Most Valuable Asset Of A Company Business Essay - Free Essay Example

Sample details Pages: 3 Words: 925 Downloads: 5 Date added: 2017/06/26 Category Management Essay Type Narrative essay Did you like this example? The most valuable asset of a company is human resource . To be prosperous, a company has to make operative productivity a main goal. Human Resource Management (HRM) term has changed in a number of times through history. Don’t waste time! Our writers will create an original "Most Valuable Asset Of A Company Business Essay" essay for you Create order Across pre-historic periods, there continued consistent methods for selection of tribal leaders. The exercise of protection and condition as hunting was bypassed on from generation to generation. From 2000 B.C. to 1500 B.C., the Chinese used employee-screening techniques, and the Greeks used an apprentice system (History of Human Resource Management, 2010). During the late 1700s and main 1800s, because of the quick development of Great Britain, the United States evolved from an agrarian state to an industrial nation. This Industrial Revolution, developed a separate class of managers and employees in the factories (The Emergence of Modern Industrialism, 2010) .Labor unions were established to protect employees rights During 1790-1820. The Fair Labor Standards Deed of 1938, enforced by the U.S. Department of Labor,established combined minimum wage standards, youngster labor regulations, and increased wages for overtime. Both regulations and association theory instituted the antecedent for human resource association today. The main purpose of this research is to present the definition of Human Resource Management HRM from many theories in the history and also the meaning ,objective ,scope and function of Human Resource Management (HRM) Before studying about the meaning of HRM . Typically, the term of Human resource or sometime call Personnel mean the persons employed.The company or organization is the group of people who working for gold of the company. 3.1 Definitions of Human Resource Manangement (HRM) There are numerous definition of Human Resource Management.There is no universally agreed definition HRM. Some source is defined as a system of activities and strategies that focus on successfully managing employee at all levels of an organization to achieve organizational goals'(Byars Rue,2006) The level of productivity can vary by the skill levels the employees . The comprehensive set of managerial activities and tasks concerned with developing and maintaining a qualified workforce human resources in ways that contribute to organizational effectiveness. (DeNisi and Griffin, 2004) In it wide sense HRM can be used as the term means any approach to managing people like All those activities associated with the management of employment relationships in the firm'( Boxall and Purcell, 2003). Another definition which focuses on training in order to increase the ability and commitment of employee to enhance business performance , Storey ( 1995: 5) a distinctive approach to employment management which seeks to achieve competitive advantage through the strategic deployment of a highly committed and capable workforce, using an array of cultural, structural and personal techniques Guest (1987 ) and Storey (1992) defined term of HRM in 2 ways soft and hard HRM .The hard focused on senior manager , the decision making is quicker and more cost- effective workforce , concern about reducing the cost for example ; low salaries , cl ose supervision. On the other hand, The soft focus on improving the quality , commitment and flexibility of employee and enhance the commitment.Staff being treated nicely! The organization should balance the two ways of HR .For example if the company uses too soft approach staff when all staff benefits are added up , the cost of staff will increasing this is the disadvantage. As the debate of HRM has progressed more definition have additionally been given for example; high-commitment management (HCM) which use rather than soft HRM and for hard HRM there is strategic HRM use instead. The Matching Model is one of HRM model, developed by academic at the Michigan Business School,introduced the concept of strategic human resource using a set of HR policies and practices that are integrated with each other and with goal of the organization.Price ( 2004 : 45-46)the key area of HR policies and system is selection of most suitable people to encounter the business needs,perform ance in the pursuit of company objective.As you can see ,the matching model is closely associated along side the hard HRM.The deployment of employee to encounter the organization objective At Harvard University ,Beer et al .(1984) developed The map of HRM territory,the concept is there are a variety of stakeholders in the organization such as the government , a group of employee .This model focus on the prescriptive element of the benefit of stakeholder or employee. It likes the soft HRM and this model also developed a set of propositions that make the company more effectively.This displays an assumption that it is probable to balance the crucial integration associated alongside hard HRM with the softer HRM of high commitment practice. 3.2 As I mention about various definitions of Human Resource Management (HRM) before in section 3.1 in this section I will illustrate about HRM in my understanding .HRM refers to the practices , policies and systems that influence workers beh avior , performance and attitudes.Some time mean people practices . Figure 3 shows HRM practices or HRM strategic consist of analysis and design of work , HR planning ,Recruiting , Selection ,training and development , compensation , performance management. This is show that how HRM practice effectively support business objective and goals.HRM practice also increasing the organization performance by customer satisfaction and contributing to employees,productivity innovation and development of a favorable standing in the firms community. HRM can contribute to quality , profitability and other business goals including supporting and enhancing business organization. Human Resource Management in Context, 3rd edition.by David Farnham Published by the CIPD.Copyright  © David Farnham 2010 What Is Human Resource Management Jones Bartlett Learning, https://www.managementstudyguide.com/personnel-management-vs-hrm.htm https://tutor2u.net/business/people/hrm_hard_soft.asp

Constitutional Issues And The Scope And Character Of U.s....

Constitutional Issues and the Scope and Character of U.S. Government 1 Constitutional Issues and the Scope and Character of U.S. Government Britteny Klemm POL303: The American Constitution Tammi Clearfield April 21, 2014 Constitutional Issues and the Scope and Character of U.S. Government 2 Freedom of speech, Barendt (2005) mentioned, is one of the basic rights of any human being. The entitlement to express one’s opinion and view on anything without the fear of being harassed or penalized by the authority is ensured by this act. For many centuries common people were denied this right. Even now many countries prohibit its citizens to practice this fundamental right. USA is one of the countries, which is known for being vocal about civil rights and freedom. Therefore it is no wonder that the country’s constitution has given special attention to Freedom of speech. Freedom of expression and freedom of rights are uttered under same breath. They have subtle differences. The broad definition of right of speech allows an individual to communicate any idea, the medium being his/her body and property to whoever is interested. Freedom of expression additionally includes receiving, passing on and searching for information through any medium. The first amendment shield s the freedom of speech right of the American citizens. Although there are several clauses to this practice, yet USA is one of the countries, which have provided its people with the freedom to put forward theirShow MoreRelatedThe Supremacy Clause Is The Clause That Establishes The Federal Government s Authority Over State Governments1521 Words   |  7 Pages Supremacy Clause Matthew Newkirk Constitutional Law Mr. Timothy Allmond Wiregrass Georgia Technical College November 19, 2015 â€Æ' Abstract The Supremacy Clause is the clause that establishes the federal government’s authority over state governments. The Supremacy Clause is found in the U.S. Constitution in Clause Two of Article Six. This Clause upholds the United States Constitution, federal statutes, and treaties as the supreme law of the land. Federal law’s supremacy applies only if CongressRead MorePrivacy Laws City of Ontario, California, Et Al. V Quon, Et Al. 560 U.S. (2010)1888 Words   |  8 PagesREADING: City of Ontario, California, et al. v Quon, et al. 560 U.S.___(2010) DISCUSSION QUESTIONS: 1. What were the material facts of City of Ontario, California, et al. v Quon, et al. (Ontario v Quon)? ï‚ § Petitioner Ontario (hereinafter City) acquired alphanumeric pagers able to send and receive text messages. Its contract with its service provider, Arch Wireless, provided for a monthly limit on the number of characters each pager could send or receive, and specified that usage exceedingRead MoreMarbury Versus Madison3744 Words   |  15 Pagesciting part of the Judiciary Act of 1789 as unconstitutional. 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Colonial homes were often crowded, affording little privacy. There have been many events about privacy since 1639. In 1787, the U.S. Constitution was written declaring it does not contain an express right of privacy, in Article 1, Section 2, Paragraph 3, the ConstitutionRead MoreLegal Analysis of Indirect Expropriation Claim Under Korea-Us Fta3592 Words   |  15 PagesCOMPARISON: NAFTA AND U.S. TAKING JURISPRUDENCE†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 4 IV NEW TREATY TEXT: INDIRECT EXPROPRIATION UNDER KOR-US FTA....... 8 A. Textual improvements of KOR-US FTA indirect expropriation provisions†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦....8 B. Criteria determining whether an indirect expropriation has occurred†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦12 1. 2. Interference of the measure with reasonable investment-backed expectation..16 3. 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The Issue Of Sanders Rhetoric - 1432 Words

As the election creeps increasingly closer nervous liberal onlookers had all their attention on the Democratic National Convention. On Monday, the 25th of July, Bernie Sanders approached the podium in the Philadelphia Convention Center to deliver his much anticipated speech. Although a formal announcement had not been made on the nominee, most individuals knew that the race was all but over for Mr. Sanders. With that being said, the audience which was overflowing with liberals, could not have been more upset with the imminent nomination outcome. The audience s age gap varied but many of the crowd were in the 20-40 year old bracket. Given these points, my decision on the success of Sanders rhetoric will be given at the end of this paper. One of the first details that can be noticed about Sanders is his attire. His suite looks routine and non-expensive. The nature of the suit portrays an everyday man or man of the people. In other words a practical and lovable man who despite having th e financial capacity does not indulge himself in redundant purchases. Over the years Bernie has stuck with this appearance and seen his followers grown tremendously. Evidently, many individuals respect and are more inclined to listen to Sanders because of his frugal attire. In terms of credentials and experience, he has a long list of jobs and positions held throughout his lifetime. In no particular order he has received a B.A. from the University Of Chicago, lectured at Harvard, served as theShow MoreRelatedBarack Obama s Presidential Election Essay1591 Words   |  7 PagesPresident of the United States. 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Business Organisational Policy

Questions: Task 1Discuss the ways in which companies, like the ones mentioned in the extract above, that sourced clothes from the Rana Plaza can help improve business practices to prevent recurrence of events of this nature.Task 2Choose any company, research and evidence how they operate ethically, taking into account their approach to consumerism, values and environmental friendliness. Answers: Introduction The business report is based on a number of concepts in the industries having a number of businesses operating in their corresponding fields. The report focuses on the ethical practices in the workplace of various organisations in a number of industries including the garments industry. The ethical practices described in the report allow us to understand and analyse the situations which requires the help of the ethical guidelines in the workplace of the organisation. The report focuses on the significance of ethical practices in the workplace of the organisation and its requirements in the workplace of the organisation (Jennings, 2014). The concept of business ethics is associated by the concept of ethical consumerism, which defines the activities of the consumers of buying products and services manufactured in ethical way. The report also focuses on different forms of ethical consumerism such as positive buying and moral boycott. This report also takes the accident in the workplace o f Rana Plaza into consideration, which allows us to understand and analyse the factors involved in the corresponding accident in the workplace of Rana Plaza. The report also analyses the situations which allows a number of organisations dealing with organisations like Rana Plaza operating in the garments industries to avoid similar accidents in the future (Shaw, 2013). Task 1 The report describes regarding some recommendations in this section which allows organisations dealing with other organisations like Rana Plaza to avoid the reoccurrence of the accident in the workplace of Rana Plaza. An accident caused 1134 people to be killed and 2500 people to be injured on 24th April, 2013. This accident happened in Savar, Bangladesh due to a building collapsing on top of the garment workers working in the factories of Rana Plaza. There are a number of factors which are associated to such an accident in the workplace which could be considered to effectively avoid similar situations in the future. This section of the report describes a number of courses of actions and recommendations for the organisations operating in the garments industries and dealing with the garments industry in order to avoid similar situations (Hoffman, 2014). Business ethics Business ethics can be defined as a concept which allows the individuals and groups of individuals working in various business functions across the organisation to follow the organisational guidelines and stay away from any kind of unnecessary and unfair activities in the workplace. Business ethics can also be defined as the framework which allows the individuals and groups of individuals in the workplace of the organisation to behave in an equal and fair manner with the others operating in the same workplace and same industry. This can also be defined as the study of a number of ethical issues and problems which are possible in the workplace of an organisation operating in any industry (Ferrell, 2014). The concept of business ethics plays a very essential and important role in maintaining the ethical practices in the workplace of the organisation. The maintenance of business ethics in the workplace of the organisation helps the individuals to take ethical and effective decision in c ase of any ethical dilemma in the workplace of the organisation. The report focuses on the maintenance of business ethics in the workplace of Rana Plaza and other similar organisations operating in the garments industry. Ethical consumerism Ethical consumerism can be defined as the role of the consumers in maintaining business ethics in the workplace of the organisation. This can be defined as the process in which the consumers in the market make the buying decisions ethically and by considering the ethical situations in the workplace of the organisation. This allows the consumers to support and prefer the products of the organisations operating in ethical manner. As mentioned in the previous section, ethical consumerism could be defined in a number of categories and forms which in turn suggests the preferences and buying behaviour of the existing and potential customers in the market of the organisation (Ferdous, 2014). Recommendations This section of the report provides a number of recommendations to the organisations similar to the Rana Plaza and the organisations transacting with other organisations like Rana Plaza. These recommendations allow the organisations to avoid situations similar to the accident which occurred in the workplace of Rana Plaza. Organisations similar to the Rana Plaza should focus on following some of these recommendations to improve their practices. The management of the organisations should develop and implement effective business ethics guidelines in the workplace of the organisation, which in turn allows the organisation to maintain business ethics in the workplace (DesJardins, 2014). The management of the organisations should try to increase the awareness of the employees and the senior shareholders regarding the business ethics and CSR practices of the organisations (Randall, 2013). The organisations should focus on the maintenance of transparency in the workplace of the organisation, which defines the free flow of information through the workplace and entire hierarchy of employees in the organisation. The transparency between the employees and management of the organisation allows the maintenance of business ethics in the workplace, which in turn allows the business practices of the organisations to be improved (Papaoikonomou, 2011). One of the biggest factors in improving the CSR and business practices of an organisation is the maintenance of fairness and equality among the employees working in various business functions. If the management is fair and equal to all the employees, then the quality of the business practices is improved. The management of the organisation should also focus on enhancing the corporate social activities by involving more stakeholders of the organisation and engaging more employees of the organisation in a number of corporate social activities. The management of the organisation should also ensure the maximum compliance of the employees to the ethical guidelines in the workplace of the organisation by closely monitoring and reviewing the actions of the employees (Qiu, 2013). The organisations making transactions with the organisations similar to Rana Plaza could follow some of the recommendations mentioned in this section to avoid situations similar to the one transpired in the workplace of Rana Plaza. The organisations doing transactions with organisations similar to Rana Plaza should ensure ethical consumerism. The consideration of these organisation of the ethical consumerism requires the organisations to consume the products and services of the organisation having the business ethics in the workplace. The business ethics and proper review of the activities allow the organisations to avoid situations similar to the accident occurred in the workplace of Rana Plaza (Solomonm, 2012). The organisations transacting with the organisations similar to the Rana Plaza should ensure that various business transactions and activities between both the organisations to be reviewed and monitored at each stage of the process. Task 2 This section of the report focuses on the analysis of the operating model of Nike in terms of their compliance to ethical practices, ethical consumerism, environmental friendliness and values. This section also allows us to identify and analyse these factors in the workplace of Nike, which focuses on business ethics and ethical consumerism. Ethical consumerism The operational model of Nike focuses on the establishment and maintenance of business ethics and ethical practices in the workplace of the organisation, which in turn affects the buying behaviour of the consumers. The ethical consumerism in the market of operation of Nike allows the consumers to buy products and services from the organisations having ethics implemented and utilised in the workplace of the organisation (Randall, 2013). Values This section describes some of the essential and major values associated with the business model of the organisation in terms of its workplace and various business operations in the workplace. Employee engagement and development Nike ensures that the skills and talent of the employees are enhanced regularly which allows them to maximise their throughput and performance in various business functions of the organisation. This is done by the management by channelizing the human resources in the organisation through a number of activities of engagement, training and development. All of these activities in the workplace of Nike allows the employees to regularly enhance their skills and learn new skills (De George, 2011). Fairness The management of Nike focuses on treating each of the employees in the workplace as equals which in turn allows the employees to be confident and more involved in the business model of the organisation. This in turn allows them to have more throughput and efficiency, which enhances the overall performance of the organisation. Working environment The management of Nike ensures the creation and maintenance of a positive working environment in the workplaces of the organisation by having good relations with the employees and focusing on various rights of the employees in the workplace of the organisation (Davies, 2012). Environmental friendliness The management of Nike also invests a number of resources in the process of maintaining the friendliness of the business processes with the environment of the organisation. The environment friendliness of the business model of Nike is based on a concept of 3Rs. The 3Rs concept for environmental friendliness allows the management of the organisation to reduce the activities which damage the environment, reuse the components of the business model which can minimise the damages to the environment and recycle the by-products of the business model of the organisation (Qiu, 2013). The management of Nike also tries to maintain the environmental friendliness by focusing on a number of projects and programs allowing the sustainable development. The concept of eco-friendly business followed by Nike allows the management of the organisation to be focused on the processes of making the entire business model to causes minimal damages to the environment of the organisation. The management of Nike is investing a lot of resources in a number of programs to achieve and maintain an eco-friendly business (Bucic, 2012). Conclusion The report is based on a number of essential factors in the workplace of any of the organisations in any of the industries around the world. The initial parts of the report were focused on the accident that occurred in the workplace of Rana Plaza due to poor maintenance and compliance. These sections of the report focused on a number of solutions and recommendations which could allow the organisations like Rana Plaza to improve their business practices and corporate social responsibilities which in turn allows them to have better efficiency and throughput in the corresponding industry of operation (De George, 2011). This section allowed us to analyse some of the factors which led to the accident in the workplace of Rana Plaza and the factors which should be taken into consideration to avoid similar issues in the future. Some of the sections of the report focused on the operational and business model of Nike in terms of business ethics and ethical consumerism. These sections of the re port allowed us to identify and analyse various factors of the business model of Nike which allows the establishment and maintenance of business ethics in the workplace of the organisation. The report also describes the way in which the business ethics in the workplace of the organisation leads to ethical consumerism by the consumers in the corresponding market (Chell, 2014). Recommendations This section of the report provides a number of recommendations to the garment businesses which source materials to the clothing manufacturers across the globe. These recommendations allow these garment businesses across the world to improve their business activities and avoid similar accidents in the future (White, 2012). The management should ensure the compliance of all the employees with the ethical guidelines and practices in the workplace of the organisation, which in turn allows them to increase the quality and efficiency of the business processes of the organisation. The management should also implement effective business systems to review and monitor the business processes to ensure the efficiency and effectiveness of the security systems and protective programs (Bray, 2012). References Bray, J., Johns, N., Kilburn, D. 2011. An exploratory study into the factors impeding ethical consumption. Journal of Business Ethics, 98(4), 597-608. Bucic, T., Harris, J., Arli, D. 2012. Ethical consumers among the millennials: A cross-national study. Journal of Business Ethics, 110(1), 113-131. Chell, E., Spence, L. J., Perrini, F., Harris, J. D. 2014. Social Entrepreneurship and Business Ethics: Does Social Equal Ethical?. Journal of Business Ethics, 1-7. Davies, I. A., Lee, Z., Ahonkhai, I. 2012. Do consumers care about ethical-luxury?. Journal of Business Ethics, 106(1), 37-51. De George, R. T. 2011. Business ethics. Pearson Education India. DesJardins, J. R., McCall, J. J. 2014. Contemporary issues in business ethics. Cengage Learning. Ferdous, J., Aziz, M. N. 2014. Consumer Perception, Behavioral Gap, and Response to Ethical Business: The UK Perspective. Journal of International Business Ethics Vol, 7(2). Ferrell, O. C., Fraedrich, J. 2014. Business ethics: Ethical decision making cases. Cengage learning. Hoffman, W. M., Frederick, R. E., Schwartz, M. S. (Eds.). 2014. Business ethics: Readings and cases in corporate morality. John Wiley Sons. Jennings, M. 2014. Business ethics: Case studies and selected readings. Cengage Learning. Papaoikonomou, E., Ryan, G., Ginieis, M. 2011. Towards a holistic approach of the attitude behaviour gap in ethical consumer behaviours: Empirical evidence from Spain. International Advances in Economic Research, 17(1), 77-88. Qiu, J. I. N. 2013. Introduction to Ethics for Marketing Managemnet in the Medium-sized and small Enterprises. Logistics Engineering and Management, 1, 050. Randall, D. M., Gibson, A. M. 2013. Methodology in Business Ethics Research: A Review and Critical Assessment. In Citation Classics from the Journal of Business Ethics (pp. 191-211). Springer Netherlands. Shaw, W. 2013. Business ethics: A textbook with cases. Cengage Learning. Solomon, M., Russell-Bennett, R., Previte, J. 2012. Consumer behaviour. Pearson Higher Education AU. White, K., MacDonnell, R., Ellard, J. H. 2012. Belief in a just world: Consumer intentions and behaviors toward ethical products. Journal of Marketing, 76(1), 103-118.