Organizations have increasingly recognised the potential for their people to be a source of competitive advantage. Creating competitive advantage through people requires careful attention to the practices that best leverage their assets. This change in the mindset of executive decision-makers has spurred an increasing body of academic research attempting to reveal the effect of organisation’s HRM practices and its performance. The successful human resource practices that may increase performance
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which organizations operate today are divergent. Myanmar banking sector has been facing unprecedented challenges with the wave of privatization and globalization of myanmar economy. Banks are under intense pressure to perform in today’s volatile market place. Steep competition, globalization, growing customer demand and exposure to higher credit risks are forcing the banks to find new ways of providing better customer service so as to improve profitability. The strategic management of human resources
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word partnership, it generally refers to a general partnership. In a general partnership, there are two or more partners. Each is liable for any debts or judgments taken on by the business. There is no limited liability, which means all the partners’ assets can be taken in a lawsuit or be targeted to settle debts should the partnership become insolvent. Any partner can be sued for the full amount of business debts. Another attribute of the general partnership is that every partner has so-called “agency
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Strategy Execution - Chapter 4 in Strategic Thinking A Strategic Management Textbook Gordon Walker Professor Cox School of Business Southern Methodist University Dallas TX 75275 Introduction How firms build and maintain resources and capabilities is the key to understanding strategy execution. Firms in an industry typically cluster into distinct market positions and at the same time to differ in how well they execute their strategies. Within a cluster of highly similar market positions
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research has exposed that 50% to 75% of the market value of companies reflects intangible assets such as innovation processes, patents, brands, trademarks, customer databases, etc. Traditional Balance sheet only reports the value of physical and financial assets and accounting system is not equipped to deal with Intangible assets. Shareholders have to make their own assumptions on how intangible assets have changed in value during the year. An Intellectual Capital Report helps in eliminating this
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becoming important for organizations and companies to expand their horizon in terms of the way they function and the resources they employ/ need to employ to be able to work as a viable and profitable business. Due to these changes, the skills and knowledge held by employees in organizations become outdated, and companies have to rethink how they can train and develop their workers to be able to function in such a dynamic, ever-changing working environment. At the same time, it was important for employers
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Knowledge management and organizational performance: Theoretical Study 1. Introduction Knowledge is an asset that needs to be effectively managed. Interest in knowledge management (KM) has grown dramatically in the recent years, as more researchers and practitioners have become aware of the knowledge potential to drive innovation and improve performance. For an organization to remain competitive, it must effectively practice the activities of creating, acquiring, documenting, transferring, and
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intense pain and the most intense feelings of joy and satisfaction. It's a relationship that has evolved over time, given me the greatest respect and love for the game.” Michael Jordan The most important asset of an organization is not the building, the equipment, the offices around the world, nor the beautiful desk on the presidential office. The most important asset in any organization is the EMPLOYEE base. The employees are tangible assets that organizations need to invest time
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P A R T 1 Venture Opportunity, Concept, and Strategy Entrepreneurs have important roles in creating new businesses that fuel progress in societies worldwide. The entrepreneur uses innovation and technology to foster positive impact and activity in all facets of life. The capable entrepreneur learns to identify, select, describe, and communicate the essence of an opportunity that has attractive potential to become a successful venture. The entrepreneur is able to describe the valuable
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Introduction Assets utilization needs to be evaluated which is done with its effect in firm’s profitability. In this regard, the better the utilization of assets, the higher the profitability of a firm will be. Managing assets are assessed periodically as the basis of information. Each period is to be compared to determine whether companies have to alter their management, concerning asset management during times of crisis. Companies now days have to find another ay to gain assets because without
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