This report discusses the concept of workforce as a commodity in a competitive market. It explores the features and specifications of a human product and the advantages of thinking oneself as a product in the job market.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
Running head: WORKFORCE AS COMMODITY WORKFORCE AS COMMODITY Name of the Student: Name of the University: Author Note:
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
1WORKFORCE AS COMMODITY The aim of this report is to discuss the person to a commodity in a market full of competition. In this regard, the person will be compared to a community or product which is being introduced in the market. Despite the fact that the human skills have nothing similar to those of the products, but thinking oneself to be the product in the competitive market make the persons enable to keep themselves upgraded with the changing situation and time. This report will be discussing the features of the human product with all the features as well as specifications in the market perfectly matching the demand of the market. In addition to this, the product will be shown with the glimpse of future availability so that changes can be brought more easily. In spite of having various viabilities, the acceptance of this human product will not get reduced. Thinking oneself as product has several positive outcomes which include proper understanding of proper competitive features, assets , benefits and liabilities that can be improved upon each and every year that help in differentiating oneself from the others and creating oneself as the personal brand. Making the personality as the backbone of the creating personal branding system can help the product to be introduced successfully in the market. In this regard, the skills and capabilities need to be showcased properly so that the companies which are expecting a human force to be effective in their operations can understand the abilities and hire me in their organostions as an asset. I, before introducing myself as the product in the job market has understood the personal SWOT properly so that the capabilities and scopes are clearly visible in the process in one hand and I can understand the level of competition properly. In order to trade with confidence and security I can sell myself as a product in the job market. I am a professional accountant therefore I know the financial issues related to the business in depth which is an essential criteria for the employees in this competitive world of business. First of all it is mandatory to state that I have one short goal and a long goal to achieve in which to get hired
2WORKFORCE AS COMMODITY by a reputed company as a senior accountant is the short goal. This due to because, I have the long goal of setting my own start up within 15 years where I will be applying my professional knowledge properly. In this regard, I have developed certain strengths which include my managerial skills, communication skills, creativity skills, planning skills, budgeting skills and relationship building skills. My personal strengths involves the abilities to be creative and innovating in the finding of solution of the problems and decision making. In addition to this, the strengths in me are promoted as I am an open minded person which creates scope for getting an extra leverage in comparison to other competitors. Being open to the new and innovative ideas paves the path for becoming adaptive to the new situations that gives the products competitive advantage to be upgraded all the time. Creativity and in ovation are the tools which help me to advance my career. And allow me stand out in the environment as this is knowledge intensive quality exemplifying my education as well as other capabilities. There is a less scope for an accountant to apply creativity but I keep myself updated with the introduction of newer tools and techniques of financial works of the business and their utility in the business of all over the world. These tools that I try to use are mainly supported with the technological advancement of the world and has helped me to embrace the new innovative measure of accounting. Therefore, if I get hired in the company I will be using those tools that can reduce time and resource use in the production or operation of the firm. As mentioned before I have quite in depth understanding of the subject hence have access to the resources needed for the successful operation of the company.In the competitive world of business resources are the capital as the better resources I have the better chances I will get the upper hand on the competitors. Despite the fact that resources are essential for the growth of any persons as well as for the companies, I can contribute my company with any type of support that I have developed through the educational knowledge. It is one of the most important factor that the companies need these knowledge so that the
3WORKFORCE AS COMMODITY operations can be done in more proper way as well as ethical manner. Hence education is the source of success through adaptability. Even if the situation of the company changes, I can support the company with the needed resources so that it can survive the challenges with changing situation. In addition to this, I can be a good product in the competitive world of business because I can be socially acceptable more than my competitors. This is due to the fact that I tend to understand the persons approaching me and communicating with me on any topic. This tendency of communicating has made me one of the most popular communicator in college as well as university. I can mix with people in any way and create a positive impact on them so that I understand the different points of view and adapt me with that situation or condition. From the point of view of a product, I can say I am very acceptable because like any type of popular products I am user friendly. I create an impact on the others that move them and identify me as an honest spoken and understanding person who can carry on responsibility. Therefore, I never face any type of conflict with my mates on the basis of different style of thinking and decision making. This quality has made me to be different and capable communicator who can solve any type of problem just through discussion and negotiation. Any type of product has some weaknesses that make them viable in the competitive market. It is drawbacks of the product that hinder it from executing what it is meant for. In my case, I also have some drawbacks that hinder me from executing the strategies to pursue a particular mission. However, the viability in the market enhances when I cannot perform one particular tasks due to my inability but the competitors around me are able to do so. Thus these competitors get leverage than me and win over me. Thus harms me and curtail my growth in the competitive world of business. I have two most important weaknesses as a product in this situation one is related with the over commitment and self-motivation as
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
4WORKFORCE AS COMMODITY mentioned before, I am an open minded person who is proficient in the understanding of the tasks and doing those within deadline but I am an over committed person and honestly try to do what I have committed irrespective of my sufferings. This often creates hindrance in my path because instead of being able to stop myself while going towards the wrong way and I walk in that path until I end up in a dead end. This tendency of maintaining commitment and doing what exactly has been said is originated from the idea of pursuing perfection in any types of tasks. This escalation of the commitment bias leads me to fail in attaining the goals. This continues to gain momentum as well as strength of the tasks at my hand and desire I know the negative aspects and consequences of the tasks I cannot stop myself and I have taken the responsibility by myself. It is essential to understand that the commitment with the work is necessary for excel in career but too much commitment can hamper the growth. However, I believe that I can overcome this type of weaknesses with full support of my well- wishers. Another weaknesses is my inability to have a self-motivation while I face an intense problems. As mentioned before, I have the capability to understand the psychology of the other based on which I communicate with them and thus negotiate so that no side can face any type of problem. However, in my case, I cannot motivate myself to cope up with any problem that need full psychological strength (Margareta2019). Despite the fact that I can adapt with any situation but this inability of self-motivation, curbs me in anyway. However, the improvement is an essential factor that can effectively help me to deal with my weaknesses. It has been clear that the problems can affect the complete growth of my skills and acceptability by creating negative aspects in my impression and abilities. In such cases I need to learn how these avoids the problems though it is not the best way to solve the weakness issues. However, the benefit of avoiding is that it can give me time to find out some temporary fix for that point of time.
5WORKFORCE AS COMMODITY The threats of the inability of the products increases the viability which abolish them from the competitive market, in case the products cannot adapt with the situation or transform the weaknesses into strengths, they will definitely be lost in the market. In my case, the inability to maintain consistency and self-motivation can cer6e threat because despite I will do the tasks between than the others, but any type of trivial issue can demotivate me and I will lose all the ground to the competitors. I face many problems in the path of future success thinking about which I need to perform in such manner that do not create many scope for demotivation for myself. I can use my knowledge of the subject and the tools for coping up with the situation and as I have a lot of strengths already I will manage to solve the problems within desired time. In case of presenting myself as the product in this competitive world of business, I will check why the companies will hire me because I am going to sell myself in a well reputed company that will utilise my contributions and skill in a proper way. As mentioned before, if have competed my university course in the accounting subject that has given me enough leverage to understand the business market and develop myself matching with the criteria of the job market. Just as the companies produce their products by understand the requirements of the customers and the availability of the resources, add all the facilities to make those acceptable to the clients thus gain competitive advantage and rule the market, I have created myself just like that. In addition it this I have all the needed trainings that make me as an accountant to be integrative, proficient and analytical regarding my tasks and field of knowledge (Noe et al. 2017). I am proficient in IT, have the ability to work in team and proper interpersonal and communicative skills for which the companies mainly need to invest for but in my case the company does not need to expend more and invest on my growth of skills.
6WORKFORCE AS COMMODITY The companies also need not to invest more for the improvement of the product that is me because, I have the interest to keep myself upgraded with the time and changing situation. Now it can be said that company will be wining if it buys me as a product because I also have the capability of managing the small teams. This is due to the fact that I have already managed a team with cultural diversity in my university. Moreover, I will be able to outperform my competitors as I have the working experience in a reputed firm already. These two years of experience will give me an extra leverage to solve any type of issues in the organisation hence the company will get exceptional skill contribution if it chooses me and give chance to prove myself. Themarketgrowthofaccountfirmsaregrowing soalso thedemandof the accountants. Therefore, my market share will be high as I can effectively utilise all my capabilities in the growth of the firm. Many of the competitors will be eliminated in this course as I have the communication skill to be the cash cow which most of the accountants do not possess the following BCG model can explain this in detail. question mark low market share and high market growth I have low knowledge of opportunities therefore need to increase investment for the self-growth stars high market share and high market growth I have been doing well so far hence can get opportunity from the company heads Dogs low market share and low market growth Weaknesses are not effective, can be dealt with cash cows high market share and low market growth I am doing well so far in growing market BCG model
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
7WORKFORCE AS COMMODITY In this model it can be seen that in question mark where low market share and high market growth is perceived, I have low knowledge of opportunities therefore need to increase investment for the self-growth. In Stars, where high market share and high market growth is perceived, I have been doing well so far hence can get opportunity from the company heads. In Dogs category where low market share and low market growth is perceived, I can say that weaknesses are not effective hence can be dealt with easily. Finally in the Cash cow segment where high market share and low market growth is perceived, I am doing well so far in growing market. Therefore, it can be concluded that I have all the skills and capabilities needed as an accountant in the competitive world of business. Therefore, I can meet all the requirements of the customers here the company human resource managers who will be selecting me for their company’s growth. All the strengths are showcased properly as a product so that the companies which are expecting a human force to be effective in their operations can understand the abilities and hire me in their organostions as an asset.
8WORKFORCE AS COMMODITY References: Margareta, V., 2019. Improvement of Human Resources Management as the main factor for efficiency increase at an enterprise.Total quality management. Noe,R.A.,Hollenbeck,J.R.,Gerhart,B.andWright,P.M.,2017.Humanresource management: Gaining a competitive advantage. New York, NY: McGraw-Hill Education.