Human Resource Management And Corporate Governance Case Study

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10 Human resource management and corporate Governance: Corporate governance is basically cares about subjects of ownership and control inside the organization (Berle and Means, 1932). It puts the expressions and situations of the legal portion of possessions rights between the diverse stakeholder. Corporate governance also affects the stakeholder incentives and therefore their enthusiasm to collaborate with each other in productive actions. To distribute the responsibility of production, process enhancement and innovation has been revealed to significantly enhance performance of the organization by collaboration of stakeholders in the production activity, practices and loyalty for meeting goals of organization. Corporate governance …show more content…

(2006) mention two HRM types, hard HRM and soft HRM to be a consequence of implementation of corporate governance practices. ‘Hard’ and ‘Soft’ HRM, were notion mentioned by (Storey, 1987), hard HRM focuses on the management of dimensions of HRM, cost control and flexibility of workforce to align them with short-term product requirement variables. Soft HRM focuses on human aspects of HRM, containing communication, motivation, engagement, learning and leadership (Martin and Hetrick, 2006). Konzelmann et al. (2006) outline four variables considered as soft and hard HRM. Employee consultation and motivation systems (soft HRM) and development and work by teams (hard …show more content…

Moreover, the resource-based view of the firm suggests that firm resources which are rare and impossible to mimic could be sources of competitive advantage (Barney, 1991). Organizations obtain competitive advantage when they enhance strategies of the organization and where competitors are difficult to earn the profit even as they duplicate such strategies and activities. However, to obtain continuous advantage, the organization’s resource must have a value and without alternative, must be unusual and difficult to imitate (Barney, 1991). The results and goodness of application of policies and practices to support corporate governance may be uneasy

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