assignment on Organisations and Human Resource Management Essay

5251 Words Feb 20th, 2015 22 Pages
UNIVERSITY OF NICOSIA
ORGANIZATIONS & HUMAN RESOURCE MANAGEMENT

MODULE CODE: MBAN-609DE


ASSIGNMENT 1

BY:
PERFECT MAWUNYA DEKU

SEPTEMBER-OCTOBER
2014













A REPORT ON WHY STRATEGIC HUMAN RESOURCE MANAGEMENT IS
IMPERATIVE TO THE LONG TERM SUCCESS OF THE COMPANY


INTRODUCTION
Over the years, successful Human Resource management has proved to maximize services, profit margins and the entire work profile of various consortiums, companies and multi-national firms.
I believe HRM is simply the process of hiring and developing employees to ensure they become valuable to the organization. Another school of thought explains HRM more explicitly as an organizational function that aims to maximize employee performance in
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The implementation of cost strategies will include a quantitative cost goals inventory, raw materials and close supervision of labor.

HOW HUMAN RESOURCE MANAGEMENT SHOULD ALIGN WITH COMPETITIVE BUSINESS STRATEGY (WITH CITATION OF A SAMPLE SUCCESS STORY)
Cost strategy involves a firm winning market share by appealing to cost principles. A competitive business strategy can be achieved by having the lowest prices in a target market area. To attain this competitive strategy, my organization will need to sell its sport apparels at relatively more economic prices. This will be gauged and assessed with respect to our local and global competitors. Emphasis should also be placed on maintaining the quality of our brand. This will be one of the trademarks of the company that should be kept constant.
Our first approach will be to achieve low direct and indirect operating costs. The organization will begin by offering standard products in bulk, and limiting customization and personalization of service. For example, the firm producing sports apparel like club t-shirts and sneakers for the junior side of Aston Villa football club in England. This can be modelled in the form of a sponsorship deal.
Operating at a lower cost will help maximize profit in the longer term. As a result, the firm can diversify…