Strategic Hrm Essay

3802 words - 15 pages

IntroductionUnder the rapid changing environment, many corporations are starting to focus heavily in the personnel development and improving HR practices in order to maintain their competitive advantage. A good HR system and organisational culture can lead to a company's success. The following case study is to analyse and evaluate Pfizer Inc and its HR practices and system.Pfizer Inc, founded in 1849, is dedicated to better health and greater access to healthcare for people. Pfizer's mission is become the world's most valued company to patients, customers, colleagues, investors, business partners and the communities where it work and live. Their purpose is helping people can live longer, healthier, happier lives and route to that purpose is through discovering and developing breakthrough medicine. Providing information on prevention, wellness, and treatment. Consistently provide a high-quality manufacturing of medicines, consumer products and global leadership in corporate responsibility. To achieve the purpose and mission, Pfizer affirms the value of integrity, respect for people, customer focus, community, innovation, teamwork, teamwork, performance, leadership and quality.Pfizer had help 38 million patients every days, employee more than 115,000 colleagues, utilize the skills of more than 12,000 medical researchers, and work in partnership with governments, individuals, and other payers for healthcare to treat and prevent illnesses-adding both years to life, and life to yearsFuture trend and changeThe CEO of Pfizer led a "trends study" designed to explore the major developments that would be affecting the pharmacy industry during the coming decade. The industry is virtually impossible to predict with any degree of precision of confidence either the most likely events or their probable implications. The findings of the trends study forced Pfizer to set a path of rapid growth based on a board vision consisting two major components. First, they build the industry's most-promising pipeline of new pharmaceutical and provide high quality products. Second, they launch Novel medicines aimed at Feared Disease. Under the high degree of uncertainty, the CEO of Pfizer realize and would have to be pursued intermittently through a series of opportunities moves rather than in o highly planned way (i.e., the strategies pursued would be more emergent than deliberate. [Brown & Eisenhardt, 1998; Mintzberg, 1989]The trends study was predictive. Now, Pfizer is buffeted by an ongoing series of administrated by outside forces.Constant and significant changes and cutbacks in product costs to increase revenue of the company. Pfizer also managed care organization made major inroads in local. This created intense competition to win potentially profitable contracts by providing an increasingly more types of products at lower cost. There were countless major advances in science and technology. Pfizer was under pressure to employ these new developments to provide more...

Find Another Essay On Strategic HRM

Creative Gaps Between Strategic Hrm And Their Effective Implementation

2485 words - 10 pages ESSAY Sandra Ward "What are some of the situations that create gaps between strategic human resource plans and effective implementation? How can HR and management narrow these gaps?"There is a saying in the financial planning business: "Nobody plans to fail; they just fail to plan." 1 This saying is no less true of human resource planning in today's modern business organization. By definition human resource planning (HRP) is the ongoing

Why Strategic Human Resource Management (SHRM) is so important? How is human resource management (HRM) strategic to gain competitive advantage?

2924 words - 12 pages Executive SummaryNowadays, Strategic Human Resource Management becomes very important for the organizations in the business world environment. The purpose of this assignment is about what the Strategic Human Resource Management (SHRM) is and why SHRM is so important? How is human resource management (HRM) strategic to a firm's viability and how it might help to lay a basis for sustained competitive advantage? And what are the strategies for the

Strategic HRM is a theoretical model rather than a practical reality. Discuss

2264 words - 9 pages AbstractThe essay that's undertaken presents the conflicting issues between Industrial Relations and Unitarism, which reflects a Strategic perspective. It was easily recognizable that society as a whole is slowly converging into unitarism. What became blatantly clear is the conflicting interest between Strategic HRM and Industrial Relations, which ultimately reflected the trend of management simply putting HRM first, which excluded Industrial

Industrial Relations to Human Resource Management: Disparity and Similarity

1002 words - 5 pages Introduction Human resources are the main drivers for today’s organization in managing employees as strategic plan as company’s objective (Haslinda 2009). Variety notion related with theory, perceptivity and understanding of human resource evolution from Industrial Relations (IR) tradition to Human Resource Management (HRM) has transpired to the present day. IR was considerably have two main division: labor management and mutual negotiation

Research Proposal

845 words - 3 pages responsibility of leaders and managers, who exercises HR functions with their staff every day. HRM provides managers with skills and tools to enhance their own performance and the performance of their employees. People are often confused with the term HRM, this research intends to eliminate the confusing in understanding HRM.Literature review: Human resource management (HRM), as defined by Bratton, J. & Gold, J. (2003), "A strategic approach to

Human resource management and Personnel management

1970 words - 8 pages ', 'high commitment', 'high quality' and 'flexibility'.Pettigrew and Hendry: HRM is characterized by its close alignment elements with business strategy.Storey: developed a model that set out four areas for analysis: belief and assumptions; strategic aspects; line management; key levers as major determinants of HRM practice. Legge: The underling value of personnel management and HRM differ little, and that organizational constrains may well make a

What is Human Resource Management?

962 words - 4 pages most up-to-date knowledge, skills, abilities, and commitment to the organization. Role of HRM in an Organization’s Strategic Plan The role of HRM in an organization’s strategic plan involves researching and understanding the personnel needs of the organization. HRM is responsible for recruiting employees that have the best qualifications and who are a good fit for the organization’s core values and culture. An “organization’s employees can

Human Resource Management and the importance of top and HR managers working together to achieve organizational efficiency

2239 words - 9 pages organization will survive and prosper. Around the world, managers recognize that HR deserves attention because they are a significant factor in top-management strategic decisions that guide the organization's future operations (Ivancevich, 2001, p.9). Thus, HRM has a responsibility to be proactive and remain an integral component of the management and strategic planning process.A properly functioning HRM system is an invisible asset that creates value

Technology in HRM

994 words - 4 pages employee personal data etc., Relational HRM which is related to supporting business processes like through staff training, recruitment and performance management etc., Transformational HRM which focuses upon strategic HR activities like knowledge management and strategic reorientation etc. (Ruėl et al., 2004). All three types of E-HRM are crucial for the firm as it provides a complete HR solution to the firm. Therefore each E-HRM activity needs to be

Evaluating HRM's contribution to Organisational Effectiveness

1202 words - 5 pages show that human resources management is an investment, rather than an expense, helps move HR further in the direction of becoming a strategic partner.Activity Based Costing (ABC)ABC is a process of estimating the costs associated with each step of a process. It has been used to identify the costs of HRM programs and processes. "It is an accounting system that assigns costs to products based on the resources they consume. The costs of all activities

Human Resource Management And The Global Marketplace

1598 words - 6 pages political labor market, and economic conditions, these are critical for comparative HRM.In the global context, there are three areas of HRM that continues to evolve and over the next ten years will continue be a mainstay and key components for a successful global market place. The global market place will be affected by the practice of HRM in the United States in the next 10 years. The major components that will affect HRM are Strategic Human Resource

Similar Essays

Strategic Hrm Essay

1974 words - 8 pages people play in the evolution of strategy…strategy is also a product of what people want an organisation to do or what they feel the organisation should be like."(1).Understanding the strategic potential of HRM is a relatively recent phenomenon. Strategic HRM attempts to bring HRM to the boardroom. It requires personnel policies and practices to be integrated so that they make a coherent whole, and also that this whole is integrated with the

Hrm Strategic Business Partner Paper

923 words - 4 pages The role of Human Resource is ever changing. Based on the author of this paper's previous coursework, she will conduct some research on HR. The purpose of this paper is to evaluate and conduct research on how HR can be aligned or realigned to become a strategic business partner. The Human Resources Department is crucial to an organization and important in every organization. This paper will also explore how HR can contribute to an organization's

Strategic Role Of Global Hrm Analysis

770 words - 3 pages of HRM functions must expand into new and broader responsibilities. When a domestic organization expands to foreign markets the HRM function must adapt to changing and far more complex environments. This paper will discuss the strategic role of HRM in the global business environment.Organizations often have people in roles as 'business partners' whose role is to provide advice to senior managers on aspects of HRM, and to be a source of consultancy

Strategic Hrm Essay

2115 words - 8 pages HUMAN RESOURCE MANAGEMENTFINAL REPORTONPIAACKNOWLEDGEMENTI am grateful to our teacher Mr. Jahangir Ali for teaching us Human Resource Management. His versatile knowledge in this course and unique teaching style has developed our knowledge and cleared many Human Resource Management concepts.I am most grateful to him for assigning this report, which has further helped me in evaluating many interrelated dimensions of management.Finally I bestow