Human Resource Management in China. Performance Appraisal Dissertation

Human Resource Management in China. Performance Appraisal - Dissertation Example Edvinsson’s explication of intellectual capital in his book signifies the importance of human resource management to an elevated extent. Human resource is one of the most fundamental and important function for the development of an organization. The workforce of an enterprise plays the most crucial role for the firm to thrive in the market in a successful and appropriate manner. The goals and objectives of an organization are intrinsically dependent upon the efficiency of its employed individuals. This task comes under the shadow of the human resource management which is required to operate in the most appropriate manner for the corporation in any industry (Price, 2011). The most successful business corporations in the west tend to put immense attention upon the operating workforce to remain the best in business. The dependency of an organization in order to attain the aims is the most upon human resource management because the efficiency or deficiency of the employees directl y affects the finance of organization. Human resource management as being an essential and vital element of any business corporation fundamentally deals with the employment of individuals that is recruitment and selection of candidates to be added into the workforce in the most suitable manner (Sims, 2006). In addition to enlarging or replacing the work team, it also deals with the training and development of recruited employees by which the organizational development is directly associated. With all of the other responsibilities of human resource management, there is critically a significant task which human resource management is responsible for. This task is related to the performance of employed individuals in concordance with the aims, objectives and regulations of the organization. The reason for this task being critical for any organization and its human resource management is the fact that the performance of employees directly affects the performance of the organization in t he market (Price, 2011). Human resource management is one of the most authoritative departments in the organizational management because it deals with the hiring and firing of employees on the basis of their performance in the work force (Sims, 2006). The most visible and clear way to deal with a low performing employee is to fire that individual from the workforce and recruit the better individual in the team on the basis of his skills and capabilities. The performance of employee is directly associated to the revenue that is generated by any organization. If the human resource of a company works efficiently and appropriately then the revenues of certain company is necessarily going to be increased and vice versa. In industry from aviation to food industry, the human resource management plays a vital role regarding the graph of performance of the work force on individual as well as on the group level. The firing and hiring of employees is strictly dependent upon the performance of individuals which is assured by the human resource department to any firm (Price, 2011). Employees’ Performance and Corporations Corporations are formed with certain business objectives underlying every official activity of that corporation. The most important and certain objective which each business firm decides is the maximum generation of revenue and making the maximum profit out of its capital and resources. From production to service providence and from apparel to food chains, every business organizational dealings are fundamentally dependent upon these two objectives. In all of the resources of a company in any industry, the hum

Ford Galaxy Essay Example | Topics and Well Written Essays - 2250 words

Ford Galaxy - Essay Example Ford Galaxy is a seven-seater luxury large Multi-Purpose Vehicle (MPV) developed jointly by Ford and Volkswagen and was first introduced in 1995. During the Frankfurt Motor Show held last September 2005, the latest Ford Galaxy model was unveiled. It will be available in the market in the middle of 2006. In the Motor Industry Facts 2006 published by SMMT (Society of Motor Manufacturers and Traders Ltd.), total car registration in UK reached 2.4 million as of 2005. In table 1 below, Lower Medium segment remains to be the most dominant car type in the industry owning 31.2% of the market. Ford Focus, Vauxhall Astra, and Renault Megane are among the products included in this category. However, total car registration was down by 5% compared to 2004. Major factors attributed to such decline were lower consumer spending, increasing interest rates, and intense competition in the industry. Very evident in the last three years in the industry was the shift of consumer preferences in terms of car type. Share of Superminis like Corsa, Fiesta, and 206 went down by 3.9% while its alternative Lower Medium increased market share by 2.8%. Furthermore, SUVs or Dual Purpose 4x4s and MPVs increased share in the industry New car registrations can be classified as non-private (fleet and business) and private. An estimated of about 44.1% of total car registrations were categorised as private vehicles. ... In terms of non-private, 49% were contributed by business segment and the remaining 7.3% for fleet. Table 1 MPV's or minivans are slowly gaining popularity in the industry resulting to a 3-year compounded annual growth rate (CAGR) of 7.6% against total industry CAGR of -1.6%. However, total MPV declined by 8% which is somewhat similar to the situation of the total car industry. MPVs are also known as people carrier, multi-utility vehicle, or to some extent as minivan. A typical MPV can seat 7 people or more, relatively higher than normal sedans, and can be characterised as a family car. It is further segmented in three major categories - mini-MPV (e.g. Hyundai Matrix), compact MPV (e.g. Vauxhall Zafira), and large MPV (e.g. Ford Galaxy) depending on its body size and seating capacity. Market Needs In the survey involving 3,000 new car buyers conducted by Vauxhall Motors last 2003, reliability turned out to be the most important consideration affecting car purchase. Price which was the primary consideration in year 2002 fell to 4th position. Comfort, fuel economy, price, exterior size and space in vehicle are other leading considerations influencing car purchase in UK. Market Forecast Car registration forecast in 2006 is still negatively skewed according to SMMT. Expected new car registrations will be around 2.375 million or -2.7% compared to actual car registration in 2005. Weak economic forecast which is directly related to weakening consumer spending is considered as one of the significant deterrents in 2006. Conversely, diesel demand is predicted to increase in the coming years. Competition General target buyers for MPV are young families with children age 6 to 11 years old who want better fuel economic savings. The growing fierce