HR Strategy Essay Example | Topics and Well Written Essays - 750 words

HR Strategy - Essay Example In this paper, I will be analysing the internal and external fits approach to HR strategy. Strategic human resources management (SHRM) takes a strategic approach to organisational human resource management. SHRM concerns itself with the design and implementation of internal policy practices that consistently enhance the human capital’s ability to contribute to the bigger organisational goals (Wei, 2006). The strategic aims of HR revolve around cost containment and management of business risks. To achieve this, the HR function attempts to recruit highly talented, able and willing employees and managing these human resources optimally. The most critical asset for any organisation is therefore its human capital; productivity and profitability greatly depend on the motivation and desire people to perform as well as the support they get from managements. Strategically, HR strives to attain and manage two kinds of fits i.e. internal and external fit. On the perspective of external fit, the HR function’s systems, structures and management practices should be consistent with the particular firm’s stage in development. Organisational needs change with growth; having an understanding of just how the organisation is changing with growth makes it easier to understand the necessary human resource adjustments. From the approach of internal fit, the structure, systems and HRM practices need to be synergistic i.e. the HR function must put in place structures and systems that support and complement one another while contributing to organisational objectives. The HR function must therefore ensure its strategy enables the organisation to perform, attain competitive edge and ultimately make profits (Lloyd and Ilan, 1998). According to Pfeffer (1998) effective people management can tremendously enhance organisational performance both financially, socially and economically. He describes seven organisational characteristics consistent in most if not all firms

Logistics and Transportation as A Service Category within a Category Research Paper

Logistics and Transportation as A Service Category within a Category Management Program - Research Paper Example The intention of this study is Nexen. It is Canada based energy generation company having a dedicated workforce of about 3800 employees. In addition to this the company also has a strong and visionary management that helps in catapulting the organization to levels of excellence. The company was incepted in the year 1971 in which the Occidental crude oil company merged its subsidiary of energy and gas to create a conglomerate. The company is also engaged in the exploration of oil and gas and also owns gas fields across Canada. The future strategies of the company include investing in exploration in Mexican gulf, West Africa and North Sea. It also includes exploration of oil sands and unconventional gas fields across the nation.The company has a considerable and commendable supply chain management strategy under which the company focuses on using technology to reduce the cost of inventory. The logistics and supply chain aspects of the organization include management of the movement of goods from the source to the final destination. Transportation and its efficient management can help generate a lot of competitive advantage for the organization. The aspect of supply chain management is very closely linked to the aspect of warehouse maintenance, transportation as well as management of materials over distances. Use of global category management would help in generating not only cost advantage but would also help generate sustainable and long term competitive advantage for the organization. ... The logistics and supply chain aspects of the organization include management of the movement of goods from the source to the final destination. Transportation and its efficient management can help generate a lot of competitive advantage for the organization. The aspect of supply chain management is very closely linked to the aspect of warehouse maintenance, transportation as well as management of materials over distances. The present study would try to analyse the aspect of global category management in the supply chain strategies of the company that would help generate greater efficiency for the organization. Use of global category management would help in generating not only cost advantage but would also help generate sustainable and long term competitive advantage for the organization. Concept of Category Management Category Management program objectives are found to bear strong linkages with the product portfolio of a manufacturing or marketing sector company. In this regard, Ch iplunkar (2011) observes that the product portfolio of a company operating in manufacturing or retail segment is mostly decided by product managers. Product managers managing that category are responsible for getting the right amount and quality of raw materials for the production of such items. The responsibility for arranging the production of the product is shared eventually by the product managers with other departments like administrative and manufacturing units. Further the product manager also coordinates with the sales and marketing team for getting the product rightly sold in the market to help achieve business profits. The category management concept earns further depth in regards to