Friday, February 14, 2020

HRM, Strategy and Performance Essay Example | Topics and Well Written Essays - 2750 words

HRM, Strategy and Performance - Essay Example inciples, the term personnel management do not reflects the entire functions of the personnel department and name personnel management changed to human resource management at present. Globalization and liberalization brought many changes in the business world and internationalization of business through outsourcing and offshoring are common nowadays. In any case, it is a fact that the interaction between employees of different culture has increased a lot in the current business word. Most of the big organizations are currently keen in keeping a diverse workforce in their workplaces because of different reasons. Managing a diverse workforce at the workplace is a complex task because of the huge differences in the requirements of the diverse employees. The performance of an organization depends heavily on the success of managing the employees at the workplace. In short, human resource management can make or break an organization. This paper briefly analyses the HRM topics in general and the topics related to HRM like the meaning of HRM, business and corporate strategies, stakeholders, corporate responsibility and diversity, international and comparative HRM, HRM an d Performance etc in particular. Human Resource Management or HRM can be defined in simple words as the process of employing people, developing their capacities, utilizing, maintaining and compensating their services in tune with the job and organizational requirement. HRM’s responsibility include hiring of the people, developing their resources through training, utilizing them by placing them in appropriate places and sustaining their services with respect to needs of the organization. In other words, HRM has two important functions; one with respect to the organizational needs and the other related to the individual needs of the employees. In short, HR department acts as the bridge between the organization and the employees. The needs of the organization and the needs of the employees may not go in

Saturday, February 1, 2020

The Export-Led Growth Model Essay Example | Topics and Well Written Essays - 1750 words

The Export-Led Growth Model - Essay Example China’s model is rooted in the double transition of demographic and structural transformation. China economy has tremendously managed the double-digit growth rates from the period when it began economic transformation. This enabled the country to move from a planned to a mixed economy where the market plays the significant roles in resource allocation. Thus, despite the political, social and economic problems associated with the rapid growth in China economies, export-led growth has tremendously enabled China to increase their profitability levels, balance their finances, exceed their debts and trigger their export growth rate.Export-led growth model have been successful in many economies that employ this model for creating economic transformation. The export-led model is significant because it has enabled many economies to increase their profitability levels, balance their finances and exceed their debts. China has benefited from the export-led model since they started using it because this model has enabled them to increase their profitability levels. China was ranked the second largest economies that have emerged and improved in terms of economic performance in the global market. This model has not only enabled them to increase their profitability level but also to balance their finances; thus enabling China to emerge as the successful economies in Asian markets.It has also triggered export growth rate in the China market; thus creating higher export levels.... This model has not only enabled them to increase their profitability level but also to balance their finances; thus enabling China to emerge as the successful economies in Asian markets. It has also triggered export growth rate in the China market; thus creating higher export levels in a rising spiral cycle. For instance, the GDP (Gross Domestic Products) in China market expanded by 2%, in the year 2012 and indicated in figure 1 below. Historically, the GDP average rate was 2.06% from 2011 and the record indicated the 1.50 % low in 2012 as indicated in figure1 below. China is one of the second economies after the United States that has improved their export rate in the global market. China has varied industries that export multiple products to diverse countries across the globe. The rise of population growth rate has enabled them to improve their economic performance because of rich markets because of both rich markets both in the domestic and the international markets. For instance, the National Bureau of Statistics of China reveals that the GDP for the China economy was 51,932.2 billion in the year 2012; thus contributing to economic expansion of 7.9 percent. Figure 1: GDP Growth Rate in China markets The implementation model of export-led growth has significantly contributed to increased rapid growth in the China markets. For the last three decades, China economy has grown to the average rates, which exceed 9%; thus, it is widely admired by other nations (Razmi 2008, p. 1). Furthermore, the growth has been accompanied by the reduction levels in poverty; thus enabling the China market to be ranked among the leading and emerging economies in the Asian nations. However, the trajectory of rapid growth in China has created political, social made