Free Essays on Managment Theories

Table of Contents Introduction 2 The evolution of HRM 3 Characteristics of HRM 6 Types of HRM 7 HRM – V’s – Personnel Management 8 Key Differences 10 Key Similarities 12 Conclusion 13 Introduction â€Å"Human resource management can be defined as a strategic and coherent approach to the management of an organisation’s most valued assets: the people working there who live individually and collectively contribute to the achievement of it’s objectives†. (Armstrong, 2001:3) The term human resource management has become increasingly familiar to managers since it’s introduction in the early nineteen eighties. Modern companies want to attract, develop and keep the best employees as they see this as key to gaining competitive advantage. They want people who are capable and committed and view these people as valuable assets, an investment for the future of the organisation. But even with the familiarisation of the term it is still difficult to clarify exactly what HRM is and how it differs from traditional personnel management. For the purpose of this assignment the topic will be discussed under the following headings:  § The Evolution of HRM  § Characteristics of HRM  § Types of HRM  § HRM –vs.- Personal Management  § Key Differences  § Key Similiararities The evolution of HRM In order to fully comprehend what the term HRM means it is important to have an understanding of the historical development of Human Resource Management. The Industrial Revolution: The birth of personnel management can be traced back to the industrial revolution in England in the late 18th century. The revolution saw the growth of the factory system that due to its nature demanded the more formalised organisation of work activities by planning, organising and controlling employees. The work environment was very unfavourable at ... Free Essays on Managment Theories Free Essays on Managment Theories Table of Contents Introduction 2 The evolution of HRM 3 Characteristics of HRM 6 Types of HRM 7 HRM – V’s – Personnel Management 8 Key Differences 10 Key Similarities 12 Conclusion 13 Introduction â€Å"Human resource management can be defined as a strategic and coherent approach to the management of an organisation’s most valued assets: the people working there who live individually and collectively contribute to the achievement of it’s objectives†. (Armstrong, 2001:3) The term human resource management has become increasingly familiar to managers since it’s introduction in the early nineteen eighties. Modern companies want to attract, develop and keep the best employees as they see this as key to gaining competitive advantage. They want people who are capable and committed and view these people as valuable assets, an investment for the future of the organisation. But even with the familiarisation of the term it is still difficult to clarify exactly what HRM is and how it differs from traditional personnel management. For the purpose of this assignment the topic will be discussed under the following headings:  § The Evolution of HRM  § Characteristics of HRM  § Types of HRM  § HRM –vs.- Personal Management  § Key Differences  § Key Similiararities The evolution of HRM In order to fully comprehend what the term HRM means it is important to have an understanding of the historical development of Human Resource Management. The Industrial Revolution: The birth of personnel management can be traced back to the industrial revolution in England in the late 18th century. The revolution saw the growth of the factory system that due to its nature demanded the more formalised organisation of work activities by planning, organising and controlling employees. The work environment was very unfavourable at ...