HRM - Discuss critically Are people always an organizations...

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Discuss critically “Are people always an organization’s most valuable asset?” Why or why not? In the world, people are the mater or dominator. Any organization also needs people to grow, make money or at least to survive. That is reason why human resource management is getting more and more important in today’s business or organization. In the past, observers feared that machines might one day eliminate the need for people at work. In reality, just the opposite has been occurring. People are more important in today’s organizations than ever before. As Ed Gunman, author of The Talent Solution, points out, “in many fast-growing economies, it may be easier to access money and technology than good people.” Competitive advantage belongs to companies that know how to attract, select, deploy, and develop talent. We use a lot of words to describe how important people are to organizations. The terms human resources, human capital, intellectual assets, and talent management imply that it is people who drive the performance of their organizations (along with other resources such as money, materials, and information). Successful organizations are particularly adept at bringing together different kinds of people to achieve a common purpose. This is the essence of human resources management. In other world human resources management is the process of managing human talent to achieve an organization’s objectives. (Snell, Bohlander, 2010) People are the resource, especially talent people are competition. What kind of people or human resources do you have in the company that is to determine the company's future. Professional organization such as the Society for Human Resource Management and the Human Resource Planning Society conduct ongoing studies of the most pressing competitive issues facing firms. By looking for the input of chief executives and HR managers, these organizations keep a finger on the pulse of major trends. So, for the past decade or so, the competitive challenges in the human resources management we can list down by: (1) Competing, recruiting, and staffing globally. (2) Embracing new technology (3) Managing change (4) Managing talent, or human capital
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(5) Responding to the market (6) Containing costs To grow and prosper today, companies are aware that to survive, they will likely to have to seek business opportunities in global markets. Competition and cooperation with foreign companies has become an important focal for business. For example, exporting accounts for a large portion of the US. economy. In 2007, a record 11.7percent of what American’s produced or a bit more than one in nine dollars worth of production went overseas. On the flip side, the US has imported more than it has exported every year since the early 1970s. in addition, the trade imbalance with the rest of the world is nearly double what it was in 2001. The biggest trading gap is with China, despite the fact that in 2007, a number of Chinese imports had to be recalled.
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