Impact of current economic downturn on Startegic human resource Essay

Impact of current economic downturn on Startegic human resource development - Essay Example e strategic human resource development can involve any of the following types of development such as short term or long term development, individual or group orientation, low participation or high participation techniques, spontaneous or systemic development and so on (Schuler and Jackson, 1987). But the dependence of these types of development techniques is based on certain pillars. These are as discussed by Garavan (2007) global environment, corporate strategy and culture, value and exclusivity of jobs and lastly employee expectation and careers. This essay will examine the importance of the contexts in the strategic human resource development while assessing the impact of the recent economic turmoil on these contexts in relation to human resource development. Furthermore, new steps initiated by organizations in response to the impacts will also be discussed. A swiftly changing economic environment illustrated by events such as globalization, deregulation of global markets, changing demands of customer and supplier, rapidly increasing competition in product-market and so on has become a change standard for organizations. Organizations in order to remain competitive, find ways to reduce costs, innovate products and processes and bring about changes in human resource management and development. Researches have addressed the concept of human resource as one that contributes to the accomplishment of organization’s operating and strategic goals. As the human resource strategies are built to accomplish the goals of the firms, certain objectives or framework also lies behind the development and objectives of strategic human resource. According to Garavan (2007) four levels of context are important in shaping organizations strategic human resource development: a) the global environment; b) the organization’s strategy, structure, culture, and leadership; c) the value and uniqueness that the firm attaches to particular jobs; and d) individual expectations,

Million Dollar Invention Scholarship Essay Example | Topics and Well Written Essays - 500 words

Million Dollar Invention - Scholarship Essay Example I have this belief that each DNA strand in human beings eventually spin off into various functions and develop certain intricacies which dictate if that particular DNA chain will result in a future illness for a person. By following the DNA strands development rather than manipulating it for specific scientific purposes, I believe I will be able to unlock the reasons as to why certain people are predisposed to certain illnesses. I realize that my dream of unlocking the secrets that the human DNA holds in relation to our illnesses may seem laughable at the moment. But take a step back and just think about it. The human DNA is the basis of human life and yet are still merely discovering the tip of the iceberg when it comes to the nitty gritty of how it functions and how it affects our health and well being. Therefore, studying its evolution until it produces an illness is something that will definitely have a positive effect in the development of future health care solutions. After successfully analyzing and segregating the DNA chains by the resulting illnesses, I will then concentrate on developing a medical test that shall successfully identify the DNA markers that each person carries which can tell the medical professional exactly what kind of illnesses the person he is treating shall be prone to. This should effectively eliminate or lessen the existence of certain illnesses since the development of the DNA chain into that particular strand can now be retarded, prevented, or cured. Such a medical discovery shall definitely be far ahead of its time and would definitely result in my names addition to the roster of noted names in the scientific field that have discovered and/or prevented illnesses from happening. More so when the public finds out that I managed to accomplish all of those things with only a million dollars backing my scientific and medical