...MBA5608 Managing People for Competitive Advantage in Asia Unit Schedule Meeting | Date* | Topic | Preparation | 1 | April 18 (Sat.) | * What is this unit about? * Whom do you manage? * What is evidence-based management? Why? How? * How to read a Harvard-style case? | Unit GuideBarends et al. (2014) | | | Managing self * What is the difference between a manager and a leader? * What is your personality? * How does personality affect job performance? * How do you influence others? Power, influence and political skills Introduction to Simulation: Judgement in Crisis | Get your Big-Five scores (Berkeley Lab)Case: Thomas Green | 2 | April 21 (Tue.) | Managing self: Individual decision making * Neuroscience and decision making * Heuristics * Cognitive biases * Debriefing to simulation exercise | Guest speaker: Prof. Alexandre Schaefer, Neuroscientist, Monash MalaysiaPress Release for Simulation: Judgement in Crisis (due on April 19, 12 mid-night) | 3 | April 28 (Tue.) | Developing others: Motivation * Needs theories * Process theories | The puzzle of motivation (Video). TedGlobal. http://www.ted.com/talks/dan_pink_on_motivation | 4 | May 5 (Tue.) | Developing others: Motivation * Applied performance practices * High performance work systems * The art of giving feedback | The delicate art of giving feedback (https://hbr.org/2013/03/the-delicate-art-of-giving-fee)Video case: Awkward Performance Review | 5 | May 12 (Tue...
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...MANAGING DIVERSITY The Managerial Implication of an Increasing Diversity in Workforce Author/Student Note:Bong joseph laila ,MBA Student; Frederick Taylor University Moraga CA USA. This Research paper was conducted independently without any funding support nor groupwork;all correspondences should be addressed to josephlaila86@gmail.com. Managing Diversity Abstract Diversity means different things to different organizations.True diversity management articulates and raises performance standards by requiring organizations to learn to recruit, train and support people. Finding ways of working with diverse people involves valueing and utilizing differences as well as finding a common ground for intergrating a mix of people into organizations.This paper shows that organizations more often prefer a more diversified workforce basically because it makes business sense.By maximizing talent,fostering innovation;and tapping into the creativity of a diversified workforce;the altimate result will be increased profits,increase competivity and organizational effectiveness as a whole. Managing Diversity Introduction Between the 1960s and the 1970s management approach layed emphasis on eliminating unfair discrimination through legal compliance for women and ethnic minorities.This was the affirmative action approach which “focuses on achieving equality of opportunity in an organization and...
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...CHAPTER 2 THE CONTEXT OF MANAGING STRATEGICALLY DESCRIBE THE DIFFERENT PERSPECTIVES ON COMPETITIVE ADVANTAGE A. Managing strategically means formulating and implementing strategies that allow an organization to develop and maintain competitive advantage. B. Competitive advantage is what sets an organization apart or its competitive edge. 1. Having something that competitors don't 2. Doing something better than other organizations do 3. Doing something other organizations can't C. Competitive advantage is a key ingredient for long-term success and survival of all organizations, including not-for-profits and governments. 4. Failure can be traced to: a) Failure to recognize the impact of important external factors b) Failure to capitalize on organizational resources and capabilities D. Represent different perspectives on what it takes to capture competitive advantage—that is, how to manage strategically (refer to Table 2.1). 5. Industrial Organization View (I/O) The industrial organization (I/O) view suggests organizations look at the impact of important external factors. Focus is on: a) The structural forces within an industry b) The competitive environment (i.e., the firm's position within the industry) c) How these influence competitive advantage 1) Firm’s position in the industry and the underlying industry characteristics will, determine profitability...
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...implementing, and managing recruitment, as well as selection, training, career, and organizational development initiatives within an organization. The goal of HRM is to maximize the productivity of an organization by optimizing the effectiveness of its employees while simultaneously improving the work life of employees and treating employees as valuable resources. Consequently, HRM encompasses efforts to promote personal development, employee satisfaction, and compliance with employment-related laws (Walker, 1998). The main objective of Human Resources is to maximize the return on investment from the organization’s human capital. According to Schwind Das & Wagner, “Human resource management aims to improve the productive contribution of individuals while simultaneously attempting to attain other societal and individual employee objectives” (2007). HRM is also the new frontier in developing competitive advantages. “…[F]irms can develop sustained competitive advantage only by creating value in a way that is rare and difficult for competitors to imitate. Although traditional sources of competitive advantage such as natural resources, technology, economies of scale, and so forth, create value, the resource-based argument is that these sources are increasingly easy to imitate, especially in comparison to a complex social structure such as an employment system. If that is so, human resource strategies may be an especially important source of sustained competitive advantage” (Becker, and...
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...the organization achieve its competitive advantage. Changes in the environment such as widespread globalization, rapid technology and other such factors have led to organizations realizing the significance of controlling human resources in a firm. Since organizations have also become more dynamic and complex, the need to manage human resources has become more essential. In recent years, many individuals demanded for a more strategic approach to managing people in a firm, rather than the traditional methods, and thus the idea of strategic human resource management (SHRM) was adopted. Strategic human resource management is a branch of human resource management, and it 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 foster innovation, flexibility and competitive advantage.’ (Sinha, R 2007). This essay is going to focus on how strategic human resource management helps organizations achieve a sustained competitive advantage. Sustainable competitive advantage is the position a firm develops in relation to its competitors that are not duplicable an unsurpassable than its competitors. Recently scholars have come to the basis of HR skills and competences as sources of competitive advantage. Human resource practices as well as competitive strategies are based on the assumption that employee behaviors are needed for each type of competitive strategy and that these behaviors...
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...Know how Managing knowledge for competitive advantage An Economist Intelligence Unit white paper sponsored by Tata Consultancy Services Know how Managing knowledge for competitive advantage Acknowledgements Know how: Managing knowledge for competitive advantage is a briefing paper written by the Economist Intelligence Unit and sponsored by Tata Consultancy Services (TCS). The findings and views expressed in this white paper do not necessarily reflect the views of TCS, which has sponsored this publication in the interest of promoting informed debate. The Economist Intelligence Unit bears sole responsibility for the content of the report. The main author was Terry Ernest-Jones and the editor was Gareth Lofthouse. The findings are based on two main strands of research: ● The Economist Intelligence Unit conducted an online survey of 122 senior executives in western Europe, 68 of whom were based in the UK. Participants were selected from large organisations with over $1bn in annual sales revenue, and from a cross-section of industries, with a particular emphasis on financial services, healthcare and pharmaceuticals, telecommunications and professional services companies. ● We also interviewed several senior executives and knowledge-management practitioners on the challenges they face in managing corporate knowledge, and on the strategies they have employed to exploit business information for competitive advantage. Our sincere thanks go to all the interviewees and survey...
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...Managing People and Organizations MANAGING PEOPLE & ORGANIZATIONS: ASSESSING THE PROPOSITION THAT THE WAYS IN WHICH PEOPLE ARE MANAGED AFFECTS THE PERFORMANCE OF THE ORGANISATIONS WITHIN WHICH THEY FUNCTION This essay reviews theoretical concepts to assess the proposition that the ways in which people are managed affects the performance of the organisations within which they function. The implications of this proposition are that (a) effective management is associated with higher levels of organisational performance, while ineffective management practices are associated with inferior organisational performance. The theoretical framework within which this assessment is performed is "Managing People in Organisations" (MPIO). MPIO is an umbrella concept that encompasses both organizational behaviour (OR) and human resource management (HRM). The concepts of leadership and its effects on organisational performance also are included in MPIO (Beech, Cairns, Livingstone, Lockyer, and Tsoukas, 2002). MPIO includes a wide array of concepts and theories. To assess the proposition that the ways in which people are managed affects the performance of the organisations within which they function, however, this essay focused on two crucial aspects of MPIO in the contemporary period. These crucial aspects of MPIO are the responses by management to the globalised business environment and the effects of cultural diversity on management's communications with employees, each of which is crucial...
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...Leading Culturally Diverse Groups Dave Park Leadership is important in managing and organizing the structure of the organization while trying to maintain a profitable company that takes into consideration employees, shareholders, customers and board of directors, etc. Another attribute of a great leader is managing diversity in the workplace. However, diversity includes many different issues and needs to be managed and if done properly can lead to competitive advantages for the company. Thomas A. Kochan, professor at MIT, stated “Diversity can enhance business performance only if the proper training is provided and the organizational culture supports diversity (Dubrin, 2010). Managing Cultural Diversity: Managing cultural diversity is not an easy task, however, when incorporated into the organizations core values, is makes it easier to incorporate (Dubrin, 2010). Below is a diagram that provides a breakdown of areas or issues that may need to be looked at to evaluate the possibility of creating and leading a culturally diverse organization. These areas may help to identify areas where a competitive advantage may be available in the organization. In such a culturally diverse world and as the organization makes decisions that will impact them globally, these discussions are vital for the success of the company. Whether not decisions are made to implement or not to implement decisions based on diversity within the organization, these ideas, may identify some of the...
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...Leadership is important in managing and organizing the structure of the organization while trying to maintain a profitable company that takes into consideration employees, shareholders, customers and board of directors, etc. Another attribute of a great leader is managing diversity in the workplace. However, diversity includes many different issues and needs to be managed and if done properly can lead to competitive advantages for the company. Thomas A. Kochan, professor at MIT, stated “Diversity can enhance business performance only if the proper training is provided and the organizational culture supports diversity (Dubrin, 2010). Managing Cultural Diversity: Managing cultural diversity is not an easy task, however, when incorporated into the organizations core values, is makes it easier to incorporate (Dubrin, 2010). Below is a diagram that provides a breakdown of areas or issues that may need to be looked at to evaluate the possibility of creating and leading a culturally diverse organization. These areas may help to identify areas where a competitive advantage may be available in the organization. In such a culturally diverse world and as the organization makes decisions that will impact them globally, these discussions are vital for the success of the company. Whether not decisions are made to implement or not to implement decisions based on diversity within the organization, these ideas, may identify some of the organizations strengths and weaknesses. (Cox...
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...factors that affect management. These factors are important because as you examine each of the four primary management functions, you will become more aware of the internal and external influences as well as the decision-making processes that affect management. Functions of Management OBJECTIVE: Define the four functions of management. Resources: Ch. 1 and Appendix A of Management: Leading & Collaborating in a Competitive World Content • Ch. 1: Managing of Management: Leading & Collaborating in a Competitive World o Managing in the New Competitive Landscape • Globalization • Technological Change • Knowledge Management • Collaboration across “Boundaries” o Managing for Competitive Advantage • Innovation • Quality • Service • Speed • Cost Competitiveness • Delivering All Five o The Functions of Management • Planning: Delivering Strategic Value • Organizing: Building a Dynamic Organization • Leading: Mobilizing People • Controlling: Learning and Changing • Performing All Four Management Functions o Management Levels and Skills • Top-Level Managers • Middle-Level Managers • Frontline Managers • Working Leaders with Broad Responsibilities • Management Skills o You and Your Career o Be Both a Specialist and a Generalist o Be Self-Reliant o Be Connected ...
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................................ 7 Globalization................................................................................................................................................................................ 7 Technological Change: The Internet ................................................................................................................................ 7 Knowledge management ....................................................................................................................................................... 7 Collaboration across ''Boundaries''.................................................................................................................................. 7 Managing for Competitive Advantage ............................................................................................................................. 8 What is management all about? ......................................................................................................................................... 8 The four management functions........................................................................................................................................ 8 Management skills...
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...General Example for Case Analysis General Environment Each of the following model elements addresses the industry first. First, a profound statement is made, about the element, and evidence is presented that supports that statement. Second, a statement is made and justified, which positions the firm, relative to the competition, within the industry. Third, position the firm of interest, compared to the competition. Summary Industry: "The general environment is favorable/unfavorable to the ______ industry." Give the specific locations of opportunities and threats that will appear. Firm Position:"The general environment is favorable/unfavorable to _______." ============================================================ Porter’s 5 Forces Model Each of the following model elements addresses the industry first. . First, a profound statement is made, about the element, and evidence is presented that supports that statement. Second, a statement is made and justified, which positions the firm, relative to the competition, within the industry. Bargaining Power of Suppliers Industry: "Bargaining Power of Suppliers is high/low/moderate, for the _______ industry." Give supporting evidence, from the case. Firm Position:"Bargaining Power of Suppliers is high/low/moderate for __________." Give supporting evidence, from the case. Bargaining Power of Customers Industry: "Bargaining Power of Customers is high/low/moderate, for the _______...
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...other competitors by recruiting the best players. Soccer is popular and profitable industry and its competitive advantage is created by mainly the human capital such as players, coaches, managers and other technicians. Even though soccer is mostly considered as a hobby by many people, soccer clubs are actually organizations that have organizational structures as similar as any other. These organizations have Human Resource Management (HRM) that is responsible for recruiting, selecting and providing additional support for their employees such as trainings, wage, and benefits. HR management in entertainment and sport industry is a very specific topic because they usually deal with the recruitment of very talented people connecting them with the brand of the soccer organization and as well as the marketing strategy. The combination of HR, marketing and brand management is giving the competitive advantage of the soccer team. (Taylor T., 2008) In order to represent the importance of HR strategy I have chosen Manchester United because they are experiencing significant changes in their success and strategy on the field due to the retirement of their coach Alex Ferguson that has managed the team for 27 years and the responsible manager for recruiting players David Gill. The current situation is a proof of the importance of the human resource management in gaining competitive advantage and losing the same by improper management. Human Resources Management Human Resources Management...
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...Cornell University ILR School DigitalCommons@ILR CAHRS Working Paper Series Center for Advanced Human Resource Studies (CAHRS) 2-15-1996 Human Resources and Organization Success John W. Boudreau Cornell University Boudreau , John W., "Human Resources and Organization Success" (1996). CAHRS Working Paper Series. Paper 174. http://digitalcommons.ilr.cornell.edu/cahrswp/174 This Article is brought to you for free and open access by the Center for Advanced Human Resource Studies (CAHRS) at DigitalCommons@ILR. It has been accepted for inclusion in CAHRS Working Paper Series by an authorized administrator of DigitalCommons@ILR. For more information, please contact jdd10@cornell.edu. CAHRS / Cornell University 187 Ives Hall Ithaca, NY 14853-3901 USA Tel. 607 255-9358 www.ilr.cornell.edu/CAHRS/ WORKING PAPER SERIES Human Resources and Organization Success John W. Boudreau Working Paper 9 6 – 0 3 Advancing the World of Work Human Resources and Organization Success WP 96-03 Human Resources and Organization Success John W. Boudreau Department of Human Resource Studies Center for Advanced Human Resource Studies Cornell University, Ithaca, NY 14853-3901 Working Paper #96-03 Draft 2/15/96 http://www.ilr.cornell.edu/cahrs This paper has not undergone formal review or approval of the faculty of the ILR School. It is intended to make results of research, conferences, and projects available to others interested in human resource management in...
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...September 6, 2011 Dr. Baron Smith Definitions Innovation, design and creativity in businesses today are crucial in keeping our competitive edge. Utilizing creative people and their ideas allows us to move forward in any area of industry. I will define each concept in their business implications, and compare and contrast all three. Creativity is explained by the text Managing Innovation (2003) “creativity is not something where someone who has never worked in that field suddenly gets this marvelous idea. Creativity is relating a concept to a particular body of knowledge. The existing body of knowledge is as vital as the novel idea and really creative people spend years and years acquiring and refining their knowledge base-be it music mathematics, arts, sculpture or design” (pg1). Creative people have certain traits and personalities. Having a team of creative people is important because one person may not have all the needed traits. Creative Intelligence (2004) supported the idea that “personality is a major factor contributing to the success of productive creative people. Identified are the following key personality attributes that contribute to creativity; being imaginative, having insight or intuition, being open and perceptive, being willing to take risks, and having a high tolerance for ambiguity”. Innovation is defined in the textbook Managing Innovation (2003) as creativity and implementation combined. Creativity is coming up with the idea, but implementation is needed...
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