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

Managing Religious Diversity in the
Words: 4595 Length: 11 Document Type: Term Paper

(Krukowski, 2001) Civil religion and workplace mysticism each change the institutional locus of religious expression from the church, synagogue, or mosque to another public organization- the state or the company. The existence of these different organizations hoists the main question of individuality and perhaps challenging faithfulness. Both civil religion and workplace theology do not show the likely clashes and problems often met by employees who are also religious practitioners. Jews,

Ethics and Management and Ethics
Words: 17336 Length: 55 Document Type: Research Proposal

Therefore, corporations have had to change their viewpoints and start looking at the long-term consequences of their behavior, as well as looking at the bottom line. Businesses also have to be concerned because consumers have also become aware of environmental concerns, and many consumers are demanding earth-friendly products and have shown a willingness to pay more money to competitors who observe environmentally-friendly practices. Interestingly enough, this demand has given rise

Management and Decision Sciences From
Words: 25680 Length: 90 Document Type: Thesis

76). As automation increasingly assumes the more mundane and routine aspects of work of all types, Drucker was visionary in his assessment of how decisions would be made in the years to come. "In the future," said Drucker, "it was possible that all employment would be managerial in nature, and we would then have progressed from a society of labor to a society of management" (Witzel, p. 76). The

Managing Organizational Culture
Words: 9860 Length: 34 Document Type: Dissertation

Human Resources Managing Organisational Culture The values and behaviors that contribute to the unique social and psychological environment of an organization make up the organizations culture. Organizational culture is the summation total of an organization's past and current suppositions, incidents, viewpoint, and values that hold it together, and is articulated in its self-image, inner workings, connections with the outside world, and future prospects. In dealing with the management of organisational culture, it is

Managing the Automation Industry
Words: 4092 Length: 13 Document Type: Essay

Introduction The automotive industry segment within the economy of the United States is a fundamental employer as well as a key donor of the American Gross National Product. The automotive industry segment is one that faces intense and comprehensive competition not only locally but also internationally. In recent times, the automotive industry has experienced deterioration in the revenues and profits generated and a decline in the market share as well as

Public Services Management According to
Words: 4690 Length: 14 Document Type: Term Paper

" (Bissessar, nd) the evidence showed, however "that the choice of 'new' methods of management had become a regional fad. Indeed the universality of NPM could not be disputed." (Bissessar, nd) New Public Management had been introduced in many countries including the United States, the United Kingdom, New Zealand, and Australia and "was accordingly considered a more than appropriate model for the Caribbean and Latin American states as well." (Bissessar,

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