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Globalization and strategic importance of human resource management (HRM): Activities for the organization's development and economy


Mahamoud, Amina Omar (2007) Globalization and strategic importance of human resource management (HRM): Activities for the organization's development and economy. In: International Economic Conference on Trade and Industry (IECTI) 2007, 3 - 5 December 2007, Bayview Hotel Georgetown, Penang. (Unpublished)

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Abstract

In today’s intensely competitive and global marketplace, maintaining a competitive advantage is required, competitive advantage does not lies only product and services differentiation or cost leadership but in also being able to tap the company’s core competencies and rapidly respond to customer’s needs and competitor’s moves. HR management can play a role in environmental scanning, such as analyzing external environment and as well the movements of the competitors, HR also participates in the strategy formulation for internal environment, of the company by doing so HR managers become strategic partners in business operations play prospective roles rather than being passive administrators reacting to the requirements of other business functions. Globalization is like a rain no one can stop it, many countries are signing Free Trade Agreements with each other, employees are being told to be the best and find better ways of increasing productivity or having the company close down because of its inability to compete with other in the same business, to strengthen their position in the market place; many companies are merging with their rivals or acquiring new business. HR managers become strategic partners in business operations, playing prospective roles rather than being passive administrators reacting to the requirements of other business functions.

Item Type: Conference or Workshop Item (Paper)
Additional Information: Organized by Faculty of Economics, Universiti Utara Malaysia
Uncontrolled Keywords: HRM, strategic management, organizational development, and globalization
Subjects: H Social Sciences > HD Industries. Land use. Labor
Divisions: College of Arts and Sciences
Depositing User: Mrs. Juwita Johari
Date Deposited: 14 Feb 2011 06:53
Last Modified: 14 Feb 2011 08:22
URI: http://repo.uum.edu.my/id/eprint/2353

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