MBA

Ethical Context of Human Resource Management Defining HRM "The process of hiring and developing employees so that they become valuable to the organization. HRM includes conducting job analyses, planning personnel needs, recruiting the right people for the job, orienting and training, managing wages and salaries, providing benefits and incentives, evaluating performance, resolving disputes, and communication with all employees at all levels". HRM is the term used to describe formal systems devised for the management of people within an organization. HRM can be defined in different ways, inclusive of different words and technical jargon, but in simple, as the process of managing employees in a company and it can involve hiring, firing, training, and motivating employees. What is Ethics? Ethics – discipline dealing with what is good and bad and with moral duty and obligation. Ethics are those values which has been imbibed within an individual reinf...

What is Organizational Culture? Organizational Culture included an organization’s expectations, experiences, philosophy, and values that hold it together, and is expressed in its self-image, inner workings, interactions with the outside world, and future expectations. It is based on shared attitudes, beliefs, customs, and written and unwritten rules that have be developed overtime and are considered valid. (The Business Dictionary). As defined by Schwartz and Davis (1981), culture is a pattern of beliefs and expectations shared by the organization's members. These beliefs and expectations produce norms and powerfully shape the behavior of individuals and groups in the organization. How are Cultures created? An organization's culture is shaped as the organization faces external and internal challenges and learns how to deal with them. When the organization's way of doing business provides a successful adaptation to environmental challenges and ensure succe...

Image: 1 What is Globalization? “Globalization is the free movement of goods, services, and people across the world in a seamless and integrated manner”. Looking at the definition from a different perspective, globalization can also mean that countries liberalize their import protocols and welcome foreign investments into sectors that are mainstays of its economy. Looking at it from another perspective, globalization could also meant that countries liberalize their visa rules and procedures so as to permit the free floe of people from country to country. Moreover, globalization results in freeing up the unproductive sectors to investment and the productive sectors to export related activities resulting in a win-win situation for the economies of the world. Introduction to Globalization Globalization has made the world one big global village. Goods that were available in one part of the world now can be found across the globe. Because of globalization the econ...