NB: Look at how the weaknesses of one model can be fixed by another model. BEST PRACTICE MODELS INTRODUCTION Due to the ever increasing rivalry between organisations, managers have been forced to develop strategies to allow them to compete in the competitive business environment and to provide the organization with a sustainable competitive advantage. This is where HRM, and the topic of best practice models appear. WHAT IS BEST PRACTICE MODELS? Although, there is no real definition of best practice model, Johnson (2000) put it best when he said "Best Practice ' or 'high performance ' work practices are described as HR methods and systems that have universal, additive, and positive effects on organisational performance. " In …show more content…
WHAT DOES EACH PARTNER BRING TO THE TABLE: Managers (line and supervisors): • Knowledge of the operation • Knowledge of their employees • Authority to make decisions HR • • • Specialised knowledge and expertise Relationships Innovative approaches to dealing with people Unions • Help facilitate change • Negotiates with employees and employeers • Promotes employee satisfaction STRENGTHS AND WEAKNESSES STRENGTHS Training of line manager with the help of HR, can help promote motivation and efficiency among employees Improved decision making with the help of both HR, Unions , Managers and Employee input Increased satisfaction due to the interactions with the organisation and unions Organisations can use unions as a means of communicating the needs and wants of both employees and employers WEAKNESSES Not everyone will be cooperative, ie line manager, unions and even HR personnel. Because of differing views, deciding upon a decision may be difficult Lack or commitment and congruence by partners can cause for poor communication and decision making. C. THE RESOURCE - BASED MODEL OF HRS Example: Steve Jobs (Henry 2008) "The resource based view emphasises the internal capabilities of the organisation
Barney, J., 1991. Firm Resources and Sustainable Competitive Advantage. Journal of Management, 17 (1), 99-120.
Managers generally consider the rivalry among competitors as a major source for deriving strategy. As explained by the Michael Porter it is a narrow view of competition. A set of other parameters should be evaluated, mentioned in article as five competitive forces, along with industry
Critically compare and contrast the ‘best fit’, BP and RBV models of HRM strategy – explain how EACH approach is argued to contribute to improve organizational performance.
Furthermore, it is stated that HRM practices can also be categorized on the basis of their emphasis into three sets viz., quality focus, cost reduction, and differential innovation (Guest, 1997). The importance of effective HR practices can be judged by the fact that with the effective execution of HR practices, the employees tend to be more committed to their work and they go the extra mile to add to organization’s benefit.
Through this case study I will be discussing strategic management. Strategic management can be defined as a process where an organization attempts to determine what actions need to be taken to achieve the overall objectives and more importantly how to meet them (Mello, 2015, p. 114). For a company to strive and meet their goals, deadlines, and missions they must stay conscious of the strategic plan put in place for the success of the company. If the company does not have a good strategic plan the company could fail. With correct planning a company could succeed without fail. Something that needs to be taken into consideration in the strategic plan should be investing into the company’s human assets. At first it may look like it is causing the company more issues however in the long run it will strengthen the company and moral making a more successful company. This could help with customer relations, and the organization status which will help produce additional revenue for the company.
Business environment is facing a rapid change that reminds the business management to focus on its core competencies to survive and sustain in the competitive environment. The core competencies can be developed by strategic human resource management. According to Armstrong (2006) employees are the valued assets for a company. The strategic human resource management is mainly developed in accordance to the fact that human resources need to be managed strategically for the company to enjoy sustainable competitive advantage.
According to the course text, it is critical for organizations to focus on best practices to maintain a competitive advantage to cover the various aspects of operational leadership, product advancement, and customer relationships (Ferrell & Hartline, 2014).
on broadening their customer base, can leverage this knowledge for the good of the organization.
Research and describe best practice models relevant to the business sector, especially as it relates to this case study.
In order to fulfill the company’s core purpose and philosophies while still maintaining a viable
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.
The company aims at ensuring that they are recognized as a leading company in its industry and rise above the noise in the market that is caused by competition.
More firms’ business strategy can be better realized using the integrative model of HRM. Both employees and firms’ aspirations can be met if the right strategy is used. . HR professionals must be well trained to implement this strategy.
It is important for organisations to achieve their goals, as this can assist them to reach a competitive advantage, which is a highly attractive position for a firm to be in.
An organization’s survival depends on factors such as increasing their market share in the industry, eliminating competitors, increase bargaining power with customers, successful collaboration; etc. However, perhaps the best way to