Globalization and Importance of Strategic Management - Free Samples

Question: Discuss about the Globalization and Importance of Strategic Management. Answer: Introduction The topic selected for my study is manufacturing sector. After reading a general article on attraction and retention in public sector, this topic was selected for annotated bibliography to make a comprehensive research on the topic. Articles related to UK public sector and Australia public sector shows that almost every country experiences attraction and retention difficulties in their public sectors. Challenges as compared to labour market in other public sector seem persistent in manufacturing sector. Also, maintaining sustainable position globally proves to be more to difficult for present management in manufacturing units. Therefore, making a detailed research on present problem in manufacturing sector becomes necessary which will be done in this annotated bibliography after reviewing current peer reviewed journal articles. This article examines different roles and processes of employers and HR departments to bring success in organisations. The changing requirements of businesses have made HR of the companies think about development of their organisation in systematic manner thereby keeping in mind about future challenges associated with development processes. This article states various challenges that are usually met by HR of manufacturing companys along with ways under which precautionary steps in progress can be taken. The purpose of the article is to consider human resource department roles while making plans for firms payroll, communication process with management and other administrative works. The research methodology undertaken in this article is a survey made of jobs in different sector. In the survey, manufacturing unit confirms being tenth largest in the world economy which shows the significance of manufacturers in worldwide economy. Designing and leadership quality of HR proves to be the r eason behind success or failure of businesses as they are the ones who are responsible for smooth running of firms. According to the survey made, many small scale industries are becoming aware of how to use human recourse management effectively to bring growth and stability in their firms. While this study applies to public sector, its findings are useful in my study of manufacturing sector because this article will help me in finding out possible challenges in future course of business. The focus of human resource development as surveyed in the article also shows the need for HRM in manufacturing units along with finding out ways to build superior workforce. Strategies, standards and development policies to implement sound HR department as mentioned in the article will also give a new approach in my further study in manufacturing sector. This article also states few challenges faced by manufactures situated worldwide like global competition, recruiting of desired skill labour, employee retention due to lack of opportunities of development, lack of training programmes etc. After reviewing the article, its findings will be used in my analysis on manufacturing sector by making initial plan while avoiding probable difficulties in labour management. The article also makes apparent the role of HR in manufacturing unit and different ways in which their capabilities can be utilised. This article examines advancements and increase in engagement of human resource department in manufacturing companies. The conventional methods those are replaced with technologically advanced means are discussed in this article along with describing few of its application benefits in present HR of manufacturing sector. Stringent laws and regulations related to effective work policies require to be considered for which HR of manufacturing companys need taking significant steps. This becomes the basic purpose of the article where the researchers have given background to give light upon usual HR functions while discussing role of HR managers. The research methodology of the article is making of investigation through electronic mediums and database. The article has surveyed many organisations using different techniques along with finding technical ways to reduce errors in systems. The article finds out some of the roles performed by HR like performing recruitment function after attracti ng proficient employees and hiring of efficient resources, training of already present employees, professional development by generating interests among workers, giving appraisals to boost effectiveness, maintaining work culture for creating healthy environment, resolving conflicts especially in companies where diverse work force is visible and having sound knowledge of legal regulations to avoid conflicts. Evolution of economy in this globalised world has led the companys undertake new measures to keep up with the competition. While this study applies to public sector, its findings are useful in my study of manufacturing sector because it gives me profound knowledge about different roles and purpose of human resource department. The need for technical advancement along with understanding the requirement of new devices, as mentioned in the article, will help me in making further research in the topic. Since the article has mentioned all the key functions of HR, its findings will be utilised in my further analysis of the topic by making a detailed research on the mentioned roles of HR in manufacturing sector. The advanced technologies that can provide assistance to the present HR teams shall also be studied so that advancements in HR system can be made more scientifically. Human resource has always limited its study to individual practices only but this article has given scope for lookin g more technical ways in which HR of companies can get assisted. This article examines importance of strategic human resource management in firms where expansion of business is visible in global context. While recognising current era and human values in emphasising managers to align business with HR policies, this article explores facts and figures that can effect globalisation of SHRM of manufacturing sector. The basic purpose behind this article is to give an insight about the importance of strategic human development in industries to gain sustainability. The research methodology undertaken in this article is using of historical reviews for assessment of impacts of globalisation in current HRM. The diverse workforces whether in manufacturing or service sector has made HR managers adopt strategic approach to human resource development so that workforce diversity can be integrated effectively and with alignment of present business needs. The article concludes with recognition of human capital values and essentials of business organisations to give strategic approach in their operations under universal marketplace. The graphical representation of collected data along with brief literature review made in the article states the importance of developing strategic HR management in manufacturing units along with other public sector. While this study applies to public sector, its findings are useful in my study of manufacturing sector as this article lays the requirement of enabling strategic approach in it. The benefits of SHRM can improve the managerial activities by giving value to competitive employees and reasons to diversify workforce in global context. The key challenges faced by HR managers to integrate and organise international operations is related to corresponding forces where concept of strategic HR management is required. Like all other public sectors, manufacturing sector also demands recognising strategic approach in maintaining human capital so that present difficulties visualised can be reduced. Although this article does not focus on any particular sector, its findings made in global context cover issues and professional approach adopted in all sectors that also includes manufacturing sector. I will use the finding of this article in my study of manufacturing sector by getting knowledge about i mportance of strategic approach in its HR development. The framework and analysis made in the form of tables and figure in this article gives an overview of present state of HR practices and global HR models of organisations situated worldwide. This analysis can be researched further to get detailed information about present practices in manufacturing sectors. This article examines whether more advanced method or process of selection and recruitment can reduce staff turnover or not. The basic purpose behind research finds out present recruitment and selection process employed by manufacturing units and looks upon other alternatives that can be applied by them to reduce staff turnover. Distribution of questionnaire among employees and recruiters to get feedback on recruitment process is the main research methodology adopted in this article. The research observed general functions at work places while carrying out interviews to get access to the information regarding why individuals were leaving their position. The article finds out other alternatives for recruitment and selection process that can be undertaken by manufacturing units. Since manufacturing units are identifying problems related to staff turnover, recruitment and selection processes are under suspect which is analysed in this research paper. Suggestions for improvement has also been made at the end keeping in mind the opportunities for further exploration of theories relating recruitment and selection process that can improve effectiveness in manufacturing industry. The article concludes with looking upon advantages and disadvantages of present HR policies in manufacturing sector. This comparison makes further requirement for studying of the present system as well as principles mentioned in the article. While this study applies to the public sector, its findings are useful in my study of manufacturing sector as literature review presented in this article addresses the need for structured approach to recruitment and selection process in manufacturing units. The article outlines the needs for filling right person in right place to bring competitive advantage in organisations. The research made also discovers the link between rate of turnover and recruitment system by identifying alternative recruitment systems. Job designing principles in this study also gives an insight about the ways through which an effective job designing can be made in manufacturing sector. I will use the findings of this article for analysing manufacturing sectors recruitments and selection processes along with job designing methods and interviewing ways. Along with it, the articles finding on alternative methods will give reason for my further study on reason behind difficulties in manufacturing sector. This article examines the key to reserve human capital and the need to involve human management in organisations. According to the article, companies that involve innovative performance produce more desired outputs than traditional practitioners. The research also gives emphasis on delegating decisions through HRM practices after making room for appraisals and rewards. Drawing attention towards innovation after making a brief study about current practices along with sharing knowledge will also give a boost to manufacturing sector. The purpose behind this research is to reflect the emerging trend in HRM and innovation study. Since firms nowadays are adopting more integrated approach to sustain in competitive market, manufacturing sectors according to the article requires fair consideration. The literature review made in this article engages external knowledge with present literature to find out the reason behind innovation. The research methodology undertaken in the article comprises of surveys and discussions on the role of human resource management practices along with making a comparative study. Influence of individual practice matters in overall growth of industry which can be done by making periodical comparison between them. The article finds new methods of communication between employees and workers that can make innovation process simpler and thus resulting in effective HR practice. While this study applies to public sector, its findings are useful in my study of manufacturing sector because literature review made on innovation and development of individual practise can provide manufacturing sectors with new approach. By identifying its importance the present condition of manufacturers will get boosted if they share their knowledge with others of similar background. According to the article, human resource management practice organizes training arrangements on the basis of reward formation and by setting of teams according to the work allotment. If manufacturing sectors gets sound HR management which can apply these innovative techniques, it can elevate entire industry considerably. Therefore, I will use its findings to analyse manufacturing sector by making further research on more advanced and innovative process that can reduce difficulties in manufacturing sector. The surveys made in this article will help me get a knowledge about present practices that needs to be developed. Recommendations made in the article will also be utilised further keeping in mind about its advantages for my study. References: Shrivastava, R., 2017. HR development in manufacturing sector. [Online] Available at: https://www.peoplematters.in/article/strategic-hr/hr-development-in-manufacturing-sector-14992. R., V.S.a.G., 2011. THE IMPLICATIONS OF IMPLEMENTING ELECTRONIC- HUMAN RESOURCE MANAGEMENT (E-HRM) SYSTEMS IN COMPANIES. [Online] Available at: https://bioinfopublication.org/files/articles/2_1_1_JISC.pdf. Alharthey, B.K., 2018. Review on Globalization and Importance of Strategic Human Resource Management. [Online] Available at: https://ijsrm.in/index.php/ijsrm/article/view/1338. Quinn, D., 2014. An evaluation of the recruitment and selection process employed by Manufacturing Company X and assessing whether a more advanced process or method of recruitment and selection may reduce staff turnover. [Online] Available at: https://trap.ncirl.ie/1756/1/darylquinn.pdf. Foss, K.L.a.N.J., 2012. HUMAN RESOURCE MANAGEMENT PRACTICES AND INNOVATION. [Online] Available at: https://www.druid.dk/laursen/files/Handbook_of_Innovation_Management_LaursenFoss.pdf.