Verified Document

Companies Good Management Prevailing Thought Holds That Essay

¶ … Companies Good Management Prevailing thought holds that companies should utilize their human resources to create and maintain a competitive advantage. Fortunately, business leaders have finally universally acknowledged that employees are not disposable and contribute substantially to the bottom line when held in regard and treated with respect. The fact that human capital has become the greatest source for competitive advantages when once it was financial resources and then technological resources has been substantiated in various studies. Essentially, no matter what other resources one uses, technology for example, the competition can always buy the same or better technology. They cannot however, have the exact same people. Therefore, focusing on making one's team the best in the businesses is a good business practice, because doing so allows one to maintain a sustainable competitive advantage.

Now the question becomes: how does one use this human capital to create a competitive advantage? The answer lies in the companies' ability to effectively manage its human capital to that end, and, while...

There are numerous management models offered up as the ideal means of creating a competitive advantage with the workforce. However, one of the simplest explanations is the best, "You should be constantly evaluating your team to ensure that you have the right people with the right training in the right places to ensure success. The ability to create a unique team is one of the most cost-effective ways to create real sustainable advantage in the marketplace" (Brown, 2007).
Perhaps one of the best business models for building a successful team is the Zenger

Miller model (See generally Henderson Community College, 2004). The basic principles of this model are as follows: "focus on the situation, issue, or behavior, not on the person; maintain the self-confidence and self-esteem of others; maintain constructive relationships; take initiative to make things better; and lead by example" (Hennepin County Medical Center, 2011). Once this team has been built they…

Sources used in this document:
References

Brown, E. (2007, November 1). Competitive advantage- The human capital approach.

Retrieved December 13, 2011 from Eric D. Brown website: http://ericbrown.com/competitive-advantage-the-human-capital-approach.htm

Dun & Bradstreet Credibility Corp. (2011). Is your management style effective? Retrieved

from http://www.dandb.com/credit-resources/human-resources-management/ways-to-effectively-manage/
Five Star Development, Inc. (2009, May 12). Avoiding the ten common mistakes made by first time managers (part 2). Retrieved from http://www.fivestardev.com/tag/frontline-managers
Henderson Community College. (2004). Frontline leadership. Retrieved from http://www.hencc.kctcs.net/ced/classes/frontline_leadership.asp
Hennepin County Medical Center. (2011). Courtesy and customer service for the health care professional self-learning packet. Retrieved from http://www.hcmc.org/education/residency/documents/courtesypacket.pdf
Cite this Document:
Copy Bibliography Citation

Related Documents

Impact of Likeability in Management
Words: 17400 Length: 60 Document Type: Dissertation

likeability is effected by management in the international workplace. It assumes a phenomenological approach to the notion of likeability, and is based on the idea that likeability in management is fundamental to achieving "connectedness" among employees and to inspiring the drive needed to ensure an organization's success. By conducting a survey of employees and managers from every major business continent of the globe (Asia, Europe, America, the Middle East),

Initiatives Require Bold Solutions, and
Words: 10456 Length: 38 Document Type: Capstone Project

The following diagram represents the structure of the idea. Figure 2. Project flow pursuant to Plan Abu Dhabi 2030: Urban Structure Framework Plan Objectives of the Study The overarching objective of this study is to build a solid portfolio management application that connects all the local governments of Abu Dhabi emirates in ways that will allow them to collaborate on various projects pursuant to Plan Abu Dhabi 2030 through one unified system

Beyond Budgeting
Words: 543 Length: 2 Document Type: Term Paper

Beyond Budgeting" by Jeremy Hope The Significance of Budgeting on Effective Management: Analysis of "Beyond Budgeting" by Jeremy Hope In the book "Beyond Budgeting," author Jeremy Hope gave an altogether different conceptualization of the significance of budgeting on effective management. In it, he emphasized the need for better and well-thought out budgeting plans in order not to sacrifice the management decisions and ultimately, the efficient performance of a company or organization.

Corporate Governance in Australia Corporate
Words: 4378 Length: 14 Document Type: Term Paper

(Millstein, 2005) Since United States and Australia are countries which are already considered to be globally competitive that has attained its almost perfect status in the world market, developing countries are basically taking into account every step that they make for which they might soon adapt to attain the same position in the global context. Therefore, studying both countries' corporate governance is necessary in order for other developing countries to

Corporate Ethics As One Analyst
Words: 4342 Length: 12 Document Type: Term Paper

Capitalism does force us sometimes to make decisions in a context narrower than we need in order to make them morally, socially, environmentally (Rolston, 1988, p. 324). Rolston points to several cases of corporate myopia that was changed as customers and potential customers made their views known and demonstrated that hurting customers would harm shareholders as well. He points to the DDT scare in the early 1960s which led to

How Can We Make Profit Through Investing on Stock Market
Words: 11006 Length: 33 Document Type: Dissertation

profit through investing on Stock Market Generally, all over the world financial markets exemplify a state of intricate and inscrutable situation. These marketplaces are of immense significance in the western nations, where the constituents employ their expertise to invest and generate profit whilst formulating a pool of funds, statistics, derivatives, shares and calculation intricacy. These constituents or elements are those investment maestros who are the whole and sole performers of

Sign Up for Unlimited Study Help

Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.

Get Started Now