Managing human resources : assignment Sample
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Added on 2021-02-18
Managing human resources : assignment Sample
Added on 2021-02-18
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Managing Human Resource
INTRODUCTIONHuman resource management can be defined as a strategic approach for effectivemanagement of their resources and people. The main aim of HRM is to maximise and increaseemployees performance for achieving determined goals. This present essay will describe andshow the meaning and importance of resource based review which helps organisations of UK totake competitive advantages. Human resource practices also make them able to take competitiveadvantages and their organisational growth. Best practice which organisations of UK use areemployee engagement and reward employees for their better performance. These practices arebeing used by organisations for motivating them and increasing productivity (Leroy and et.al.,2018). This present essay will also show about the challenges and threats which UK companiesare now facing. Challenges are labour turnover and advanced technologies which creates barrierin their growth.Adaption of “Resource based view” by organisations to gain competitive advantagesResource based view can be defined as a framework and a model that focus anddetermine its strategic resources in order to competitive and superior advantages to anorganisation. This RBV model includes various types of tangible & intangible resources thathelps organisations like Toyota, Google, Tesco to achieve competitive advantages. Resourcesincluded in resource based view includes processes, strategies, knowledge, informations etc.When a HR uses all these resources together then it creates business capabilities. It also gives asustainable competitive advantages to companies. There are some advantages and strategies thatare not being imitated by competitors such as sustainability which can be achieved byorganisations with the help of valuable resources (Bromiley and Rau, 2016).Employees and team members are the best resources for any type of organisation. Withselecting and hiring the right and potential people on deck, manager feel confident signing off onincoming projects. Utilization of other resources like finance, skills in an effective manner, cannot be possible without the right human resource. Due to advanced technologies, companies haveto suffer with changes and to keep up with these changes, companies require to be on high alertfor their resources & capabilities that can give them a competitive advantages. The resourcebased strategy is an effective theory by which companies can make themselves able to analysediversified contributions which come from different quarters.
Most important and appropriate example of Toyota auto mobile that focus on utilizing itsresources & capabilities in order to raise its quality of services and products. It is known andpioneered a lean production system that proved difficult to replicate. Further, it introduced withother management approach and practice which is known as just in time manufacturing thathelps them in reducing its set up time (Kull, Mena and Korschun, 2016). Its best strategy oflower pricing and long lasting efficiency rapidly achieved popularity or its became popularamong people or customers. This model and strategy helped Toyota to retain its consumers'loyalty.Example of Honda auto mobile company who is a core competences in power trains andengines which has given it a long term competitive advantages in cars, generator businesses etc.Resource based view has various characteristics and benefits which make organisations to take acompetitive advantages. Valuable resources and the resources which have the ability to bringvalue to an organisation then they can become a source of competitive advantages. Resourcesthat big companies like Google, Tesco, Sainsbury's uses they should not be able to be replacedby any other valuable resources. If 2 resources have the same ability and can be implement thesame strategy then it can not be the source of competitive advantages for organisations. So itshould not be substituted and replaceable (Cohen, 2017).Good practices by organisationsThere are various good practices which are being adopted by big and reputed companiesin order to make them able to being in a competition and a market leaders. Good practicesincludes engage workers, stay committed, team efforts, healthy workplace, effectivecommunication etc. Examples of companies who use good practices are Google and Virgin.Employee engagement is the fuel and important key element of organisations. These companiesare prime examples of employees engagement reaping real benefits. The main focus on creatinga culture as they want. The main aspect of their creating culture is transparency. By thattransparency, workers of Google feel empowered as it focuses on collaboration and encouragingcreativity. By creating a culture of freedom and transparency, google make them able to takecompetitive advantages as employees feel engaged and respected when the company do not hideany agenda and informations from them. So it can be said that, companies who focus on thetransparency engaging employees, they are more likely to take competitive advantages andsustainability.
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