Human Resource Management Exercise

 Question

1.Are people always an organization’s most valuable asset? Why or why not? 

2.Suppose your boss asked you to summarize the major people-related concerns in opening an office in Tokyo. What issues would be on your list? 

3.Will technology eliminate the need for human resources managers?

4.What are the pros and cons of change? Does it help or hurt organizational performance? Do you like change? Why or why not?

Answer

1. In my opinion, humans are very important for organizational success because they can contribute to various activities. culture, values, and principles shaping how people work together can significantly influence organizational success. 

2. Things I notice on my list is Employees well-being. managing problems related to employee well-being, including mental health and balance between work and life, with the goal to promote a positive and productive company. understand recruitment in Japan.Creating successful recruitment techniques to get in and keep top talent in Tokyo's competitive labor market.Understanding the culture in Japan is crucial and adapting to the culture in Japan so that we can build positive things with Japanese workers.To promote a positive work the environment, it is essential to be familiar with Japanese workplace etiquette, which includes formality, structure, and business protocol. 

3. In my opinion, technology will not destroy or eliminate human resources. Technology only helps and eases human resource development work and some aspects of HR require human expertise and interpersonal skills that cannot be completely replaced by technology.

 4. 

• Pros of the organization changes is: In rapidly changing environments, change promotes creativity and adaptability, enabling companies to maintain their competitive edge.Employee performance is enhanced by properly managed change, which makes the workforce more adaptable and competitive.The performance of an organization can be positively impacted by change initiatives that result in improved processes and improved effectiveness. 
• Cons of the organization It can be seen from resentment and resistance: Resistance by staff to change frequently ends in disruption and difficulties during implementation.An organization's overall performance may be impacted by ineffective changes that have an adverse impact on staff happiness and participation. 
• There will be help for organizations. Effectively planned, communicated, and implemented changes often enhances organizational performance through promoting flexibility, creativity, and agility. 
• I think change is good for innovation and the development of an organization. Change can also be interpreted as improvising an organization

Strategy in HRM 

1.Identify the three key elements of the human resources planning model and discuss the relationships among them.

2.What competitive environmental forces influence a firm’s strategy?

3.Which approach do you think should be relied on more heavily for strategy formulation—the quantitative or qualitative approach? 

4.Explain the difference between a firm’s corporate strategy and business strategy. Why do firms need to look at both aspects?

5.Why is organizational capability important to a firm and how can HR managers enhance it?

1. 

• Labor Demand Forecasting: Predicting future workforce requirements based on organizational goals, growth projections, and market trends 
• Analyzing Present Labor Supply: Evaluating the current workforce's skills, demographics, and availability to identify gaps and surpluses 
• Balancing Supply and Demand: Aligning workforce availability with organizational needs through recruitment, training, retention strategies, and adjustments in workforce utilization

2. 

• Market Rivalry: Intensity of competition within the industry affects strategy formulation, including pricing, product differentiation, and market positioning 
• Supplier Power: The bargaining power of suppliers can influence strategic decisions related to sourcing, cost control, and supply chain management 
• Buyer Power: The influence of customers on the firm's strategy, including pricing, product features, and customer service, is crucial 

3. 

• Quantitative Approach: This method relies on numerical data and statistical analysis, providing measurable insights into market trends, customer behavior, and financial performance. It's beneficial for making data-driven decisions and evaluating the effectiveness of strategies 

4. 

• Corporate Strategy:

• Concerned with long-term decisions at the organizational level.
• Focuses on goals such as growth, diversification, and resource allocation across different business units or product lines

Business Strategy:

• Deals with short to medium-term decisions within a specific business unit or division.
• Involves decisions related to market positioning, competitive advantage, and operational effectiveness 

Need both Strategy because :

• Corporate strategy ensures that business units work cohesively toward overarching organizational objectives.
• Focus: Business strategy helps in addressing specific market opportunities and challenges faced by individual business units.
• Optimization: By aligning corporate goals with business strategies, firms can optimize resource allocation and ensure efficient use of resources

5. 

• strong capability is important :

• Strong capabilities enable firms to differentiate themselves from competitors, innovate effectively, and respond to market changes swiftly

How to enhanced it?

• Providing ongoing training programs to upskill employees and foster a culture of continuous learning and improvement
• Recruiting, developing, and retaining skilled employees who contribute to building core competencies and organizational knowledge