Potential Benefits and Risks of Deeper Globalization for Guidia Assignment

Potential Benefits and Risks of Deeper Globalization for Guidia - Assignment Example This essay declares that globalization therefore is considered as multi-disciplinary in nature with its roots in politics, economics, technology, sociology etc. It is however, critical to understand that major emphasis of globalization is through the economic integration where economies integrate with each other through free and unrestricted trade. As a result of this trade, not only technological transfer becomes possible but more foreign direct investment also arrives. As a result of these changes, economic growth can actually quicken. This paper stresses that term globalization has emerged during 1960s however it was during so called roaring nineties that it started to take the serious public attention. Over the period of time, the early literature on globalization however gave it a connotation that globalization is actually westernization vs. the rest including nationalism etc. Post 9/11 scenarios have made this impression much stronger with globalization taking different meanings and assumptions. The emergence of rationalism as a major framework for knowledge is considered as the first element which encouraged the development of globalization. Over the period of time, rational decision making has made it more important for nations and societies to actually expand their activities in order to grow and evolve. Capitalism is another important factor which has actually made it mandatory for producers to actually look for new markets to increase their sales volumes. Under capitalist ideology, producers of the goods a nd services actually attempt to obtain more therefore in pursuit of profits, firms attempt to expand globally. (Scholte, 2002) Technological innovation is another important factor which has resulted into the globalization. Rapid changes in the communication technologies, transport as well as other technologies have allowed better integration of economies across the globe. It is however, important to note that the changes in the way capitalism have progressed and emergence of rational thinking has actually created a social order which has fostered the technological innovation. Technological innovation therefore is considered as the result of capitalist development and rational thinking. Globalization however, gained more momentum with the spread of technological innovation. Supportive regulatory framework has also resulted into the creation and speeding up of globalization also. Supportive regulatory frameworks have actually eased out the entry and exit barriers thus allowing domesti c as well as international firms to become more proactive in entering into and maintaining their presence in the global market. Supportive framework however, has been made possible only due to the economic development and r

Human Resource Management Essay Example | Topics and Well Written Essays - 2500 words - 1

Human Resource Management - Essay Example This results effective staffing decisions and processes which leads to better performance of the employees. The overall purpose of developing HR policies is to ensure that organization is efficiently able to achieve short term as well as long term goals through its employees rather than technology advancement. Many organizations believe that concentrating on the development of technology is more beneficial for the productivity of the organization rather to concentrate on the effective employee management. But effective use of technology is more important than adopting the same and it needs recruitment and selection of efficient people for the organization (Armstrong, 2006, p.9). Management of human capital is done through five different stages. Human resource policies is effectively designed so that implementation of the policies in these five stages of human management can be efficiently to better performance of the employees as well as for the better productivity of the organizatio n. These stages are planning, organizing, staffing, leading and controlling. Planning is the first stage of human capital management and it develop the organizational structure and find valuable sources from where the organization can get efficient people through a cost effective process of recruitment (Barney & Wright, 1997, p.4). Effective design and application of policies in HR planning, recruitment and selections and their contributions towards effective staffing decisions and organizational effectiveness and decisions making- Critical Evaluation HR planning and systems can have a wide variety of implications in organizations and organizational effectiveness. In the modern society planning and efficiency accounts for some of the prerequisites for organizational effectiveness and performance. In fact all of the HR activities in an organization depend largely on HR planning which subsequently reflects through organizational performance and productivity. Researchers have provided with data and information with regards to the correlation between recruitment and selection procedure and candidates’ competence in organizations which leads to greater creative works, greater collaboration of activities and performance progress in the organization. Research scholars have out forth the fact that through the application of appropriate HR planning systems organizations can effectively influence the actions and contributions of employees and generate their social capital as the potential source of competitive advantage (Mossholder, Richardson & Settoon, 2011, p.34). However, HR systems have largely been restricted to their connections with organizational outcomes and not with individual level behaviors. That is why researchers have increasingly called for the need for understanding HR planning and its influence on employees, inter-relationships between them and performance (Mossholder, Richardson & Settoon, 2011, p.34). Researchers have specifically focused on t he role of HR planning on a firm’s competitive advantage. According to the views of Barney (1995), three basic resources can provide competitive advan