Can Effective People Development Lead to Increased Firm Performance?
GRIN Verlag, 2012 - 24 pages
Seminar paper from the year 2011 in the subject Business economics - Personnel and Organisation, grade: 1,3, University of Applied Sciences Essen, course: Human Resources Management, language: English, abstract: In today's knowledge economy the concept of Human Resource Development (HRD) within organizations continues to expand and evolve. The contemporary literature regarding the theory of HRD examined in this paper, deals with many initiatives and ideas, such as the strategic element of developing workforce and its impact on organizational objectives or the importance of creating an effective organizational learning environment by making a shift from training to learning. After demonstrating the four phases of an effective HRD approach the direct link between firm performance and training will be examined in order to analyse organizational benefits as well as achieving competitive advantage in order to enhance business performance.
What people are saying - Write a review
We haven't found any reviews in the usual places.
Other editions - View all
According achievement of organizational akademische Texte analysis Assessing HRD Needs assets behavior capabilities Capital Theory Cf Einsiedler/Hollstegge/Janusch/Breuer 1999 Cf Schuler/MacMillian 1984 Cf Werner/DeSimone 2009 CfBecker CfHuczynski/Buchanan 2007 company’s concept context core competencies crucial Cybernetic development and training development lead Driven economics effective HRD effective people development employee’s evaluate Focuses framework gain competitive advantage GRIN Verlag HRD Programs human capital Human Resource Development Human Resource Management implementation importance of HRD increased firm performance individual employee Jackson/Schuler 1995 lead to increased Learning and Development Learning and Performance learning organization Luoma mance McKinsey’s necessary to analyse one’s order to increase organization’s organizational culture organizational objec organizational objective organizational performance Performance Wheel personnel plays a key Programs Æ Resource based view shift from training SHRD soft elements Strategic HRD Strategic Management Thang/Quang/Buyens 2010 tion tive today’s training and development training plan Training to Learning typical training Wegerich Werner zation