Human Resource Management – The resource-based approach

The resource-based approach

The fundamental aim of resource-based HR strategy is to develop strategic capability leading to achieve strategic fit between resources and opportunities and obtaining added value from the effective allocation of resources. A resource-based approach will consider methods of increasing the organization's strategic capability by the development of managers and other staff who can think and plan strategically and also understand the key strategic issues.

Human Resources Assignment Help Order Now

Resource-based theory emphasizes that investment made by the firm in people adds to their value in the firm. The long run goal will be to ‘create firms which are more intelligent and flexible than their competitors’. This strategy is therefore concerned with the enhancement of the human or intellectual capital of the organization. ‘Knowledge has become a direct competitive advantage for companies selling ideas and relationships. The challenge to organizations is to ensure that they have the capability to find, assimilate, compensate and retain the talented individuals they need to meet their strategic objectives.

When the external environment is in a state of flux, the firm's own resources and capabilities may be on a much more stable basis on which to define its identity. Hence, a definition of a business in terms of what it is capable of doing may offer a more durable basis for strategy than a definition based upon the needs (eg markets) which the business seeks to satisfy.

Unique talents among employees, including superior performance, productivity, flexibility, innovation, adaptability and the ability to deliver high levels of personal customer service, are ways in which people provide critical ingredients in developing an organization's competitive position. People also provide the key to managing the pivotal interdependencies across functional activities and the important external relationships to deliver delight to customers and clients.

Email Based Assignment Help in Human Resource Management - The resource-based approach

Following are some of the topics in Human Resource Management - Strategic Human Resource management in which we provide help:

Human Resource Assignment Help | Human Resource Management Homework Help | Online Tutoring | Dissertations Help | Business Homework Help

Improve Your Grades with Custom Writing Help
Homework Help
Writing Help
Editing Services
Plagiarism check
Proofreading services
Research Project help
Custom writing services
scanner
E learning blogs

Disclaimer : The study tools and academic assistance/guidance through online tutoring sessions provided by AssignmentHelp.Net is to help and enable students to compete academically. The website does not provide ghostwriting services and has ZERO TOLERANCE towards misuse of the services. In case any user is found misusing our services, the user's account will be immediately terminated.