Describe the Human Resource Development (Hrd) Process and...

Free trade agreement among countries and the aid of advance technology made economic globalization becoming threats and opportunites for some organizations. Moreover, rapid changes and improvement in the products and services is inevitable in the competitive and demanding business arena. Many organizations know the recipe to stay competitive. However, only some succeeded and a few excel from the others. One of the key factors to become a successful organization is to attracting talents and investment in human capital. In a speech by Lee, Y.S (2007) he mentioned that an Economist’s article survey showed that attracting and retaining talent is the number one priority. Many organizations having realized that, in order to be ahead of their†¦show more content†¦Rao, T.V (1996, p.25) defined the process deals with competency development in people and creation of condition to help people apply these competencies for their own and for that of others. To have the desire result from the training and development, management has to design suitable programs that fit the organization business strategic objectivities. The human resource professional must have a systematic approach to the training and development, (Stone 2005, p.337). The four phase of process approach mention by Werner, J.M and DeSimone, R.L. (2006, p.27) in human resource development are: Assessment, Design, Implementation, and Evaluation. Assessment Assessment is important when comes to human resource development process. It helps to achieve the organization goals effectively and equip the employees with the necessary skill to perform the task. Werner, J.M and DeSimone, R.L (2006, p.28) pointed out that to identify the requirement, it involved examining the organization, the environment, job task, and employee performance. Examining the culture will help the human resource professionals identify what are the organization business objectives. The environment assessment allows them to spot what are the internal and external influences that will have impact on the business goals. The assessment can be determined through the internal and external environment factors. According to Steward,Show MoreRelatedmiss Haleema1043 Words   |  5 Pages791  Words 4  Pages Describe the Human Resource Development (Hrd) Process and Critically Examine How Hrd Programmes Can Help Organisations and Its Employees to Remain Competitive in Their Business. Free trade agreement among countries and the aid of advance technology made economic globalization becoming threats and opportunites for some organizations. Moreover, rapid changes and improvement in the products and services is inevitable in the competitive and demanding business arena. Many organi Read MorePersonal Learning Paper in Ob5452 Words   |  22 PagesCHAPTER V HRD TOOLS AND TECHNIQUES[1] Though a good number of HRD facilitations have a good knowledge of HRD, its systems and processes, they are not equipped with the development tools and techniques to implement HRD. This chapter briefly lists and explains various development tools and techniques that can be used in the HRD function. Each of the tool can be adopted to the specific need of the organisation to achieve desired HRD results. A. BRIEF NOTES 1. 360 DEGREE FEEDBACK: It is a developmentRead MorePerformance Appraisal17716 Words   |  71 PagesSpecially Uploaded for ProjectsParadise.com INDEX SR.NO 1. 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Change 3. Planned Change 5. Unplanned Change 2. 4. 6. Stimulating Forces Change Agents Lewin’s Three Step Model The change means the alteration of status quo or making things different. It may refer to any alteration which occurs in the overall work environment of an organizationRead MoreTravel and Tourism Administration Program Structure20692 Words   |  83 PagesSystems 3 3 10 TOU 106 – Fares Ticketing II 3 3 11 TOU 108 – General Travel Knowledge II 3 3 12 ENG 122 – The Technique of Writing and Advanced Language Studies 3 3 13 BUS 102- Introduction to Business Electives: One of the following three 3 3 14 HUM 202 – Business Psychology 3 3 15 FRE 122 – French (Beginners) 16 GER 122 – German (Beginners) TOTAL 18hrs 18cr SEMESTER THREE Compulsory subjects: 17 TOU 215 – Travel and Tourism ManagementRead MoreArticle: Performance Appraisal and Performance Management35812 Words   |  144 PagesIOSR Journal of Business and Management (IOSRJBM) ISSN: 2278-487X Volume 3, Issue 5 (Sep,-Oct. 2012), PP 01-06 www.iosrjournals.org From Performance Appraisal to Performance Management 1 Ms. Leena Toppo, 2Dr. (Mrs.) Twinkle Prusty 1,2 (Faculty of Commerce, Banaras Hindu University, INDIA) ABSTRACT: Performance appraisal and performance management were one of the emerging issues since last decade. Many organizations have shifted from employee’s performance appraisal system to employee’s

Sample Management Accounting Report - 1346 Words

TABLE OF CONTENTS CONTENTS PAGE Abstract 2 1.0 Introduction 3 2.0 Analysis of the results 4 2.1 Allocation and Apportionment 2.2 Overhead Absorption Rates 2.3 Cost Determination 2.4 Pricing for Potential Orders 2.5 Profit Analysis 2.6 Sensitivity Analysis 2.6.1 Scenario 1: Increase/Decrease in†¦show more content†¦Therefore, the total profits forecasted would be RM 7 217.01. Surgical Gloves is stated to have made the most profit which is 40% of the total compared to Industrial/Household Gloves which stated to make the lowest of the total profits which is 26%. 2.6 Sensitivity Analysis The sensitivity analysis shows how the changes in Direct Materials, Direct Labour and Profits would affect the overall price computation and the total profits. The changes are derived and shown in Appendix 3. 2.6.1 Scenario 1: Increase/Decrease of Direct Materials A revised quotation produced by adding an extra 10% to the cost of direct materials. 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Lego in China Free Essays

3. ECONOMIC China has several factors that contribute in strengthening their economic position. One of the contributors is their government policy. We will write a custom essay sample on Lego in China or any similar topic only for you Order Now ‘Chinese government has stressed the importance of develop IT sector to the whole economic development of the country, with considerable commitments to massive investments in infrastructure positive effects of IT on its economic development’ stated by (Li, n. d. ). With more advanced IT departments, China is able to attract more investments from foreigners. Not only that, China also created flexible investors policies. With developed IT structure and a supporting policy, Lego will have no trouble penetrating China’s market. China was known as the most populated place on Earth, hence creating a high demand for products available in market. This will keep the market activity going, given that there is enough supply for everyone. Hoshiko (2011) demonstrated that ‘Cheap labor rates are the keystone to the Chinese economic boom’. With a population above 1. 2 billion, labor isn’t one of their main concerns. With low cost of labor, production cost will also drop, this enable them to produce inexpensive goods. If Lego decided to enter China’s market, they will also gain this advantage; they’ll be able to produce their products at a lower cost. Bradsher (2012) has written that ‘China’s exports to all countries rose 9. 9 percent in September from a year earlier, led by especially strong exports to Southeast Asia’. All of these factors in the end helps China’s economic activity, and making it more appealing for investors to come in and plant their money inside of China. The government said Tuesday that it planned to nurture as many as 50 state-owned enterprises to become globally competitive companies while maintaining control of companies engaged in key industries’ (Anon. , 2006). We can see what the government is doing here, they are trying to nurture their companies to complete globally, and giving less concern in internal competition. But g lobal companies have started coming in and practiced the same thing too. Lego may do the same as well; it will give them a new experience curve to see how they should run their business in China. Even though the specific strategy might not be the same in any other country, but Lego will be able to realize what are the steps and actions needed to succeed in foreign areas. Knudstorp (2012) as cited in Hansegard (2012) ‘We’re seeing growth in most Asian markets ‘. Recent findings have found that Lego’s sales have been increasing in Asian countries, why? ‘Disposable incomes in China have been growing faster than GDP growth, making toys more affordable for parents and children. ’ (Anon. , 2012). Take as an example China; the people have more disposable income to be spent on their children. Moreover due to the baby-boomer the generation of China, there are a lot of parents now, and now with China’s one child Policy parents are more willing to spend for their loved ones. 4. CULTURE Chinese culture is not as interchangeable, the people held on to it and still respects it as we speaking, and they respect relationship, ranking and protocols. Saying ‘no’ isn’t as easy as it looks like in the Chinese culture, because they believe to deny someone would cause both parties to be embarrassed causing a loss of face. Kjerulf (2010) ‘The Culture in Denmark tends towards the individualistic rather than collective and is very feminine’. We can see there is a difference between Lego and the Chinese culture. We can directly tell, Chinese people are higher in power distance; they call others by their title and last name. Also the Chinese are very more likely to be collectivist, actions that they decided are for the greater good of their people. Lego is very flexible in case of their products itself by having a lot of product lines. With a lot of movie based product lines, such as Indiana Jones, Lego is able to market and alternate their products according to other cultural preference. We found a difference in between China’s Lego official website with the other such as US, Lego in China had excluded the Monster Fighters edition. This can be understood, judging that Chinese people are not that keen on all these western monster theme and Halloween. So Lego figured they would rather not produce this product line, and focus on the others. If Lego had made an investment in Xiamen China, there should not be any problem. To begin with the Chinese people are more uptight towards ranking, and collectivist. While the employer has more of a flexible style, which gives the employees a new working experience and probably a better one. Reference: Home Www1. american. edu (2002) Home. [online] Available at: http://www1. american. edu/initeb/fl9577a/IT%20S;W. htm [Accessed: 5 Nov 2012]. China’s Strengths and Weaknesses 101 | Center for American Progress Americanprogress. org (2011) China’s Strengths and Weaknesses 101 | Center for American Progress. [online] Available at: http://www. americanprogress. org/issues/china/report/2011/02/08/9074/chinas-strengths-and-weaknesses-101/ [Accessed: 5 Nov 2012]. China Exports Rise, Hinting at a Glimmer of a Revival – NYTimes. com BRADSHER, K. 2012) China Exports Rise, Hinting at a Glimmer of a Revival – NYTimes. com. [online] Available at: http://www. nytimes. com/2012/10/14/business/global/china-exports-rise-hinting-at-a-glimmer-of-revival. html? _r=0 [Accessed: 7 Nov 2012]. China to nurture companies for global competition – Business – International Herald Tribune – The New York Times Nytimes. com (2006) China to nurture compani es for global competition – Business – International Herald Tribune – The New York Times. [online] Available at: http://www. nytimes. com/2006/12/19/business/worldbusiness/19iht-nurture. 3951635. tml [Accessed: 7 Nov 2012]. Lego Chief Sees Weak – WSJ. com Online. wsj. com (2012) Lego Chief Sees Weak – WSJ. com. [online] Available at: http://online. wsj. com/article/SB10000872396390444914904577622962273573438. html [Accessed: 7 Nov 2012]. Toys and Games Market Research, Analysis, and Commentary Blog. euromonitor. com (2012) Toys and Games Market Research, Analysis, and Commentary. [online] Available at: http://blog. euromonitor. com/toys-and-games/ [Accessed: 7 Nov 2012]. Business Communication Styles in China and Successful Communication with Chinese Businesses and Colleagues :: World Business Culture How to cite Lego in China, Essay examples