Management of CSL Company Limited Assignment 2022

Running head: MANAGEMENT
Management of CSL Company Limited
Name of the student:
Name of the university:
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MANAGEMENT
Executive summary
Managing the performance of the human resources is assistance for the managers in terms of
estimating the direction in which the operations would head in the upcoming financial years.
Application of performance management systems is beneficial in measuring and controlling
the performance. Apart from this, the systems are also crucial for aligning whether the
operations are in accordance to the identified and specified goals and objectives. All these
aspects are true for all of the companies and organizations including CSL Limted Company,
which the report considers for shedding light on their managerial strategies. Positive
workplace environment fostering a learning culture, which is helpful for enhancing the
preconceived notion of the staffs towards the provision of quality healthcare services to the
patients. Virtual learning is included in the training programs for exposing the staffs to the
recent technological trends in the healthcare practices. This approach is a slow yet gradual
progression towards globalizing the operations.

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MANAGEMENT
Table of contents
Introduction................................................................................................................................4
Insight into the company............................................................................................................4
Discussion..................................................................................................................................4
Components of human resource management.......................................................................4
Learning and development of the staffs.................................................................................5
Strategic human resource management..................................................................................5
Innovation in operations.........................................................................................................6
Theoretical considerations towards strategic management....................................................6
HR roles and responsibilities.................................................................................................8
Employment Value Proposition.............................................................................................9
Conclusion..................................................................................................................................9
References................................................................................................................................11

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Introduction
Management is an important parameter, which needs to be proper for accomplishing
the identified and specified goals. Application of effective managerial techniques and
strategies is valued through the implementation of performance management systems. This is
beneficial in terms of measuring and controlling the performance of the employees. In the
healthcare sector, management is a crucial aspect ensuring the wellbeing of the patients (Noe
et al. 2017). Controlling the health records of the patients is assistance in terms of detecting
the need for machines and devices for achieving infrastructural development. This
assignment attempts to conduct an individual report on the management of CSL Limited.
Insight into the company
CSL Limited Company is considered to be a reputed biotechnological company,
which deals with research, manufacture and marketing of the products, which are flexible for
curing the serious medical conditions of the patients. As a matter of specification, the
company enhances the purchasing power of the clients and the customers by delivering the
products in the areas of blood plasma derivatives, vaccines, anti-venom and cell culture
reagents. Founded in 1916, the company achieved the revenue of 6.923 billion US$ by 2016
(Csl.com 2019). The net income gained was 1769 million US$. The company is one of the
ASX listed, coded as ASX: CSL. The mission and vision of the company is to save lives of
the patients in need through the exposure of dedication, commitment, perseverance and
passion in the services.
Discussion
Components of human resource management
Every company or organization is dependent on three components: technology,
finance and human resources, that is, the employees. Among these, the human resources are
considered to be the assets in terms of enhancing the organizational effectiveness. In this