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HRM gaining a competitive advantage chapter 001 3rd ed

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© The McGraw-Hill Companies, Inc., 2000 Irwin/McGraw-Hill 1 Chapter Human Resource Management: Gaining a Competitive Advantage Objectives • Discuss the roles and activities of a company’

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This is the title

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© The McGraw-Hill Companies, Inc., 2000 Irwin/McGraw-Hill

1 Chapter

Human Resource Management: Gaining a Competitive Advantage

Objectives

• Discuss the roles and activities of a company’s activities

of a company’s human resource function.

• Discuss the competitive challenges influencing U.S companies

• Discuss how human resource practices affect a company’s balanced scorecard.

• Discuss what companies should do to be competitive in the global marketplace

• Identify the characteristics of the work force and how they influence human resource management practices.

• Discuss human resource practices that support high-performance work systems.

• Provide a brief description of human resource management practices.

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Competitiveness and HRM

 Competitiveness- refers to the company’s ability to

maintain and gain market share in its industry

 HRM- refers to policies, practices and systems that

influence employees behaviors, attitudes and

performance

affects

1-2

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© The McGraw-Hill Companies, Inc., 2000 Irwin/McGraw-Hill

HR Function in Transition

Administrative Strategic

Partner

1-3

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Standard Slide Sample 1-4

Corporate Competitiveness Corporate Competitiveness

Technology

Social /

Demographic

Economic Legal

Globalization

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© The McGraw-Hill Companies, Inc., 2000 Irwin/McGraw-Hill

Competitive Challenges

Influencing HRM

 The Global Challenge

 The Challenge of Meeting Stakeholders’ Needs

 The High Performance Work System Challenge

1-5

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Competing Through

Globalization

 Expand into foreign markets

 Prepare employees to work in foreign locations

1-6

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© The McGraw-Hill Companies, Inc., 2000 Irwin/McGraw-Hill

Competing by Meeting Stakeholders’ Needs 1-7

S to c k h o ld e rs C u s to m e rs E m p lo y e e s C o m m u n ity

S ta k e h o ld e rs

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Principles of Total Quality

Management 1-8

1 Customer Focus

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© The McGraw-Hill Companies, Inc., 2000 Irwin/McGraw-Hill

Principles of Total Quality

Management 1-9

1 Customer focus

TRANSFORMATION

PROCESS

2 focus on process

3 prevention vs inspection

TRANSFORMATION

PROCESS

2 focus on process

3 prevention vs inspection

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Principles of Total Quality

Management 1-10

1 Customer Focus

4 employee’s

expertise

4 employee’s

expertise

TRANSFORMATION

PROCESS

2 focus on process

3 prevention vs inspection

TRANSFORMATION

PROCESS

2 focus on process

3 prevention vs inspection

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© The McGraw-Hill Companies, Inc., 2000 Irwin/McGraw-Hill

Principles of Total Quality

Management 1-11

1 Customer Focus

6 FEEDBACK

5 Fact-based

decision-making5 Fact-based

decision-making

4 employee’s

expertise

4 employee’s

expertise

TRANSFORMATION

PROCESS

2 focus on process

3 prevention vs inspection

TRANSFORMATION

PROCESS

2 focus on process

3 prevention vs inspection

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Categories and Point Values:

Malcolm Baldrige Award 1-12

Business Results - 450 points

Customer Focus - 80 points

& Market Focus

Process Management - 100 points

HRD & Management - 100 points

Leadership - 110 points Information Analysis - 80 points Strategic Planning - 80 points

Total points = 1000

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© The McGraw-Hill Companies, Inc., 2000 Irwin/McGraw-Hill

Competing by Meeting Stakeholders’ Need

 The balanced scorecard

 Meeting customer needs for quality

 Labor force of economy

 Skill deficiencies

 Changes in employment contract

 Employee values

 Legislation and litigation

 Ethical considerations

1-13

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HIGH-PERFORMANCE Work System Challenge

 Change in work roles & skills

 Use of teams

 Change in nature of managerial work

 Change in company structures

 Availability of information on people

 Increased competitiveness

1-14

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© The McGraw-Hill Companies, Inc., 2000 Irwin/McGraw-Hill

Dimensions of

HR Practices

Managing the HR Environment

Acquiring and Preparing HR

Assessing and Developing HR

Compensating HR

COMPETITIVENESS

1-15

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