Analysis of Contemporary Management Issues in the 21st Century

This report delves into contemporary management issues in the 21st century, focusing on the interplay of competitive strategy models and HR theory. It examines the impact of artificial intelligence on organizational strategy, emphasizing the importance of employee engagement and adapting to the global competitive landscape. The report also critically evaluates the significance of talent acquisition, highlighting the role of learning and development in enhancing organizational operations, employee retention, and overall efficiency. It underscores the need for effective training programs, ethical considerations, and change management to navigate the dynamic business environment. The conclusion reinforces the significance of AI and strategic resource management for organizational growth and competitive advantage.

Contemporary Management
Issues in the 21st Century

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
1. Competitive strategy models and HR theory...........................................................................3
2.Critical evaluation of importance of talent acquisition.............................................................5
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................8

INTRODUCTION
Artificial intelligence is considered to be the technology that is computerized or a robot
controls by the computer for the tasks in order to usually done by the humans because of their
requirement human intelligence. In this project the competitive strategy models of HR and
importance of talent acquisition will be explained for the use of Artificial intelligence.
MAIN BODY
1. Competitive strategy models and HR theory
The organizational strategy for overcoming the challenges and opportunities would be
motivated its employees through rewards, incentives, trips, opportunities, recognition and
through employee engagement (Radosavljevic, 2022). The competitive strategy of the
organization has also changed with the change in the HR management of the organization it can
be said that the growth of the organization depended on the ways in which they were able to
manage their competition in the Global competitive strategy (Shet, 2020). For the different
business there were different forms of competitive strategy model that were used in order to
achieve the results that were required (Senyo, Liu and Effah, 2019). Majority business during
the pandemic were adapting to the cost effective competitive strategy that allows them to gain
the competitive advantage with higher profit margin to that of its competitors (Nandal and
Nandal, 2021). In the cost effective strategy the organization would focus on the different ways
in which the organization would have been able to achieve the growth that are required.
For the organization it is considered to be very important to be able to achieve the
organizational goals that are required. For this organization the gaining understanding of the
ways that help the business to develop the organizational goals (Nikolić, 2018). It can be said
that the use of such strategy allows the company to be able to gain the competitive advantages.
The Human resource department are also considered to be the department which are related to
this type of organization (Prashar and Sharma, 2019). It can be said that the ways in which
organization is able gain the competitive advantages is said to be the dependent of the strategy of
the organization. In order help the company to be able to coordinate with the HR in order to
effectively analyse the operations of the organization (Alsharari and Lasyoud, 2019). This is

also said to be the factor that also provide the organization with the different set of operations
that help the company generate new strategies that are effective in nature. The Transaction Cost
theory is also considered to be that theory of HR that allows the organization to generate the
competitive advantages that are required (Bhaskar and Choudhary, 2022). It is the theory of HR
that explains that the organizational structure needs to be in a way that it is going to be able to
achieve the economic efficiency through the minimization of the cost of the exchange. Hence,
the role of HR in the cost effective strategy is also very important for the management of the
cost-effectiveness (Luz Martín‐Peña, Díaz‐Garrido and Sánchez‐López, 2018).
The factors which are considered to be the key towards the ways in which the
organization is able to gain the competitive advantages that is considered to be the factors that is
able to gain the competitive advantages that help the company to be able to generate the
company growth. Artificial intelligence is also said to be the factor that allows the company to be
able to gain (Egwuenu and Omede, 2019). The competition of the factors that is considered that
able to gain the competitive. This is also said to be the factor that allows the human resource
organization to be able to gain the business with the learning about the ways in which the best
decision can be made in order to develop the competitive advantages (Ukko and et.al., 2019).
This is also said to be the factor that allows the global environment of the organization to be able
to generate the competitive advantages that is present in the organization. AI is considered to be
the strategy that has allowed the company to be able to generate the strategies for the
management of the resources for saving the cost as much as possible (Molokwane, 2019). For
this organization the development of the strategies is also said to be the options that help the
company in the ways in which the talent can be used or acquired for the management of the
change of the current global competitive climate. For the global environment of the business the
management of the resources is said to be even more effective because it is able to generate the
competitive advantages through the experiences of how the organization can gain the
effectiveness of the organization and its policies (Aldeen, Ratih and Herianingrum, 2020). The
use of the transaction based technology is also said to be the factor that allows the company in
the management of the strategies that allow the company to be able to develop the key
understanding of how the business is getting effected. The workforces of the organization are the
most important aspect of the organization which allows it to gain the competitive advantage that
is required.

2.Critical evaluation of importance of talent acquisition
Talent acquisition is also considered to be very important for the organization to be able
to hire the individuals that are going to fit the organization perfectly. For an organization to gain
the growth in the operations it is very important to have a strong level of talent in the
organization which would help the organization in order to increase the productivity of the
organization. It has also been considered to be the strategies that allow the organization to be
able to gain the competitive advantage the is essential for the organization (Lok, Cheng and
Choong, 2021). Learning and development is considered to be one of the key practices that
allows the organization to improve the operations of the organization even more. For an
organization it is very important to be able to make sure that the business is able to gain the
competitive advantage that is required for being able to develop the organization operations
(Shittu, Williams and Shaw, 2021). In order to be able to gain the competitive advantage it is
very important for the company to provide the business.
The important of the learning and development is amazing is considered to be ale to gain
the competitive advantages that help the business earn more profit. It is also said to be the factor
that is able to gain the success in the organization to be able to learn and understand the
development of organizational operations (MURTHY and TALLURI, 2021). Learning and
development is also considered to be the factor that helps the business to be able to develop the
workplace importance that is essential for the employees specially the millennials that help the
opportunities to learn and grow. It is also essential for the organization to be able to increase the
importance of the ways in which it helps in making the decision that is considered to be effective
in the application of the job. In order to be able to develop the operational efficiency of the
organization the business would need to train their employees to increase their retention. Hiring
is considered to be a much more expensive factor that the employees that helps the organization
in the retention that help the organization in the decrease the retention (VAN DAT and NHI,
2021). The focus of this company has been on the ways in which it affects the commitment of
the employee development. Training has been also considered to be the factor that is able to
develop the organizational bottom line which is said to be learning & development focusing on
filling in knowledge gaps that helps the organization in gaining the operational efficiency. It can
be said that the increase in the company's efficiency occur with the training and development.

It has been found that the untrained employees are the ones in general that puts the
organization at the risk (Srivastava and Gupta, 2021). It is also considered to be the key towards
the ways in which the business is able to hire the organization and also make the smarter and
more productive way of developing the operations which are considered to be the factor that
allows the business to gain the initiative that helps the business in the workplace safety and
training (Khan and Abdullah, 2019). The effectiveness of the ethics and training program is also
considered to be the factor that allows the company to gain the effectiveness in the ethics training
program that is developed in the better minimization of the risk from the lawsuits. Training and
development is considered to be the factor that helps the customers services to gain the
satisfaction that allows the customers to be able to take the time out and able to gain the
operational efficiency that is considered to be very effective for the organization.
Change management is also considered to be the area which allows the company to be
able to manage the competitive advantage that is considered to be very effective for the
organization. For this company the management of the operational efficiency is very important
for being able to develop the understanding of the ways in which it would be able to manage the
changes that might occur (DAT, 2021). There are areas that are considered to be the factor that
help in the creation of the ways in which they are able to gain the competitive advantage that
helps the business to gain the growth that is required. Change management of the global
environment is very important as it helps in tackling the needs that are considered to be very
effective for gaining the competitive advantages that are essential for the organization.
CONCLUSION
From the above project it can be concluded that the growth of the organization depends on the
ways in which it is able to utilize the artificial intelligence for the operational purpose.

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