Reference no: EM131177225
Strategic Frameworks
The concept of competitive advantage was originally set forth in the work of Michael Porter more than a quarter of a century ago. He argued that an organization's competitive advantage was created by the value the organization could create for customers. Porter points out that this value was achieved by outperforming competitors in distinctive ways, utilizing what he termed the "Five Forces." Porter also suggested there were generic strategies in the areas of focus, quality, and cost leadership, which also could be used to gain a competitive advantage.
Consider how these different frameworks influence strategic HRM policies and practices, which provide the organization with an opportunity to increase organizational performance and achieve a competitive advantage. In addition, reflect on how HR professionals utilize these frameworks as a way to increase their value as a strategic partner.
· How does using a framework such as resource-based view (RBV) or Porter's Five Forces enable an organization to achieve a competitive advantage, by implementing strategic HRM practices throughout the organization?
· Argue which framework you think is most important for HR professionals to employ: RBV, Porter's Five Forces, or another strategic HRM framework of your choice based on your research this week.
Article: Porter, M. E. (2008). The five competitive forces that shape strategy. Harvard Business Review, 86(1), 78-93.
|
Equivalent resistance between the terminals a and b
: Find the equivalent resistance between the terminals a and b for the figure shown below.
|
|
What is the importance of budgets for organizations
: What is the importance of budgets for organizations in today's global economy? What budgetary skills do you need to possess to be an effective manager and what will you do to improve those skills?
|
|
What does fomc stand for
: What does FOMC stand for? What does it do as far as monetary policy? How is the FOMC formed?
|
|
Build a binary search tree for the given words
: Build a binary search tree for the words oenology, phrenology, campanology, ornithology, ichthyology, limnology, alchemy, and astrology using alphabetical order.
|
|
How does using a framework enable an organization
: How does using a framework such as resource-based view (RBV) or Porter's Five Forces enable an organization to achieve a competitive advantage, by implementing strategic HRM practices throughout the organization?
|
|
How many comparisons are needed to locate words
: How many comparisons are needed to locate or to add each of the words in the search tree for Exercise 2, starting fresh each time?
|
|
Neo-mercantilist approach to trade
: Would China be considered as pursuing economic policies that resemble a Neo-mercantilist approach to trade? Explain the theoretical and practical relevance of the question within context of the trade theories
|
|
Discuss the basic models of the firm
: Discuss the basic models of the firm and for each model, clearly highlight its assumptions and limitations.
|
|
Describe what business the organization is currently in
: Describe what business(es) the organization is currently in, laying a foundation for the paper. What are the organization's main strengths, weaknesses, opportunities, and threats (SWOT), based on its current status?
|