MOD003486: Managing Human Resources Report, Semester 2

This report delves into the core principles of human resource management (HRM), focusing on the application of the Resource-Based View (RBV) to achieve sustainable competitive advantages. It explores how RBV can address limitations in HRM within the shipping industry and examines the impact of HRM on organizational strategy. The report further analyzes the major threats facing organizations operating within the UK labor market, with a particular focus on the implications of Brexit. It discusses the uncertainty caused by Brexit, its impact on sales, investment, and employment, and provides examples of organizations affected by the changes in the market. The report uses scholarly sources and frameworks to analyze the relationship between HRM and corporate strategy, and the internal and external factors that influence the employment relationship. The report concludes with key insights into how organizations can leverage their human resources to navigate challenges and foster long-term economic value.

Managing Human Recourses 1
Managing Human Recourses
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Managing Human Recourses 2
Part I
Resource-based View (RVB) adaptations to Human Resource Management (HRM)
The study shows that, the RBV can subsidize to the hostility of quite a lot of limitations that a
shipment firm faces in the human resource managements (HRM), and to the establishment of
bearable competitive advantages. The analysis compares the different approaches that the
shipping company applies to the administration employees. The involvement of Resource Based
View and Human Resource Management in the attainment of economic advantages. The Human
Resource Management is fanatical to discovering role of Human Resource in associate with the
corporate approach since then HRM has consisted followed the development within the arena of
tactical supervision. Porter’s ideal of standard was used by the HRM scholars to delicate the
definite Human Resource approaches that would anticipate to perceive beneath each (Bamberger,
Biron, and Meshoulam, 2014).
Though the field of HRM did not bear the resource-based review, this has been influential to its
progress. This was large, due to the RBV fluctuating stress in the fiction approach from the
exterior factor in the direction of the internal organization, as the resources are competitive. HR’s
assentation accepts the legitimacy of the prosperity of the HRM field to plagiarize ideas and
theory from wider approach of literature (Kaiser, El Arbi, and Ahlemann, 2015). The reputation
of the Resource Based View within the Human Resource Management as a fiction basis for both
theoretic and practical examination has perhaps far bettered what everyone anticipated. Within
the strategic management, literature has led to an increase in coverage among the meadows of
tactical supervision.

Managing Human Recourses 3
The resource-based view and human resource management
The RBV has been influential to its growth and was initially introduced by Werner felt
possessions and capabilities set up a base for the information and supportable competitive
advantages. Capabilities of organizations are associated to great enactment and offer the
organization with bearable competitive advantages. The literature in the Human Resources
Management highlights the reputation of the organization’s Human Resource. Currently, the
Resource Based View is grounded on four elementary creeds that's a firm grasps competitive
advantages (Lin, and Wu, 2014). This fundamental capability is formed by the supervision of
Human Resource’ expertise and talent, however that needs time to be industrialized. The
occurrence of the Human Resource Management system makes the organization to have
economic advantages. The human resource encounters the resource based review necessities,
integrates in the Human resource strategies, and rehearses in mandate to create and sustain the
deliberate human investment. People fluctuate in in their competences and aptitudes, therefore in
the organization involvement. Human resource are unusual due to its tough to find folks who
assurance the great presentation level in the business.
Resource-based view in shipment management crew
The application of RBV in the shipping, should take in particular account structure of the sector,
which creates the adoption RBV, and on the other hand, make RBV extra valuable for building
supportable economic advantages. The implementation of organization system is either for HRM
or any other operational aspect in each one of the organization structure. Shipping companies are
always searching for ways to pursuit and minimization their cost in all possible areas. HRM

Managing Human Recourses 4
functions confront definite restrictions enforce and minimize the damage. In shipping,
formalization impacts the stream of unambiguous, and internal rules enforce it. However
speaking of HRM to succeed the exploit their potential contribution (Progoulaki, and Theotokas,
2016). Shipment corporations do not escape their Human Resource rehearsal and to regulate
them to the sensitivity of their supervision embrace on the assessment of the impact. Human
Resource researchers recognize the RBV provides a compelling explanation of a brief overview
demonstrating the RBV based on the HRM research. The evolution began the theoretical and
speculative progress of the HRM
RBV and HRM theory
They presented the RVB as one of the prospective academics and has been applied to HRM. The
perspective provides a foundation of exactly how the organization's HR can offer a possible basis
of a supportable competitive advantage (Kaufman, 2015). In the associations with literature,
there is a provided scrutiny of the implication of the Resource Based View on the Human
Resource Management. They distinguished representations of HRM established on a specific
corporate approach demanding a sole set of behavior and attitude starting from the workers.
Specific human resources benefit from policies and procedures set responses from the
employees. HR practices using the tackles to achieve human wealth in relating the ideas of
significance substitutability, individuality, and individuality. They contended the Human
Resource rehearses could not meet the foundation for supportable competitive advantage ever
since rivals could simply counterfeit any individual Human Resource rehearsal. Instead, they
projected that the social assets loch are the extremely skilful and very inspired labor force. A
more significant possible to establish a foundation of supportable competitive benefit. The
writers distinguished that to create a reasonable improvement; the personal wealth group should

Managing Human Recourses 5
both have great ranks of expertise and a readiness to display creative performance. This
ability/performance difference seems as a slightly constant refrain in the interior of this poetry.

Managing Human Recourses 6
Resource Based View and Pragmatic Human Resource Management exploration
In the accumulation to the numerous solicitations of RBV to imaginary growths in the HRM. The
perspectives have appeared as one of the brass tacks for discovering the experiential relationship
around the HRM. The conducted analysis in the previous years hard pressed up but does not
wage brim services to the Resource Based View. The first application, the level of Human
Resources rehearses which might support the propagation for a foundation of modest advantage
(Ngo, Jiang, and Loi, 2014). , the shipping company uses an RVB framework to focus on the
skills and experience of the organization. The company impact on the staff's performance they
found that particular skill and team performance relies on the strategy in which the team workers
were engaged. The recent empirical study through the building of RBV, it provides fascinating
commentary about the current state of HRM research in answer to the claims RBV is repetitious
and does not produce stable suggestions (Saridakis, Lai, and Cooper, 2017).
The potential mutual contribution between the convergence of RBV and HRM
Resource Based View has subsidized to the field of Human Resource Management. As a critical
component, Resource Based View has delivered an excellent policy emphasizing the competence
of the people to the competitive advantage. The point is that Resource Based View should pump
up the researcher’s strategy against the people or the HR practices issues (Jamali, El Dirani, and
Harwood, 2015). In the current developments around the field of the strategy seems the evidence
on converging the arena of HRM. The knowledge-based assessment of the organization it's a
connection in the middle of the literature approach and Human Resource, and there is a
substantial dependence on Human Resource associated matters.

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The knowledge-based theories of the organizations
The Resource Based View model has engrossed on the acquaintance. RBV comprehend how the
company transfer, integrate, leverage, generate and protect the understanding moved to the lead
of the field. A knowledge-based philosophy of the organization exists since they are healthier to
assimilate and smear dedicated awareness of what other flea market do (Donate, and de Pablo,
2015). Similar trusts in a knowledge-based concept in the organization; suggest that they can
safeguard the awareness from expropriation and synthetic the markets. The knowledge
administration requires the organization to identify the existing understanding of pedestals and
offer the machinery to endorse the defense, criterion and knowledge relocation.
Conclusion
In conclusion, it appears that, a company, which does not deliberate as Human Resource,
subsidies to the attractiveness, and as a practical commendation to the scheme. The prose in the
Human Resource Management approach has widely stressed on the starring protagonist of
Human Resource in the corporations and the influence of an HRM structure to the attractiveness.
RBV is the most significant essential in this direction; even though it’s extensively positioned by
specialists in numerous divisions and has lately been scrutinized in the situation of Human
Resource Management shipment business. Several individualities of the shipment business
execute limitations to the use of Resource Based View; however the similar individualities that
brand the authoritative. The Resource Based View, oceangoing and seashore created workers are
witnessed as the tactical wealth that makes the worth of shipment and subsidies to an economy in
the long-term. One ought to emphasis on the principle, which develops the want to escape by
competitors over and done with the commercial philosophy and attitude. It’s vigorous intended
for the shipment industry toward advance to establish such an organization scheme and set, and

Managing Human Recourses 8
provision and stock up the assets. The provision over integrated structures is particularly
significant since rehearses are frequent inadequate and are relaxed to emulate the company’s
challenges as the study of the ground is discovered.

Managing Human Recourses 9
Part II (a)
Major threats facing organization operating within the UK labor market
Exit of Britain in the European Union (Brexit)
Brexit affecting Organizational Business in the United Kingdom labor market
Mostly during history like the assassination of President John F. Kennedy, 9/11 attacks and
OPEC oil price shock makes a surge in ambiguity which diminishes sensibly quickly. The
markets learn and distinctively gains more self-assurance eventually. About the Brexit, it's all
started with a jump I uncertainty of the UK opt to vote and vacate the EU in 2016. The more
time has passed without a deal on terms of UK withdrawal. The companies have become more
perseverance, whether the deal will happen at all, whether there will be another referendum, and
what conditions will be agreed in the agreement (Wright, 2017). The great depression was
ambiguity extends which started with the crash of the stock in 1929 and continued to generate
until 1932. Brexit was a crucial political shock versus an economic one and was essentially
unpredicted. The matters have been extensively debated in the weeks to vote; thus the betting
odds recommends that the prospect of Brexit is averaged at around 30% and when it’s higher is
not more than 40%.
Another Brexit unusual type of ambiguity shock is that many hard unknown factors lead an
organization to quantify. For instance, there ambiguity on how the UK will leave the EU, how
UK will changeover to the end state, the accessibility of migrants around the UK, what the
means for market access within the UK, how about the product parameter, how the longstanding
relationship among the United Kingdom and European Union will look like and then the
forecasts of individual business (Wright, 2017).

Managing Human Recourses 10
Organizations expect lower foreign and domestic sales to go higher
The organizations anticipated Brexit to decrease their sales approximately by 3 percent. The
export effect was supposed to be negative; however, the financing cost, labor cost, unit cost were
expected to increase.
Investment and employment growth already reduced by Brexit
Employment and investment change for organizations could impact to less, more exposure to
Brexit via both expected, and uncertainty sales impacts for both channel there could be an effect,
but to an extent might be possible to distinguish between them (Gudgin, Coutts, Gibson, and
Buchanan, 2018). The estimation that Brexit uncertainty was associated with an approximate 6
percent lower investment in the first year after the referendum. The estimate for employment has
been 1.5 percent lower than the effect of being in the second year after the Brexit than in the
first.
Example of organizations affected by Brexit
London – the payment of British workers upheld its wildest stride in a period in late 2018, and
the establishment of jobs remained resilient. The statistics disclosed proposing the labor market
was resilient in the future before the Brexit as the border of the frugality decelerated. The total
earning and bonuses rose in the last three months, matching their fastest growth since mid – 2008
(Cumming, and Zahra, 2016). The Britain labor market defied a slowdown in the economy since
the 2016 poll election to consent the EU.
Brexit affect ahead!

Managing Human Recourses 11
The Honda’s statement on the closure of their plant will lead to loss of 3,500 jobs, and Nissan’s
verdict of not to open a new model of car in Britain has upstretched anxiety about the viewpoint
for big productions against the framework of Brexit and reducing world economy. Since 1975 –
4.0 percent is the lowest rate of unemployment in the last three month, the employers have begun
to raise the stuff's pay more quickly (Cumming, and Zahra, 2016). The private sector has
intentional to upsurge the basic pay rate for the employees this year since the review of 2012.
The Bank of England will require to increase the interest progressively to counterbalance the
inflation burden from the rising pay. This month, the development of the wage would slow to 3.0
% by the end of 2019 before picking up over again
Productivity problem
The national statistics data showed the output production per hour fell by 0.2 in the last three
month. The last time it was declined was in 2015 according to the ONS. Another issue is the
weak productivity leads to long-term pay growth risk pushing up inflation (Morgan, 2017). The
statistic showed the depression fall in EU workers in the United Kingdom, seems a decline in
eastern European workers drives it.

Managing Human Recourses 12
Part II (b)
Cybercrime
United Kingdom organizations facing Cybercrime
The projected figure of organizations targeted by cyber-attacks in the United Kingdom (UK) is
approximately 40 percent. The last attack was made in the previous 80 days in Britain, which is
according to software Security Concern. At this time the threat is rising, and more dangerous
tendencies in the attack are more professional and well organized (Wall, 2015). The sources in
the UK seems to have good news, as the review by Trend Micro; an attack can cost the
organization approximately 222,473.
The attack risk on the rise
The UK administration announces an annual assessment of the information security breach
survey, and the analysis to be put together by the consultants. A 2015 version has found that 74
percent small corporations and 90 percent of large organizations were breached in the previous
year and other corresponding statistics is 81 percent and 60 percent for 2014. For the companies
that employ more than 500 people, the preliminary areas for breach cost are high, which includes
the elements such as the recovery of assets, lost sales, business disruption, fines, and
compensation, and the starts now are approximately 1.46 Billion against 600,000 the previous
year. The range cost could be more for big companies according to the survey, because the
organization may experience numerous throughout the year. The average for the large
organization last year was 14 while smaller organizations. It needs to be highlighted, but it’s not
a safety breach of unlawful activity (Bendovschi, 2015). Perhaps companies are on human error
whereby the employees and contractors are to be blamed.