Answer to Question #236227 in Management for yakskie

Question

Human Resource success stories in different organization. Give a brief background on the organization and their success stories. What strategies were used by the said organization?

Answer 1

Globalization of individual companies and capital markets over the past two decades has changed the business landscape. Many firms have expanded operations overseas, and even strictly domestic businesses are facing competition from abroad. To respond to global competition, firms are using new technologies to provide better, lower-cost solutions for their customers, but these technological innovations have led to constant movement of customers and competitors. At the same time, global capital markets are pressuring firms to innovate and reduce costs—not an easy feat. All of these trends are pushing companies to manage their assets as effectively as possible—especially their human assets. This report will explore a variety of ways to adapt your overall HR strategy to the new realities of global competition. Let’s first take a look at how one company responded to these new pressures.

IBM’s overall business strategy focuses on four areas:  

1) innovation, 2) business value, 3) global integration, and 4) on-demand infrastructure. Behind this overall strategy are all of the employees who make it work. IBM’s HR strategy identifies company characteristics that motivate and energize those employees.

IBM motivates its employees through: • Performance-based opportunities. • Leadership. • Hiring diverse and talented people. • Flexibility. • A values-based climate.