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Strategic Managenment Essay

4559 words - 19 pages

FACULTY OF BUSINESS, ENTERPRISE AND LIFELONG LEARNING

INTERNATIONAL PROGRAMME ACADEMIC YEAR 2013/14

Module Code: BU7205

Module Title: Managing Human Capital
Level: 7 (MBA 2)

NAME: MD JAHED HOSSAN
STUDENT ID: 1326892

MODULE TUTOR: David Hall/Rajendra Kumar

SUBMISSION DATE 23rd JUNE 2014

Table of Contents


Introduction 4

Literature Review: 5

Human Capital strategy 7

Critical analysis: 9

Conclusion 14


Recommendations 15

Reference 17

Introduction

Human capital is established of awareness, proficiencies, capability, and aptitude and prospective than an employee has in order to undertake the ...view middle of the document...

The best part of Wal-Mart is it’s giving to supplier’s motivations for reinforcement instead of charging positioning fee for any providing shelf plot. (Basker, 2005).
Wal-Mart is entailing of three-retail layout that are Wal-Mart markets, supercenters and discounted stores. The structure also stipulates the competence of online shopping and Every Day Low Pricing (EDL) is strategy of Wal-Mart because it is discounted super stores. They sell merchandising very low price and it has greeters at entrance that address or welcome the purchasers and express the friendly ambience of the store.(G Glomm,B Ravikumar,2004).
The key opponents of Wal-Mart involve Kmart, ShopKo, Dollar, Meijer, Dollars General, Family Dollars and Target stores. Wal-Mart is principled in accomplishing trade and only trades those stuffs, which are not obnoxious and it sells spiritual books and information for Christian population. All over the world About 2.2 million employees working for Wal-Mart. Wal-Mart also tackled enormous number concerns such as employees treatment, poor working condition, health and safety matters, minimum wages factors and vital delinquent is anti-labor strategies because of that company accepted many challenges of litigation. (Bates, 2005).
Welfare activities are most vital now days, Wal-Mart known in known for its welfare activities. The founder of Wal-Mart, Sam Walton asserted that the key involvement of society is reducing of living cost by stipulating them opportunity to securing goods at inferior price. Additionally, Wal-Mart has familiar vastest donor in national tragedies and catastrophes such as the firm providing cash and goods in Hurricanes affected people. Wal-Mart has own reputation for being a discount grocery store because of that by practicing little budget leadership schemes of HRM. ( PN BLOOM, VG Perry, 2003).
Literature Review:

SHRM (Strategic Human Recourse Management) is a method of associating human resources through strategic targets and intentions in order to recover organizational performance and grow structural culture and promote modernization.(PM Wright, GC McMahan, 2005).Control human capital is one of the components of strategic human resource management that acquaintances this management to organizational purposes and on the other hand human capital can not be illuminated deprived of connections. Human capital is central gears of strategic human resource management because of exclusive of its implementation the foster argument is of no abortive. Human capital is an arranged of features, virtues, impending, skills, which are manager, obtains in his workforces that is very fundamental for surprising performance of the staff.(SA Snell, JW Dean, 2004).A business ascendancy is Human capital because it’s cooperating very key role for employee to develop their efficiency and performance and also advance their mysterious talent of the team members. If a organization need to hire a correct and effectual person for his...

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