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Value Initiatives Improving Performance in the Workplace (Paperback)
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Value Initiatives Improving Performance in the Workplace (Paperback)
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Research Paper from the year 2004 in the subject Business economics
- Business Management, Corporate Governance, University of Phoenix,
47 entries in the bibliography, language: English, comment: Double
spaced, abstract: Today's hyper-competitive world necessitates that
businesses continuously take strategic actions to sustain highly
competitive performance. It is these actions, which lead to the
competitive advantages that seal a company's fate. Without even a
small competitive advantage on their side, businesses are doomed to
stumble and eventually be left along the wayside of their industry.
A globalized economy has opened new doors of opportunity for
organizations; that is certain. Customers can now be solicited
around the globe. Thanks to technology, communication that once
took days, if not weeks, to transact now can be accomplished
instantaneously. Geographic and cultural boundaries have begun to
become invisible as a world economy develops. However, just as
there are new opportunities to be taken advantage of, new threats
have arisen as well. In the rapidly changing environment that
organizations now must operate in, traditional human resources
approaches have become of less value. Strategic human resource
systems are now receiving renewed attention, as a means of building
and strengthening business (Chiavenato, 2001). Human resources have
become increasingly important in today's organizational strategies,
especially in the improvement of individual competencies. Although
there is a variety of ways an organization can pursue sustainable
competitive advantage, this paper will frame its discussion within
the context of Human Resource Management (HRM) strategies, in the
form of value initiatives directed at the improvement of individual
performance. In this context, value initiatives are only a positive
addition to an organization's strategic arsenal, when they improve
the performance of the individual members. They are worth the
effort only when they
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