Strategic Approach to the Management-Free-Samples for Students

Question: Discuss about the Human resource management is the strategic and coherent approach to the management of an organizations most valued assets. Answer: Human resource management is the strategic and coherent approach to the management of an organizations most valued assets. Human resource management of any organization is associated with managing people of the organization. It is considered to be one of the most crucial functions of the business owing to the fact that people of any organization form the backbone of the business (Hendry, 2012). The term strategic in my opinion refers to the long term association of the subject. Human resource management of any business keeps the long term interests in mind while managing the most valued assets of the business. A Coherent HRM refers to the logical and rational management of human resources. This is imperative for any business in order to effectively manage employees. Therefore, I am in complete agreement with the essay topic which states that human resource management is the strategic and coherent approach to the management of an organizations most valued assets. This essay throws light on various examples depicting the importance of the human resources of any business as well as how different HRM functio ns of different organizations manage this resource. Human resource management begins at recruiting the right set of employees for the right role and at the right time in any business (Chaneta, 2014). Hence employees enable businesses to function effectively and accomplish organizational goals. These right set of the employees are the ones who are working towards fulfilling different roles in the business. It is owing to these employees that the smallest of the business processes are accomplished in an effective manner. People of the business form the business. The idea of any business begins with a person and grows into a team of people. Therefore people are those founding stones for the success of any business (Drucker, 2014). There are various businesses like the Apple Inc. that started in a garage with a dearth of money and technology, however, it was just the spirit of the people behind the organization that has made it into a multibillion-dollar firm that is ruling the technology industry. One important role played by employees is of creating the work culture of the business. This business environment plays a very important role in ensuring how organizational goals are met. Work culture creates trust, respect, and communication (Hogan Coote, 2014). Human resource management leads to strategic management of these employees and this helps in building a positive culture across the business. Organizations like Value Corp. have a flat structure. On the other hand, organizations like The Deccan have a hierarchical structure. This structure greatly impacts the culture followed throughout the business. Since this structure and culture are both defined by the people of the business, they are undoubtedly one of the most important resources for a business. Technology advancement is evident across all the businesses. Various manpower is getting replaced by machines. However, it is important to understand that the dependency between humans and the technology operated in a two-way street. Given the increasing use of technology, people largely find themselves dependent on various forms of technology. Businesses have become more efficient and competitive with the effective use of technology. But the dependence of technology upon the people operating it is irreplaceable. It is nave to presume that Google, one of the worlds most technologically advanced firm can function without people. Employees operate technology and we have yet not reached the stage where businesses can be solely run by technology alone. Most businesses begin with the aim of creating a profit. They exist because they cater to some need and fulfill some gap that exists within consumers today. It is the employees of the business that articulate goals of the business. They understand consumer needs and work towards filling that gap (Ross, 2015). Without employees, it would be impossible to gauge the need that exists in the market and hence the goal of the business becomes vague. Therefore managing employees also lead to better understanding of consumer needs and hence improved growth of the business. For the establishment and the continued growth of the business, money plays a vital role. Without sufficient finances, it is highly difficult for a business to fulfill its basic processes. This is why management of this money or financial management forms a crucial part of any organization. However, it is the employees of the business who work towards arranging, managing and earning more money through and for the business that they are associated with. Hence, it is safe to conclude that employee management or human resource management of any business also results in better financial management and financial risk assessment for the business (Armstrong Taylor, 2014). Human resource management also associates itself working towards retaining employees and ensuring their long-term tenure in the business. This process is strategic as well as coherent in nature as it involves aligning employees goals with those of the organization. This further proves the topic. Hence human resource management regards to the management of the most valuable assets of the business. There are various leading businesses that require cognitive skills, creativity, hard work and effective articulation of data. With the increasing number of businesses, the number of competent people required for every business also rises. This role cannot be fulfilled by any other resource of the business. Hence effective employee management also means that the competent employees of the business will continue to move the business in the direction of growth and innovation (Sparrow, Brewster Chung, 2016). Besides money, technology, and infrastructure, other aspects of the business like knowledge, ideation, and creativity of the employees also compose an important resource for the business. In conclusion, it is fair to say that even though the employees or the human resources of any business form the most important part of the business. Employees are undoubtedly the most valued assets of any organization. For employees to be able to run the business and lead it to the pinnacle of success, other resources are required as a mere support system. This includes technology, infrastructure, finances as well as intellectual. However, the ultimate goal of these resources is to assist the people of the business to run the organization in an efficient manner (Foster, 2014). Therefore, it is absolutely alright to say that human resource management is the strategic and coherent function of managing the most valued assets of any business. It is these people who introduce the idea of a business, who manage the finances, who run the technology, who reach out to consumers and who generate revenue and grow the business in the longer run. Therefore, for the growth and success of any busin ess, it is imperative to value the most important resources, the people associated with the business References Armstrong, M. and Taylor, S., 2014.Armstrong's handbook of human resource management practice. Page 556. United Kingdom. Kogan Page Publishers. Chaneta, I., 2014. Recruitment and selection.International Journal of Management, IT and Engineering,4(2), p.289. Drucker, P., 2014.Innovation and entrepreneurship. Page 166. United Kingdom. Routledge. Foster, E.C., 2014. Human resource management. InSoftware Engineering(pp. 253-269). Apress, Berkeley, CA. Hendry, C., 2012.Human resource management. India. Routledge. Hogan, S.J. and Coote, L.V., 2014. Organizational culture, innovation, and performance: A test of Schein's model.Journal of Business Research,67(8), pp.1609-1621. Ross, P.F., 2015. Understanding customer needs.Statistical Journal of the IAOS,31(2), pp.291-295. Sparrow, P., Brewster, C. and Chung, C., 2016.Globalizing human resource management. Page 228. United Kingdom. Routledge.