Impact Of Globalization On The Business Industry

1756 Words Aug 28th, 2016 8 Pages
Globalization encompasses new challenges to the business industry. Nowadays an organization may face changes and must adapt strategically in order to stay on top of its competitors (Nielsen & Montemari, 2012).
An organization’s competitive advantage is based on its employees (Noe, Hollenbeck, Gerhart & Wright, 2015). Studies have shown that an employee is an asset that will not be imitated by competitors and cannot be substituted easily (Phillips & Gully, 2015). Therefore, having skilled employees will create a competitive advantage and contribute to an organization’s success.
Talent management helps an organization to attract, develop, retain and manage people in order to meet the organization’s objectives (Phillips & Gully, 2015). Without talent management an organization may not meet an organization’s human capital needs to achieve its goals.
Organizational Goals
Organizational goals are the company’s objectives; a business strategy is required to meet these objectives (Phillips & Gully, 2015). In order to achieve the organizations’ goals, man power will be required. Thus the company’s staffing strategy must be aligned with the organizational objectives so that the right individuals are in the right job positions (Phillips & Gully, 2015). For instance, if an organization wants to be recognized as the top technology among other competitors, then the staffing strategy must look into people who are technologically savvy and innovative. Or for example if an organization…
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