Human Resource is the most valuable asset of an organisation. What is an asset? It is a useful and desirable thing or quality that one wishes to have of which in this case‚ the organisation. More and more companies are realising the vital role that their employees play in ensuring their company survives in the tough world of business. Through the years‚ the awareness of employee importance has taken great effect in companies throughout and a high level of emphasis has been put in place into the
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INTRODUCTION Just as organisations have goals describing their primary business objectives‚ they also have goals with respect to controlling how these objectives are met. These are the control goals of an organisation which are enforced through a system of internal control. Such a system enables them to adhere to external laws and internal regulations‚ prevent and detect fraud and continuously enhance the overall quality of the business. Independent of the type of organisation‚ these internal control
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IHRM Describe the mains challenges of international staffing. These years‚ international staffing has become a common setting for MNEs. Over the last decade‚ globalization and internationalization of marketplaces had brought companies to expatriate their resources on target countries and sectors. It naturally means
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Utilitarianism was Originally formulated by Jeremy Bentham in the 18th century‚ and fully developed by John Stewart Mill in the 19th. It Asserts that we should always act so as to produce the greatest ratio of good to evil for everyone concerned with our decision and As with all moral theories‚ has many strengths and weaknesses. The prominant criticism of Utilitarianism is that it is extremely hard to predict the results of an action. The outcomes of all situations are hard to predict‚ so how can
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Gestalt theory emerged as a result of three German psychologists‚ who did not agree with the idea of introspection‚ and analysing perception to itemise it into individual sensations. They argued that‚ rather than separate sensations‚ we perceive objects as organised wholes. Gross (1987) attempted to explain this using the analogy of water; as a whole‚ it has different chemical properties to its components‚ hydrogen and oxygen. We organise and remember the arrangement of objects using a set of heuristics
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‘Human Resource Management is critical to the effective management of organisations’ Human resources are without a doubt the most important asset of any organisation and a resource which needs to be managed‚ but as Mullins (p.749) states‚ it is important to remember that unlike physical resources‚ people are not owned by the organisation. Human resource management is known to be one of the key management areas and is an essential part of every organisation. Certo defines management as the process
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organization and create value to its consumer‚ it is essential for Netflix to understand the competitive advantages and strategic competencies of its organization with the help from Netflix resources‚ capabilities‚ core competencies and value chain analysis. Tangible Resources Case Fact Strength Weakness Financial Resources Revenue grew by 25 percent to $4883.7 million and net income by 44 percent to $32.3 million (Ireland‚et‚ al.2013 P298) Ability to generate funds with the increment in revenue ability
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people to different locations * How do we manage transfer of knowledge across borders Human Resource Management (HRM) involves all management decisions and practices that directly affect the people who work for the organization. Human Resources: the people who work for the organization. Human resource management (HRM‚ or simply HR) is the management of an organization’s workforce‚ or human resources. It is responsible for the attraction‚ selection‚ training‚ assessment‚ and rewarding of employees
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Describe operation of retail store (a convenient store or pharmacy). 1) What are the process steps? 2) What are the main inputs? 3) What are the main outputs? 4) How customer judges quality of the store? Why these important? 5) How can technology be used to improve performance? Solution: Inputs | Operation Process(convenient store) | Outputs | Manpower | Plan the strategic locations | Goods | Seller | Plan the consumer needs | Drinks | Cashier | Purchase orders to fill
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M1 - Explain why human resources planning is important to an organisation. Human Resource management can be defined as a management of organisation workforce. It is responsible for recruitment and selection‚ induction and training‚ promotion and transfers‚ human resources and manpower planning‚ rewards and conditions of employment and appraisals and termination of employment. HRM is also a strategic and comprehensive approach to managing people and the workplace culture and environment. Effective
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