Premium Essay

Leveraging the Power of Your Human Capital

In:

Submitted By Prabhat1974
Words 575
Pages 3
-------------------------------------------------
Creating and Sustaining Competitive Advantage by leveraging the power of Human Capital
-------------------------------------------------

-------------------------------------------------
“The most important thing that a person in a leadership position can do is ask what needs to be done. And most importantly, make sure that what needs to be done is clearly understood by every single employee in the enterprise” – Peter Drucker
The greater velocity of information has accelerated the pace of everything in business. The complexities of increasingly discerning customers, thinning product differentiators, price-wars are forcing organizations to continuously innovate to create an edge over competition. And this is not all… The most significant trend affecting business that transcends all companies is about the ‘experience’ associated with the brand. Today, you don’t sell a product or service but in fact an experience that is not just unique, differentiated but also successfully delivers across all touch points of the organization.
Delivery of such kind of experience requires a set of loyal, motivated and passionate employees who understand that their growth and success is linked with that of the organization. So, do you think employees in your organization can emphatically say “YES” to the following straight questions:- 1. I am treated with dignity and respect by everyone in the office? 2. I am provided with all the resources required for my career development- training, encouragement and leadership support? 3. Is my contribution acknowledged and appreciated openly?
Therefore, what are you doing to create your own set of loyal talent force? Having worked extensively on the corporate side, we bring with us a wealth of experience and knowledge of creating customized interventions for your organization that would

Similar Documents

Premium Essay

Intel - Exploring the Future

...future Intel’s innovation and new product development process was predicated on a concept that was deemed old and no longer effective. Driven by Moore’s Law, the old roadmap-driven research method identified barriers that hindered usage of the continuing and increasing power of chips, and then built solutions to overcome those barriers. David Tennenhouse along with Hans Mulder implemented a new method, the ‘exploratory research’ strategy. The logic was to sample external environments and then amplify research around those identified as promising ventures. With Intel Research and Intel Capital under their wings, Tennenhouse and Mulder set out to bring in new innovations and ideas to Intel. However, a few roadblocks were in their way. The ultimate task for Tennenhouse and Mulder was not only to drive in new ventures, but also to develop a strategy to incubate and track the progress of their investments. In this paper, I will identify Tennenhouse’s strategy, as well as the hurdles that he had to overcome in identifying these strategies and implementations.I will then provide my interpretation and insight, as well as some suggestions to the problems that Tennenhouse and Mulder faced. Leveraging his experience from DARPA, Tennenhouse implemented an exploratory research strategy that placed emphasis on “sensing” the environment. His plan was to plant agents in areas that had an abundant amount of resources, information, and technical spark. Typically, universities with a...

Words: 1342 - Pages: 6

Premium Essay

Competitive Analysis Within the Human Resources Consulting Industry

... There are a number of consulting firms that provide specialized or generalist advice according to their client’s needs and profession. Such consulting firms that have a global presence include the following: Deloitte, KPMG, Ernest & Young, Price Waterhouse, Accenture, IBM. Due to constraints, this assignment will focus on Deloitte as the competition within the consulting industry. The company that I am President is HR One Consulting, Inc., (HR One) which provides human resources (hr) consulting services for the technology industries predominately located in Ontario. The company has provided consulting services for clients in other countries such as Israel, United States, and Switzerland and catered to additional industries such as: retail, financial, telecommunications, media, manufacturing, engineering, distribution, government, healthcare and many more. Our company’s vision, mission and value statement is as follows: Our Mission To contribute in understanding and realization of human capital as a powerful tool for achieving business goals and increasing business efficiency Our Vision To be recognized for excellence in providing high quality HR services and recruitment solutions to our clients that contribute to the clients’ business efficiency and overall economic stability in Ontario Province. Our Values Our values are based on creating trustful relationship with our clients on both sides by the way of providing accurate information,...

Words: 2696 - Pages: 11

Premium Essay

Skdilwqeqe

...emergence of the importance of the knowledge worker in today’s economy. It is critical for managers to not only recognize the importance of top talent but also the need to leverage human capital in order to innovate and, in the end, to develop products and services that create value. This chapter is divided into four sections. 1. The first section focuses on the increasing role of knowledge as the primary means of wealth generation in today’s economy. After all, in the New Economy a firm’s value is based much more on knowledge, know-how, and intellectual assets — not the traditional factors of production (i.e., labor and capital). 2. The second section addresses the key resource itself — human capital — the foundation for the creation of intellectual capital. We explore ways in which the organization can attract, develop, and retain human capital as well as the importance of recognizing the interdependence of these three activities. We also address the value of a diverse work force. 3. Third, we discuss the critical role of social capital, that is, the network of relationships among individuals. We address both social capital within organizations as well as across organizations. 4. The final section focuses on the role of technology in leveraging human capital. This can range from such basic technologies as email to more complex forms such as sophisticated knowledge management systems. We also discuss how technology can play a key role...

Words: 8413 - Pages: 34

Premium Essay

Factors Affecting the Academic Performance of Bstm Students

... 1. Attributes of Strategic Management: How do your activities and actions contribute to the goals of your organization? Observe the decisions you make on the job. What are the short-term and long-term implications of your decisions and actions? Have you recently made a decision that might yield short-term profits but might negatively impact the long-term goals of the organization (e.g., cutting maintenance expenses to meet a quarterly profit target)? 2. Intended versus Emergent Strategies: Don’t be too inflexible in your career strategies; strive to take advantage of new opportunities as they arise. Many promising career opportunities may “emerge” that were not part of your intended career strategy or your specific job assignment. Take initiative by pursuing opportunities to get additional training (e.g., learn a software or a statistical package), volunteering for a short-term overseas assignment, etc. 3. Ambidexterity: Avoid defining your role in the organization too narrowly; look for opportunities to leverage your talents and your organization’s resources to create value for your organization. This often involves collaborating with people in other departments or with your organization’s customers and suppliers. 4. Strategic Coherence: Focus your efforts on the “big picture” in your organization. In doing this, you should always strive to assure that your efforts are directed toward your organization’s vision, mission, and strategic objectives...

Words: 2235 - Pages: 9

Premium Essay

Darden Lo

...In Praise Of An Incomplete Leader(8/27/15) CONCEPT OVERVIEW CASE SUMMARY • • • • • Tech Notes from 8/27/15 Class Sensemaking – interpreting developments in business environment Relating – building relationships Visioning – communicating a compelling image in the future Inventing – coming up with new ways doing things PRACTICAL APPLICATION • • There are great leaders in the world who are super successful. Yet they lack one or a few of these traits. To complement their weaknesses, they find other people in their organization to balance them out. We see this application in the case where Taran Swan lacked relating and sensemaking but has inventory and visioning. Taran Swan at Nickelodeon(8/27/15) CONCEPT OVERVIEW CASE SUMMARY This case describes the launch of Nickelodeon in Latin America and its first 18 months. Swan is shown putting together a team and adjusting the culture of the company. After 18 months, Swan must leave the company because of complications with her pregnancy. On bedrest for 6 months, she must decide if she can continue to run the organization from New York. Other options include placing an interim lead or quitting altogether. If she stays, how will she need to adjust her leadership style and working relationships? This case provides perspective on the pros and cons of an incomplete leader. In addition, this case showcases the effects a new and driven leader can have on the culture of an organization...

Words: 2764 - Pages: 12

Premium Essay

Mba - Hcm

...of Human Capital Management (HCM) ………………………... 4 – 5 3. Benefits of Human Capital Management (HCM) …………………………… 6 3.1 Extracting the best out of employee …………………………………. 6 3.2 Hire the right candidate ……………………………………………… 6 3.3 Flow of information …………………………………………………. 6 3.4 Training and skills development …………………………………….. 7 3.5 Importance of soft skills and personal development ………………… 7 4. Differences between Human Capital Management (HCM) and Human Resource Management (HRM) ……………………………………… 8 4.1 Nature of relationships ……………………………………………….. 8 4.2 Relation of power and management ………………………………….. 9 4.3 Leadership and management role …………………………………….. 9 4.4 Contract of employment ……………………………………………… 9 4.5 Pay policies and job design …………………………………………... 10 – 11 5. Human Capital Management (HCM) drivers …………………………………. 12 – 13 6. Human Capital Management – A global context ……………………………… 14 – 15 7. Human capital in Malaysia – A government effort ……………………………. 16 7.1 Workplace transformation ……………………………………………. 16 – 17 7.2 Workforce transformation ……………………………………………. 17 – 19 8. Conclusion ……………………………………………………………………... 20 9. List of references ………………………………………………………………. 21 10. Appendices …………………………………………………………………… 22 INTRODUCTION Today's business environment requires a complete re-think of the traditional human resource...

Words: 5362 - Pages: 22

Premium Essay

It Innovation

...Strategic Rules to Innovate your Business Table of Contents Executive Summary Pg. 3 Introduction Pg. 4 Review the 10 Strategic Rules for innovators from their application Pg. 4 Three most important, generic innovation rules Pg. 7 Formal pathways for innovation that already exist Pg. 8 Opportunities to make processes and the business more innovation friendly Pg. 8 Systematic ways to track innovations and mesure their success Pg. 9 Processes that will help manage innovation Pg. 10 Conclusion Pg. 10 Works Cited Pg. 12 Executive Summary This report contains a current evaluation and analysis of applying strategic rules to innovate the entire Sea Ray organization. The 10 fundamental strategic rules will be discussed and I have chosen three of these rules as the most critical to Sea Ray’s success. Sea Ray must operate in fundamentally different ways when forming an innovation experiment to avoid organizational memory. The success of the experiments will hinge more on experimentation than the initial strategy used. Sea Ray then must not base success on financial performance, but on the ability to learn and adapt. Formal pathways which are currently being used for innovation will be assessed and characterized. Using this pathway data, new modern opportunities will be discussed in order to make Sea Ray more innovation friendly. Sea Ray will also use human resource data instead of...

Words: 2767 - Pages: 12

Premium Essay

Research

...A CCL Research White Paper The Role of Power in Effective Leadership By: Vidula Bal Michael Campbell Judith Steed Kyle Meddings C E N T E R F O R C R E AT I V E L E A D E R S H I P The Role of Power in Effective Leadership CONTENTS Executive Summary Background Power and Leadership Sources of Power The Power of Relationships The Power of Information Understanding the Organization’s Role How Leaders Leverage Power Effectively Reflection Questions Resources References About the Authors 4 5 6 8 12 14 15 17 19 19 19 20 Center for Creative Leadership, CCL®, and its logo are registered trademarks owned by the Center for Creative Leadership. © 2008 Center for Creative Leadership. All rights reserved. The Role of Power in Effective Leadership EXECUTIVE SUMMARY The Ideas2Action (I2A) project is a Center for Creative Leadership (CCL®) initiative aimed at achieving its goal of “ideas into action.” The purpose of the project is to provide our participants and clients with research that is timely and relevant to current challenges. The research questions are also designed to aid in continuously updating CCL program content and providing knowledge that is compelling to our participant groups. The purpose of this research is to understand how leaders use power, to learn about the situations in which power is exerted and to describe how individuals and organizations can improve their leadership through the effective use of power. The major findings of this research included: 1. Most leaders...

Words: 6124 - Pages: 25

Premium Essay

Financial Analysis

...Full Day Masterclass D A Day With The World’s Most Influential Person in HR FOR THE FIRST TIME LEARNING SESSIONS FOR YOU AND YOUR COLLEAGUES TO ATTEND! Bring your entire HR Team to the show as this year’s event features two expertled operational Forums, and over 15 Open Seminars and HR Clinics – learning is guaranteed for everyone. Super Sunday 18 November 2012 Monday 19 November 2012  Dave Ulrich Guru Day  HR Excellence Awards** HR Clinics (Open Seminars)*  HR Summit (Main) Learning & Development Forum HR Clinics (Open Seminars)*  HR Summit (Main) Recruitment & Talent Acquisition Forum* HR Clinics (Open Seminars)*  Full Day Masterclass A  Full Day Masterclass B GROUP DISCOUNTS AVAILABLE CALL: +971 4 335 2483 E-MAIL: a.watts@iirme.com  An Interactive Day with Dave Ulrich – Hear directly from the world’s most influential person in HR. Not to be missed!  A Reinvented Programme – The agenda is constructed around the 6 pillars that make HR successful and effective  An Unrivalled Heavyweight Speaker Faculty – Bringing you award-winning international and regional HR game changers  An Event For Your Entire HR Team – Increasing our learning offerings by bringing you two operational Forums as well as over 20 open HR Clinics  Exciting And Innovative Formats – New interactive formats that will maximise your outcomes and take-away from the show FREE *HR...

Words: 7725 - Pages: 31

Premium Essay

Product and Services Marketing

...Education, Annamalai University, Annamalainagar – 608 002 by Registered post. P.T.O. 5. No notice will be taken on assignments which are not properly filled in with Enrolment Number and the Title of the papers. 6. Students should send full set of assignments for all papers. Partial assignments will not be considered. ASSIGNMENT INSTRUCTIONS Write assignments on any TWO topics in each paper out of the FOUR. For each topic the answer should not exceed 15–pages. Each assignment carries 25 marks. (2 topics) DR. S. B. NAGESWARA RAO DIRECTOR 1.1 PRINCIPLES OF MANAGEMENT 1. “MANAGERS AT ALL LEVELS REQUIRE SOME COMPETENCE IN EACH OF THE TECHNICAL, HUMAN AND CONCEPTUAL SKILLS, ALBEIT WITH DIFFERENCE IN EMPHASIS. ANALYSE THIS STATEMENT WITH SUITABLE EXAMPLES. 2. Explain “Planning premises’ list the planning premises you would have as a manufacturer of any...

Words: 1193 - Pages: 5

Premium Essay

Mcdonald Case

...on MCD, view embedded | | |model |video about current coffee strategy; read about | | | |healthy foods controversy, watch video re | | | |SuperSize Me, FastFoodNation | |3: Internal Analysis |Value chain; tangible vs. intangible resources; VRIN | | | |analysis | | |4: Intellectual Assets |Human capital; intellectual capital...

Words: 4915 - Pages: 20

Premium Essay

Ford Motor Company

...diverse global dynamics confront the company and competitive pressures continue to build, he has the challenging task of improving Ford's brand image and returning the company to profitability. Mulally has invited your consulting firm to advise his management team on restoring the company's reputation and viability. Assigned to the project, you have been asked to evaluate Ford's situation and prepare a report with the following content: 1. Define and discuss Ford's business-level strategy. a. How can the company's value-chain activities be better linked to create value for the company? b. How can Ford successfully position itself in terms of the five forces of competition? c. In what ways can the company effectively manage customer relationships to increase strategic competitiveness? d. What conditions and tools can facilitate Ford's efforts to produce differentiated products at relatively low costs? 2. Outline a rough competitor analysis. What can be learned about expected competitor behavior by using the model of competitive rivalry to understand Ford's situation? 3. What role will strategic leadership play in helping Mulally and the organization meet its strategic objectives? Be prepared to discuss your analysis and findings with your consulting team to formulate recommendations for Mulally. STRATEGIC ACTIONS: STRATEGY FORMULATION 1. Define and discuss Ford's business-level strategy. Ford's business-level...

Words: 5066 - Pages: 21

Premium Essay

Change

...People think of change as the "vision thing" but it is much more than that. Implementing change is integrated to scanning the environment, estimating the situation, determining organizational direction, understanding culture of the organization, leveraging that culture, and planning out the actions needed to make the change. Being successful in implementing change also is directly related to the leadership style of the organization's top leaders. It is also important to assess the costs of change as well as the cost of not changing. Leaders are trained, educated, and rewarded to make things happen in organizations. What leaders routinely fail to recognize is the link between change and human behavior. The link between change and human behavior either supports or impedes successful implementations of change. To become an implementer of change, you must understand what the environment is like, who you are, what your organization is, and reconcile the differences. You will be more successful if you can adjust your leadership style to one that supports the leader performance demands at the strategic level. Culture is deeply seated within organizations and challenging to change, but leaders can influence an organization's culture. It is difficult and timely, but leaders can have an effect on culture. Edgar Schein, Organizational Culture & Leadership, outlines some specific steps leaders can employ: * Culture follows what leaders pay attention to, measure and control. Something...

Words: 1806 - Pages: 8

Premium Essay

Leadership in an Information Age

...Theme: - Business Management and Information Technology Sub-Theme:- Leadership in the Information age Mrs. Khushboo sandhu, Asst. professor in M.k Ponda College Of management, Bhopal (MBA H.R) Abstract Information will be the greatest opportunity for business leaders in the coming years. Information is becoming the engine that drives the economy & organization, if organization wants to achieve their predetermined goals change management is become necessary. As the scope, speed and impact of information change is appreciated. Organizations must leverage their leaders so that they are able to solve today’s complex problems to achieve organizational and cross boundary goals. In this era international trade, traditional management is impossible as leaders have to work beyond boundaries of nation, work with different cultures. This paper suggests imperatives for leaders and organization to manage change for survival in today’s dynamic information age Keywords:- Dynamic Information age, Change management. Theme: - Business Management and Information Technology Sub-Theme:- Leadership in the Information age ...

Words: 2395 - Pages: 10

Premium Essay

An Apple a Day

...“An Apple a Day, Keeps Supply Chain Robust Another Day!” In their article, “Apples Supply-Chain Secret? Hoard Lasers,” Adam Satariano and Peter Burrows introduce us to several key attainments that Apple has been able to incorporate into their structure. Along with design and “buy or make” scenarios, Apple’s innovative and successful Supply Chain Management and Operational Divisions have leapt well above those of other companies. Satariano and Burrows also share with their audience the “front-runner” position that Apple took 4 years ago in Supply Chain Management. Coupled with partnering for innovation and the virtually unlimited capital that Apple has at their fingertips, gaining supplier respect and loyalty, they have them at their disposal. Meaning, with the exuberant and vast numbers of volume procured from these suppliers, Apple stands at the front of the line when it comes to product needed from any supplier. Their article begins with the design factor and “making the impossible, possible.” Utilizing its Supply Chain Management team, coupled with manufacturing and materials experts, Apple was confronted with what they deemed a critical design and manufacturing dilemma. Going on the old adage, “two heads are better than one,” they realized that this philosophy can be applied when attempting to resolve and provide innovation to their design barrier. Adding the new feature to MacBook’s, Trackpads, and their wireless keyboards initially proved to be a challenge. Posed with...

Words: 1378 - Pages: 6