LISTEN TO INNER VOICE

If you begin to listen to your inner voice, you can get success in many of the things you do and success can become the way of living. Well, it all begins with listening. Listen to the voice coming to you straight from your inner self. It has all the answers, if you would just listen to it.

BALRIDGE MODEL OF HRM

The Malcolm Baldrige National Quality Award was conceptualized as a standard of excellence in order to help U.S. organizations achieve world-class quality. The Criteria for Performance Excellence has done a commendable job in achieving the goals established for the Baldrige Award. They now are accepted in the whole world, as the yardstick for performance excellence. The award is given annually to an organization in recognition of its quality standards. HRM practices occupy a pivotal place in quality movement of organizations. 

FOREIGN EXCHANGE

The understanding of foreign exchange is a must for Multi- national Enterprises and small export and import companies if they want to be effective. The exchange rate can exercise an influence on a wholesaler or a retailer where they buy or sell products. It also can influence a manufacturer who buys raw materials or components and produces products or can affect the location of capital that a company needs in order to expand.

HARVARD MODEL OF HRM

Management experts as Michael Beer, Quinn Mills et.al of HarvardBusiness School propounded Harvard model of HRM. It is one of the most influential models of HRM. The Harvard interpretation visualizes employees as resources fundamentally different from other resources cannot be managed in a single stereotype way. The stress is on people as human resources. The Harvard approach identifies an element of mutuality in all businesses.   Employees are crucial stakeholders in an organization who have their own needs and concerns as shareholders and customers

HUMAN CAPITAL

THE CONCEPT : The origin of human capital can be traced to the emergence of classical economics in 1776, and thereafter developed as scientific theory. The concept of human capital has been explained from different perspectives. From the individual perspective the human capital was recognized as one of important factors for a national economic growth and could contribute to socio-political development and freedom.