1Explain Guest’s model of HRM: David Guest's (1989, 1997) model of HRM has 6 dimensions of analysis: HRM strategy HRM practices HRM outcomes Behavior outcomes Performance outcomes Financial outcomes The model is prescriptive in the sense that it is based on the assumption that HRM is distinctively different from traditional personnel management (rooted in strategic management, etc.). It is idealistic, implicitly embodying the belief that fundamental elements of the HRM approach (essentially
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terms of people management. David guest developed four aspects of human resource management which are strategic integration, flexibility, high commitment and quality. This model is a fusion of aspects that resemble both a hard and a soft approach of HRM. The purpose of this model was to try and distinguish human resource management from personnel management. In his quest to distinguish the 2, Guest suggested that human resource management is unitaristic, individualistic and mutual while personnel
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Walmart case 1. To what extent is WalMart’s performance attributable to industry attractiveness and to what extent to competitive advantage? WalMart´s performance is not attributable to industry attractiveness due to the high internal rivalry within the retail sector. Such rivalry results in margin compression and lower growth for WalMart. By using Porter's 5 forces, we see that supplier power for WalMart is weak because many of WalMart's suppliers
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organizations work in a very dynamic environment. The human resource management, or HRM for short, is a function within the organization that plays a major role in providing direction to the company employees. HRM includes different responsibilities which aim towards recruitment and retention, training and development, employee performance management, regulatory compliance, and compensation and benefits. Thus, HRM is functioning to help place the right individuals for the right task and vice-versa
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Science Bahria University Karachi, Pakistan ABSTRACT Purpose: The central point of this study was to demonstrate the similarity and difference of Human Resource Management (HRM) practices amongst the countries in South Asia. Through this paper, an in-depth study was undertaken to evaluate the validity of existing HRM practices in South Asian (SA) countries. An effort was made to examine the influences from the economic emergence in South Asia, force of colonization, historical panorama, cultural
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belief that it is the organization’s human resources that give competitive advantage through treating them as assets and not costs. The Michigan/Matching Model The Michigan model was propounded by Fombrun Tichy and Devanna (1984) at the Michigan Business School. They also named this model a matching model of HRM. Precisely, the matching aspect of this model demonstrates that the model is inclined towards the harder side of HRM. This is because the matching model emphaizes more on
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than two drinks at a time HRM plays key role in determining survival, effectiveness, and competitiveness of US businesses Competitiveness: a companys ability to maintain and gain market share in its industry · Related to company effectiveness o Satisfies needs of stakeholders HRM help support business strategy and provide services the customers value. Value of a product: determined by its quality and how closely the product fits customers needs. HRM: policies, practices, and
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I think the areas of overlap is to ensure that they continue to hold such a large part of the retail banking industry, Wells Fargo Bank will need to develop a business-level competitive strategy. “Business level strategies detail actions to provide a value to customers and gain a competitive advantage by exploiting core competencies in specific, individual product or service markets. Business-level-strategy is concerned with a firm’s position in an industry, relative to competitors”
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Chapter 1 Summaries: L01 (Define HRM and roles and responsibilities) • HRM consists of the “people practices” at an organization. The policies, practices and systems that influence employees' behaviour, attitudes, and performance. • HRM process steps: (1) Analyze and design jobs, (2) recruit and select employees, (3) Training and development (prepares employee to carry out their jobs), (4) Performance management to ensure employee output matches organizations goals. • HR departments
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1. Introduction This paper focusses on proactive behaviour in organisations and how this can be stimulated by implementing certain human resource practices. Scientific research on these subjects has been done and can be of added value in practise. The first chapter elaborates on the concept of proactive behaviour. 2. What is proactive behaviour? A review of the literature shows that several conceptualizations have been used to define proactive behaviour. Yet, based on Crant (2000), I regard
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