19/11/2010 Master II Management Financier (Financial Management) Mr Xavier LEPERS References Johnson G.‚ Scholes K.‚ Whittington R. (2006)‚ Exploring Corporate Strategy‚ Prentice Hall‚ 7th edition. Barney J. & Hansen W (2006) Strategic J W. (2006)‚ Management & Competitive Advantage‚ Pearson Education. Garrette B‚ Dussauge P & Durand R (Coord)‚ Strategor‚ 5ème édition‚ Dunod‚ 2009. 2 Chapter 1: Introducing Strategy 3 1 19/11/2010 Chapter 1: Introducing Strategy From competition
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Why is strategic HRM so important for organisations? Explain how strategic HRM can be facilitated and how it can contribute to an organisation. Strategic HRM: can be defined as the linking of human resources with strategic goals and objectives in order to improve business performance and develop organizational culture that brings up innovation‚ flexibility and competitive advantage. Strategic HRM involves setting employment standards and policies. Moreover it is not any particular human resource
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E-BUSINESS ORGANISATION: PETRONAS Value Chain: Support Activities Firm Infrastructure: -PETRONAS is the national oil and gas company of Malaysia and is wholly-owned by the Government of Malaysia. Together with its subsidiaries and associated companies‚ PETRONAS‚ a fortune global 500’s largest corporation in the world. -Fortune ranks PETRONAS as the 75th largest company in the world and the most profitable in Asia. HR Management: -PETRONAS provide industrial training programme for undergraduates
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Organisations have diversified through different era with new technologies and new strategies input. Managing people in an organisation has always been foremost priority for all the organisations to get competitive advantage. Organisational Culture is perhaps the single most important factor accounting for success or the failure of an organisation. In 1992For instance‚ in 1992‚ Kotter and Heskett conducted a long-term study of the largest ten to eleven high-performing companies in each of twenty-two
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stage the firm acquires itself a movie‚ at the moment there is no real value in terms of revenue as nothing has been done and also the cinema has spent money to get the movie. Information processing is what follows. In this stage the firm will do marketing and advertising‚ they will gain value by advertising‚ as more people will know about the film. The firm will look at were the film will be advertised‚ who is the audience is and also what the ticket will cost‚ in this stage they will spend more money
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are easily noticeable and measurable as compared to deep-level differences. One of the example is the use of expatriates who are professional personnel employed outside of their home country to work or assist in another organisation. Standard Chartered is one of the organisations which embraced surface-level diversity. It operates overseas and send executive to run subsidiaries in India and China since 1853. (Mellahi‚ Frynas & Finlay 2005) There will be a diverse of nationalities‚ culture and
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Jean-David Bokungu Assignment about the group presentation McDonalds I’m lovin’it McDonalds is the biggest chain of hamburger restaurants in the world‚ with 33.000 restaurants‚ around the world the serve nearly 68 million customers in the daily basis in almost 119 countries around the world‚ 1.7 million employees. McDonalds was created by Richard James “Dick” McDonald and his brother Maurice James”Mac” McDonald‚ they were amongst the first pioneers of American fast food restaurants .They
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Introduction In general‚ a team is defined by Oxford Dictionary as two or more people working together. According to Julie Garland‚ “a working team is usually a small‚ cohesive group operating within a larger organization and responsible for carrying out a particular task. Working in a team can be a threat as well as an opportunity. In order to achieve a specified objective in an organization‚ team members must work co-operatively‚ take initiative to get things done and be supportive to generate
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and free riders are allowed to benefit because‚ in each case‚ the outcome of the group performance…is shared equally by all group members‚ regardless of their input.” (Weldon and Mustari 1988‚ p.33) The reason why social loafing is a problem in organisations is because individuals minimize their contributions because they feel that the efforts are not noticed by others in the group (Kerr‚ 1983). Members may feel that they are able to “hang at the back” or in turn free ride and avoid all the consequences
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Marketing management is a business discipline which is focused on the practical application of techniques and the management of a firm’s marketing resources and activities. The marketing manager of a company plays an important role as far as marketing of the firm’s products and services are concerned. Apart from this‚ marketing managers are often responsible for influencing the level‚ timing and composition of customer demand accepted definition of term. It is worth noting that the roles of a marketing
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