HRM1 Essay Example | Topics and Well Written Essays - 1250 words

HRM1 - Essay Example The human resources comprising the firm, has in recent years become strategic to decision-making in a strong way. Strategic Human Resource Management (HRM) researchers have devoted considerable effort toward demonstrating that the ways that people are managed, particularly through HR practices, have strong empirical relationships with organizational performance.(Huselid, 2005) The theory of close relationship between HRM and economic success has grown significantly in the last fifteen years. This theoretical progress can be seen in two different arenas: meta-theories describing broad rationales for why HRM and economic success should be linked, and middle level process theories describing how this linkage takes place. The firm's strategy determines the design of the HR system. The HR system impacts the employee skills and motivation, which in turn results in creativity, productivity and discretionary behavior. And, employees' behavior influences the firms operating performance, which leads to profitability, growth and market value. (Wright & Haggerty ) The development of the meta-theory which emphasizes the new process theory of the relationship between HRM and economic success reveals the current trend to identify some of the key variables which are indicators of this relationship. This includes the consideration of three important concepts: time, cause and individuals in the determination of the relationship of HRM with the economic success in the functioning and the operation of the SME's in this era pf globalization. The experience of working in advanced and growing economy of Australia, and the developing economy of Vietnam can be good background for initiating a developmental and strategic plan for the focus of the expansion in China which is the fastest growing developing economy in Asia. Meta theories such as the resource based view indirectly consider time, usually suggesting that competitive advantages stemming from HRM evolve over long periods of time. In which time comes into play with regard to "sustainable" competitive advantages as suggested by Barney (1990) suggesting that the concept requires an advantage that is held over time, it is important to specify both the amount of time and the process through which this evolution occurs to really understand the impact of these practices on the economic success. Another very significant consequence is the relationship between which explores the causal relationship between HRM and the economic success as the temporal precedence serves as a precondition to inferring cause. They propose three criteria for the inferring cause: co variation between the resumed cause and effect, the temporal precedence of the cause, and the ability to control or rule out alternative explanations for a possible cause and effect connection. The final area of the future theoretical attention emerges from the role played by the individuals adding complexity to the phenomena within models of the relationship between HRM and economic success. This considers the emphasis on the different levels of analysis tension inherent in research on people in organization. At the organization and the unit level, theories seek to explain how variation in one level variable relates to variation in

Management Information Systems Project Research Paper

Management Information Systems Project - Research Paper Example The dot.com bubble was a cycle that emerged in form of nuttiness. Although the dot.com bubble was a new bust, it was not the first bubble to come up. This is because there was the CD-ROM bubble that was in existence. This CD-ROM bubble was from the companies like the bill gate’s company by the name â€Å"information at your fingertips†. This company was among the companies that were the watchword of the world. Another example of a company that was with the CD-ROM bubble is the Microsoft home (Preissl, Bouwman & Steinfield, 2004). The chief reason for the upcoming of the dot.com was to offer an e- commerce service to the computer internet users. The bubble was basically for the marketing in the internet to the potential client. The dot.com bubble aimed at increasing the internet stock market for specific companies which were calling themselves the dot.com. The NASDAQ was at the highest level of its stock marketing records during the dot.com bubble. Subsequently, NASDAQ i s the dominant and widely known for the market capitalization. For instance, the NASDAQ in the year of 2000 was able to make up to about 5048.62 peak value, which was double the previous year’s amount which was roughly 2500. This was consequently termed the2000 burst as the cataclysmic. The chief examples of the big busts that were capable of buying these bubbles included the Microsoft Company, the dell, and also the Intel Company. Additionally, the Cisco Company, the oracles and also the sun Microsystems Company. These companies were competent of venturing into this business by funding the bubble. For instance, a sum of approximately 600 US Dollars was put for utilization in the starting up of the wed 2.0. Unfortunately, this funding did not lead to the subsequent success of the bubble. Thus it was a loss to the companies that put their money into the venture. Moreover, these companies that were dealing with the internet business were known by the name of the â€Å"four hor semen of the NASDAQ.† this was chiefly due to their significance in the contribution of the capitalization in the business industry (Preissl, Bouwman & Steinfield, 2004). Unfortunately, the NASDAQ lost a huge sum of cash during the funding of the web 2.0 and also the dot.com. This is because the NASDAQ businesses thought that they were going to get a higher amount of revenue from the investments in this bubble. The chief significant acquisitions market is the sole vital and further the only feasible supply of the potential startup of this bubble. Though there has been a significantly large and further potential high profile of the web 2.0 acquirement, the investors have subsequently been reducing their potential expectations since the time of 1998 (Argenti & Barnes, 2009). Evidently, the price of these companies that was capable of acquiring was large during the first year of the funding. Unfortunately the amount began to reduce for the next coming financial years, thus leadin g these companies into a financial loss (Preissl, Bouwman & Steinfield, 2004). We learn from the dot.com bubble that when making long-term investments, we should do it when prices are not overvalued as well as when fundamentals are good, especially when it comes to stock market. This is because the market is bound to clash due to overvaluing of prices as well as due to poor fundamentals. In case of short-term investments, one should trade and upon getting the profit, move out. Last, one should be skeptical when a company is promising to make life-altering