The Importance of History in Human Resource Management (Philippines Setting)

2029 WordsFeb 16, 20129 Pages
The importance of History in Human Resource Management History is defined by the Oxford Dictionary of Current English as “a continuous record of events.” As such, a country’s history encapsulates all that has happened in the country, and between it and other countries. A country, at a particular point in time, is thus the result of its history. Understanding a country’s history is fundamental to understanding the country and its people. In addition to shaping cultural values, history also shapes more spontaneous behavior. International managers are well advised to understand the history of any country where they do business. This understanding should encompass events in the distant past, as well as more recent ones. It should…show more content…
The utilization of human resources is primitively demonstrated in the BARTER SYSTEM & MAYORDOMO SYSTEM. ❖ BARTER. Wherein the exchange of goods/services occurred directly between parties. It is usually bilateral, and maybe multilateral. Due to absence of hard currency such as money/cash, it enables a mutual benefit of exchange and the non-monetary societies operated largely along the principles of gift economics. But for barter to occur between parties, both would need to have what the other wants. In the modern scene, barter still exists but not as rampant as it used to be. May it be CORPORATE BARTER, INTERNET BARTER, BARTER MARKETS, wherein parties/participants are members of a certain organization. ❖ MAYORDOMO. It is a system of having a master-servant relationship. Compared to bilateral/multilateral wherein no one is above the other, this human resource system is usually bilineal (can be multilineal but not necessarily categorical). Typically, the term refers to the highest (major) person of a household (domo) staff, one who acts on behalf of the (often absent) owner of a typically large residence. In a modern scene, similar terms include chamberlain, concierge, steward, butler. The term also refers, more informally, to someone who oversees the day-to-day responsibilities of a business enterprise. The majordomo is responsible for the management of a household or business. Majordomos were common in Europe until the
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