRM system. We emphasize the importance of the global or overall HRM systems because we believe that it is the systemic and interrelated influence of HRM policies and practices that
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