...RESOURCE MANAGEMENT – MBA MENTOR Human resource management means management of people at work. HRM is the process which binds people with organizations and helps both people and organization to achieve each others goal. Various policies, processes and practices are designed to help both employees and organization’s to achieve their goal. Human resource management is branch of management that deals with people at work, it is concerned with the human dimensions of management of the organization. As organization consists of people, therefore acquiring them, developing their skills, providing them motivation in order to attain higher goal and ensuring that the level of commitment is maintained are the important activities. Human resource constitutes of all the management decisions responsible for relationship between organization and employees. HRM is the field of management which plans, organizes, controls the functions of procurement, development, maintenance and utilization of the work force so that. 1. Organization goals can be accomplished. 2. Objectives of human resources can be accomplished 3. Objectives of society can be accomplished. According to Flippo, Human Resource Management is: "The planning, organizing, directing and controlling of the procurement, development, compensation, integration, maintenance and reproduction of human resources to the end that individual, organizational and societal objectives are accomplished" Human resource management can be...
Words: 1248 - Pages: 5
...businesses with investment management focus in diverse sectors (securities and capital markets, communities’ development and management, manufacturing, Trading, and oil and Gas) with a commitment to contribute to the economy of the country. A highly dynamic, growth oriented, federated organization where daily changes in business interests, processes and key personal is a business norm. Internal regulatory requirements are the presentation of quarterly enterprise performance reports to the shareholders for a portfolio of 5 holding companies, where each holding has several operating companies, investments and joint ventures. A second requirement is the development of monthly performance reports to the boards of the 5 Holdings where strategic decisions are based. External requirements are mainly the exchange of data with financial institutions and prospect partners as needed. A business challenge in aggregating data from diverse systems, highly manual processes and shortage in skilled resources, slow adoption of business processes automation, and minimal internal analysis due to excessive time needed to produce consolidated reports. Budgeting and distribution of capital is managed centrally. Due to the nature of the shareholders, financial information security is fundamental in any process. Industry Trends 1. Enterprises are widely adopting Enterprise performance management systems with focus on planning, budgeting and forecasting; management reporting; and financial...
Words: 4774 - Pages: 20
...Management people in organization The employees or people working towards the achievement of a common goal are the biggest assets of an organization. Managing the people of an organization is known as people management or human resource management. In this context, the main purpose of the report is to talk about the issues related to people management and itself as issues in changing world of business and workplaces. Next segment of the essay attempts to focus on the challenges that are contributing to people management issues in organizations. Afterward, a number of theories have been presented in the discussion that can help dealing with issues related to people management. The essay has illustrated the critical review of people management theories discussing their integration to assist the managers in dealing such issues. In contrast, the way of using these theories by managers to overcome the people management issues also have been delineated in this essay. Before highlighting the issues in relation to people or human resource management, it is necessary to know what people management is and how is it perceived within the organization. It is understood that people are the soul of the organization and success and the failure of then business totally depends on their attitude and performance. Therefore, the very difficult task for a manager or an employer in the organization is managing the people. A manager is supposed to lead, train, inspire and encourage the people working...
Words: 2685 - Pages: 11
...Evolution of management thought and patterns of management analysis. Scientific management school •A theory is simply a blueprint or roadmap that guides towards achieving the goal. In other wards, it provides a systemic framework for actions. •Study of management only dates for the last century, although there has been concerns about effective management practice for over centuries Scientific management school The two earliest pioneers of management theory are: -Robert Own and -Charles Babbage Scientific management school Robert Own (1771 -1858) A British industrialist who valued the organization’s human resources. Scientific management school He advocated ideas such as, - better working condition - meals for employees - reduced working hours He claimed that people deserve more respect and dignity. Scientific management school *Charles Babbage (1792 -1871) An English Mathematician who encouraged the application of mathematics to solve efficiency problems Scientific management school His work put the basic lines of both classical and quantitative management theories. He was also the originator of modern management theory and practice The classical management theory Includes two approaches: Scientific management Classical management Scientific management Concerned with the management of work and workers. it grew from researches of five people: Scientific management *Fredrick W.Taylor(1856 -1915) He was interested in...
Words: 1660 - Pages: 7
...Paper Google is a global international organization that has an innovative management structure. Since the beginning of Google in September 1998 the co-founders Larry Page and Sergety Brin has brought Google into the future and has expanded their organization to more than 20,000 employees. A Google management team embodies the most experienced professionals in the world (Management team). Organizing Google’s business and management teams is a continual effort. To manage Google’s resources requires different management skills. These skills are a process of management organization. Organizing is the gathering of resources needed to achieve the goals that have been developed by the company. Resources for the organization to consider are the human resources, financial resources, knowledge resources, technology resources. A consideration for Google’s management is organizing the delineation of job responsibilities and out-sourcing the resources for those job-related tasks. Google’s management must organize the organizations resources globally before implementing their business plan. Organizing can help with integration of a plan to combine resources to accomplish the company’s goal. Google’s organization is global therefore; they cannot work in a silo. By organizing the functions of management Google is capable of capitalizing on their management team’s experience. Google is not new to knowledge management although knowledge management has changed in the age of the Internet it...
Words: 1095 - Pages: 5
...INTRODUCTION Type of management in which employees at all levels are encouraged to contribute ideas towards identifying and setting organizational-goals, problem solving and other decisions that may directly affect them. It is also called consultative management. Participative management is a part of the broader concept of Employee Involvement. Employee involvement is defined ³as a participative process that uses the entire capacity of employees and is designed to encourage increased commitment to the organizational success´(cited in Robbins 2003). However, participative management is a technique of joint decision making; ³That is, subordinates actually share a significant degree of decision-making power with their immediate superiors´ (Robbins 2003). Participative management increases performance, productivity, job satisfaction and motivation. However there are papers that doubt the efficiency of participative management. ³But there also are situations in which participative management, saying can be time-wasting and counterproductive. It can reduce people’s effectiveness and job satisfaction´ (Herman 1989). Robbins (2003)says that there are dozens of research showing that participation has only a modest influence on productivity, motivation and job satisfaction. But the problem is not in participation itself. Participation is effective if it is done in the right conditions (Robbins 2003) and with the right implications (Juechter 1982). Participative management has clear goals...
Words: 4333 - Pages: 18
...Class through Our Product Categories or From Our Search Bar (http://hwguiders.com/ ) Roles and Functions Paper Today’s health care needs a manager who has understanding of management and the skills needed to manage within the health care environment. This management refers to activities included in planning, organizing, leading and controlling of an organization. The manager must respond and adapt to the changes in an organization required by the needs of the patient population it serves. Managers must be accountable not only in decision-making, but productivity, cost containment, safety, confidentiality, etc. An effective manager must be accountable, create a quality work environment, and understand the value of a diverse workplace as well as other important functions that contribute to effective management. Although the roles of manager vary, all managers in any health care organization or any organization for that matter must manage effectively using the management process, being accountable for themselves and others, using the principles of effective time management, networking, recognizing and supporting the department of intellectual capital and other essentials of successful management. To be able to achieve this, a manager must understand the business environment, and the people that will be involved in these changes, such as employees and other stakeholders that directly or indirectly impact its success. HCS 325 Week 1 Individual Assignment Roles and Functions...
Words: 5897 - Pages: 24
...PERSONNEL MANAGEMENT By P.B.S. KUMAR B.Sc.MA(PM),MA(Ind.Eco.),MBA(HR),BGL,DLL,PGDIRPM A BRIEF NOTES ON HRD IN INDIA STRATEGIC OVERVIEW Human resources can be viewed as the same of knowledge, skills, attitudes, commitment values and the like of people of an organization. Development is acquisition of capabilities that are needed to do the present job, or the future expected job. Human Resource Development is a positive concept in human resource management. The purpose of Human Resource Development is to enhance an employee’s capacity to successfully handle greater responsibilities, through formal or informal means. Any effective HRD programme must satisfy the needs of an organization. To this end, management must outline the needs of the organization and convert them into objectives with a view to formulate a workable programme. The purpose of this chapter is to help the student understand the basic concepts, principles and practices of HRD. INTRODUCTION; People are the real assets of an organization. If treated well, they can take organizations to commanding heights. Two plus two could be four or even ten. Organisation are generally, driven by a set of predetermined goals. They employ physical, financial and human resources in order to achieve the goals. These goals have no meaning unless people understand the underlying philosophy, translate them into concrete action plans and pur ktheir heart while realizing the targets. Organisation, thus depend on people for their...
Words: 2001 - Pages: 9
...Social-Technical Perspective: A solution for Managing Information Overload In my opinion, organizations are likely to find better solutions thru informational overload using technical and social systems. Information overload has an ability to cause negative effects on an organizations performance. Within, technical and social systems there are a collection of complex components that solve problems within that system. Knowledge management uses the combination and utilization of technology at every phase that is available within the organization. Social and technical framework for management of knowledge is an appropriate method than an organization can use to handle problems due to information overload. In using both a social and technical approach within an organization allows an individual to gain the most insight within their performance. The relationship between people and technology does not matter in the process of solving different performance problems within an organization. The technical system is a tool used to identify problems within the organization that affect its performance. It supports the investment of knowledge management throughout the organization and its people. In doing so, this move enhances the technology and people within the organization to be used as interface models, and IT blueprints to ensure technology is implemented. (Liu & Errey, 2006) Conducting of business is at its present day of age within information technology. Within, the work...
Words: 1134 - Pages: 5
...'scientific management' and comment on its applicability in contemporary organizations (You might select a particular industry or occupational area for this analysis). Scientific management is involved with rationalization and labor-control methods whereby production systems will involve both people and machines in order to improve efficiency. In most countries, the natural resources are seen to vanish with no action being taken against people responsible for depleting these resources. Most people argue that they lack professionals who can handle such instances well. Why should a whole nation wait for someone to emerge from nowhere and take control of their resources while they can manage it themselves? Past ideologies that people could become managers and leaders by nature and not through nurture should be dealt away with since every individual has the capacity of leading or managing others, the only requirement is trust, courage and faith in oneself. In comparison to a nation that is structured by scientific management, who conserves its resources and achieves good national efficiency in terms of labor and production, to one that does not, the latter suffers great loss through many inefficiencies occurring day in day out. Every individual has the responsibility to ensure that the nation’s resources are well managed by taking part in various management practices. According to Taylor, scientific management principles are applicable in all human related activities thus, people should...
Words: 1792 - Pages: 8
...theories and methods from other disciplines, identify these disciplines and discuss how they cotribute to organisational behaviour… LECTURER: Maneka Moyo DATE OF SUBMISSION: 15th februar 2014 Introduction; An organization is a collection of people who work together to achieve a wide variety of goals, both goals of the organization and goals of the various individuals in the organization. Organizations exist to provide services and goods that people want. These goods and services are the products of the behaviors of workers. Organizational behavior usually known as ‘OB’ is the study of the many factors that have an impact on how individuals and groups respond to and act in organizations and how organizations manage their environments. Organization is somewhat defined as “Organisations comprise two or more people engaged in a systematic and coordinated effort, persistently over a period of time, in pursuit of goals which convert resources into goods and/or services which are needed by consumers” such definition implies the organization exists with the presence of people consists of diverse cultures, character, perception, intelligence and abilities this necessitate a manager to understand behavioral trends of various people in organization So to achieve the organizational goals it stimulate specific goals, objectives and achieve within an optimal performance of workers, Manager’s knowledge of OB may find it useful to explore ways of stimulating fruitful behaviors...
Words: 1820 - Pages: 8
...THE EVOLUTION OF MANAGEMENT THOUGHT Second Edition DANIEL A. WREN The University of Oklahoma JOHN WILEY AND SONS New York • Chichester • Brisbane • Toronto CONTENTS PART ONE EARLY MANAGEMENT THOUGHT A PROLOGUE TO THE PAST 3 A Cultural Framework: The Economic Facet. The Social Facet. The Political Facet. P eople, Management, and Organizations: The Human Being. Organizations and Management. MANAGEMENT BEFORE INDUSTRIALIZATION 15 Management in Early Civilizations: The Near East. The Far East. Egypt. The Hebrews. Greece. Rome. The Catholic Church. Feudalism and the Middle Ages. The Revival of Commerce. T he Cultural Rebirth: The Protestant Ethic. A Criticism of the Weberian Thesis. Modern Support for Weber. The Liberty Ethic. The Market Ethic. THE INDUSTRIAL REVOLUTION: PROBLEMS AND PERSPECTIVE The Industrial Revolution in England: The Age of Machines. Management: the Fourth Factor of Production. M anagement Problems in the Early Factory: The Search for Managerial Talent. The Labor Problem. The Shortage of Skilled Labor. Training. Discipline and Motivation. Management Functions in the Early 42 Xll CONTENTS Factory. Cultural Consequences of the Industrial Revolution: The Condition of the Worker. Child and Female Labor. MANAGEMENT PIONEERS IN THE FACTORY SYSTEM Robert Owen: The Search for a New Harmony: Early Managerial Experiences. The Call for Reform. Charles Babbage: The Irascible Genius: The First Computer....
Words: 1240 - Pages: 5
...Knowledge Management Student’s Name Institution Table of Contents 1.0 Question 1: What is Knowledge Management? 3 1.1 Part (a) 3 1.2 Part (b) 5 1.3 Part (c) 6 2.0 Question 2: Knowledge Management Tools and Techniques 7 2.1 Part (a) 7 2.2 Part (b) 9 3.0 References 12 1.0 Question 1: What is Knowledge Management? 1.1 Part (a) The definition by Wiig (2004) is objectified and externalized in the sense that it does view knowledge management as a collective responsibility. According to the definition, knowledge is considered as an asset of an enterprise and as to such; there is no special emphasis on the knowledge held by a single individual. Instead, knowledge is managed for the collective benefit of an enterprise. On the contrary, the definition by Corso et al. (2006, p.210) portrays knowledge management to be subjective and personal. The definition lays focus on the creation of an environment for knowledge acquisition and sharing. It therefore implies that it is upon an individual to utilize the environment to learn or gain knowledge. Moreover, the definition by Wiig (2004) is more relevant to practice as it encourages the building, renewal and application of knowledge in order to make an enterprise to benefit from its intellectual and knowledge assets. The argument here is that according to the definition, knowledge should be applied or put to practice. In the same respect, the definition by Corso et al. (2006, p.210) is more theory-oriented. It is more...
Words: 2851 - Pages: 12
...Strategic Management of Human Resources Section A: (Take around 15 minutes to answer each question, 1 or max 1.5 pages for each question) 1. What do we mean by the terms ‘Best fit’ and ‘Best practice’ to describe SHRM (Strategic Human Resource Management). Which is better? Use any short case examples to illustrate your discussion? Answer: By Definition ‘SHRMis that approach of HRM that refers that how all the aims and the objectives of the organization can be achieved through the people of the organization itself. It is a very critical approach of HRM. These objectives are realized by the employees of the organization, where each employee is given some objectives to achieve. Through this the employee also showcases his performance and thus grows.’ Two approaches of SHRM are: 1) Best Fit 2) Best Practice Discussing both here below, Best Fit Approach: takes into consideration all the circumstances that the organization is facing and hence create a best fit of strategies to best solve the problems. These circumstances that the approach takes into account could be internal as well as external to the organization. The people working in the organization become the center to the approach and it is these people that help is sort out the circumstances. The strategies thus developed under this approach focuses on the needs of the organization and the people. This approach is said to be important and one of the best practices because it keeps into consideration the...
Words: 9120 - Pages: 37
...zHISTORICAL OVERVIEW OF MANAGEMENT Major objective of treating “Management Theory and Practice” in a concise, interesting, and understandable manner will be to present management history and theory with an emphasis on the future. Most students will be applying the concepts learned here over a period of next many years. Another objective shall be to identify several areas where management concepts are applicable to the personal and professional goal-setting and also to apply the management skills to the challenge of managing the most difficult peer or subordinate – the one that may confront you in the mirror each morning in your professional career. In any treatment of a basic subject like this, there is little that the resource/anchor person can claim to be uniquely his own except his/her tacit knowledge and the presentation style. The write-ups from chapters of recommended text books for this course has also been included and are highly acknowledged. The Intellectual Heritage of Management: Organized endeavors directed by people responsible for planning, organizing, leading, and controlling activities have existed for thousands of years. The Egyptian pyramids and the Great Wall of China, for instance, are tangible evidence that projects of tremendous scope, employing tens of thousands of people, were undertaken well before modern times. The pyramids are a particularly interesting example. The construction of a single pyramid occupied more than 100,000 workers...
Words: 5595 - Pages: 23
