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Global Development and Strategic Management: BBP 20102, v1.3
Global Development and Strategic Management: BBP 20102, v1.3
1 Global Development
HRM in Today’s Marketplace
Globalization
Technological Advances
Changing Nature of Work
Workforce Diversity
Malaysian Workforce
2 HR Strategic Management
Corporate Strategies
HR Strategic Challenges
Strategic Management Process
Strategy Planning Process
3 References
The roles of HRM have gradually become broader and more challenging due
to the changing environments. Among these changes are [2]:
Globalization
Technological Advances
Changing Nature of Work
Workforce Demographics
Employer’s expectation[1]:
1 Multi-skilled workers to cover a variety of tasks
2 Able to hire workers on short term contracts and dismiss them when
required, without retrenchment benefits.
3 Outsourcing work to other companies (including the use of foreign workers
from other countries)
4 Compensate workers commensurate with performance (e.g.
performance-based system)
Workforce Generations
Baby Boomers (1946-1964)
Gen-X (1965-1979)
Gen-Y or dot-com Generation (1980 onwards)
Workforce demographics are changing and becoming more diverse. There are
more women, minority-group members, younger workers and also older
workers in the workforce today. Diversity here refers to differences such as
race, nationality, gender, age and cultural values.
Vertical Integration strategy means the company expands by producing its own
raw materials, or selling its products directly
Definition
A strategic plan is the company’s plan for how it will match its internal
strengths and weaknesses with external opportunities and threats in order to
maintain a competitive advantage. [2].
[1]A MINUDDIN , M. Human Resource Management: Principles and Practices, first ed.
Oxford University Press, Malaysia, 2008.
[2]D ESSLER , G., AND TAN , C. H. Human Resource Management: An Asian
Perspective, 10th ed. Pearson Prentice Hall, Singapore, 2005.
[3]KPJ. Kpj future developments, 2013. Online:
http://www.kpjhealth.com.my/future-development.php.
[4]S TATISTICS D EPT., M. Labour force survey report malaysia 2009. Tech. rep.,
Department of Statistics Malaysia, 2011.
[5]S TATISTICS D EPT., M. Labour force survey report malaysia 2012. Tech. rep.,
Department of Statistics Malaysia, 2014.
Thank You.