Comprehensive Review of HRM, SHRM, Data Analytics & Management

This assignment provides a comprehensive overview of Human Resource Management (HRM), Strategic Human Resource Management (SHRM) in reference to the Ulrich model, and the application of data analytics in decision-making. It also explores management theories as defined by Henry Fayol, modern management perspectives including Fred Fiedler's views, and differentiates between transactional and transformational leadership theories. The document includes definitions of key concepts, explanations of theoretical frameworks, and comparisons of different leadership styles, offering a detailed understanding of these topics. Desklib is a valuable platform for students seeking similar solved assignments and study resources.

Assignment

Contents
Unit 3: Formative assessment .........................................................................................................1
Q1. Define HRM and key skills of HR personnel?.....................................................................1
Q2. Define SHRM in reference to Ulrich model ?......................................................................1
Q3. How can data analytics used in making decisions?..............................................................1
Unit 4: Formative assessment .........................................................................................................2
Q1. What is management as per Henry Fayol? ...........................................................................2
Q2. Explain modern management in regards with theorist and his views?.................................2
Q3. Differentiate between transactional and transformational theory of leadership?.................2
REFERENCES................................................................................................................................3

Unit 3: Formative assessment
Q1. Define HRM and key skills of HR personnel?
Human resource management can be described as a practice which principally
encompasses of recruitment, deployment and management of personnel of an organisation
(Stewart and Brown, 2019).
Key skills of HR personnel are as follows:
Leadership skills- It is imperative for HR personnel to posses these skills which help
them to lead their team and co-ordinate with other departments.
Decision-making skills- This help HR personnel in making critical decisions on a timely
basis. For example, they can take quick hiring as well as firing decisions.
Interpersonal skills- These skills are considered as important for HR personnel to make
the candidates comfortable during interviews.
Q2. Define SHRM in reference to Ulrich model ?
SHRM in relevance with Ulrich model can be explained as a managerial function which
relies on framing of human resource strategies for providing direction to efforts of employees in
an effective manner. As per the Ulrich model, it is considered as important for organisations as
it provides a holistic approach which assimilates best team for business growth as well as
success.
Ulrich posits that HR professionals are ought to redefine for meeting modern as well as
competitive challenges at workplace by assimilating teams in a strategic manner.
Q3. How can data analytics used in making decisions?
Data analytics are considered as helpful for making critical decisions in an organisation
by having an understanding of employee as well as customer interaction (Yang and Et. Al.,
2022). This allows organisational managers to funnel the relevant facts for making critical
decisions in an effective manner. This also helps in identifying the problem areas as well as aid
in grabing the specified opportunities on a timely basis. Varied types of data analytics aspects
such as descriptive, diagnostic, visualisation help managers in making critical decisions.
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Unit 4: Formative assessment
Q1. What is management as per Henry Fayol?
As per Henry Fayol, management can be termed as a process which aid organisational
managers in forecasting, planning, organising and commanding the business operations in an
effective manner.
Q2. Explain modern management in regards with theorist and his views?
Modern management can be understood as a procedure which aid organisational
managers in implementing strategies for managing the endpoints in an unified as well as
consistent manner. Fred Fiedler was a theorist which related to modern management. According
to Fiedler, every leader has its own leadership style which is modified as per the preferred
circumstances in an effective manner. Modern management believes that employees perform
their tasks for varied reasons such as satisfaction, happiness, high status and many more.
Q3. Differentiate between transactional and transformational theory of leadership?
Differentiation between transactional and transformational leadership theory is as follows:
Basis of difference Transactional leadership Transformational leadership
Meaning Under this, employees are
provided with rewards as well
as punishments by their
leaders for improving their
performance (Rosenbach,
2018).
Under this, leaders develop the
feelings of enthusiasm and
energy among their team
members for enhancing their
performance.
Nature This leadership style is
considered as reactive in
nature as it is used after
understanding employee's
behaviour
This is proactive in its
approach and is used by
leaders before their task.
Focus This focuses on planning as
well as execution of tasks.
This concentrates on brining
innovations through
motivating team members.
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REFERENCES
Books and Journals:
Stewart, G. L. and Brown, K. G., 2019. Human resource management. John Wiley & Sons.
Yang, J. and Et. Al., 2022. Social media data analytics for business decision making system to
competitive analysis. Information Processing & Management. 59(1). p.102751.
Rosenbach, W. E., 2018. Contemporary issues in leadership. Routledge.
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