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Write 8 pages with APA style on Strategic Positioning of HRM in the Knowledge Based Economy.
Write 8 pages with APA style on Strategic Positioning of HRM in the Knowledge Based Economy. In this regard, this essay aims to proffer the strategic positioning of human resources management (HRM) in the knowledge-based economy. The topic would investigate the strategic linkage and interface between strategic HRM and knowledge management. An exploration of how HRM facilitates knowledge sharing in the so-called learning organizations would likewise be determined.
Human resources management as a field of endeavor involved in recruiting, motivating, maintaining, and focusing on the personal and professional development of people in terms of honing specific skills, knowledge, competencies, needs, and preferences in concurrence with the attainment of personal, organizational and societal objectives (Martires, 2004, 6). Human resources management deals only with people so that they can manage the other resources within their domain of responsibilities efficiently and effectively.
Corporate strategy, on the other hand, is a clear and concise structural guide for decision making taking into account the mission, vision, and values of the company and uses these to direct the course of the firm’s day to day activities (Mitzberg, Quinn & Goshal, 1999, 51). An organization’s corporate strategy encompasses management’s comprehensive and holistic approach towards the attainment of well-defined goals (Glueck, 1980, 9. Mintzberg, 1999, 13). Accordingly, strategies serve as a guide for organizations to detail how goals are to be achieved with the use of various resources of the company.
For a corporate strategy to be classified as strategic, especially in the aspect of human resources management, Boxall & Purcell (2003) averred that the company’s personnel, as the most important resource of the organization, is identified to design and implement measures to successfully compete within the industry after evaluating both the internal and external environment. The link between strategy and human resources management focuses on the impact of personnel towards the achievement of organizational goals.
