Question 1

It will be wrong to conclude that human resource management is the single most important requirement for managerial success. Instead, it is one of the most important skills every organisational manager should have. Administrators are required to be furnished with specific aptitudes to productively and successfully deal with an association (Noe et al. 2006). One of these is the administration of human resource (HR) in the organisation. It includes the association of individuals in an association for the accomplishment of its objectives and targets. That is individuals, the contrast in demeanours, qualities, identity and conduct. These distinctions achieve issues in an association. It is in this manner that every manager ought to comprehend the conduct of every person that creates the association, including their very own behaviour. A few people even say this is the absolute most necessity that a director ought to have with the goal for him to accomplish achievement in the executives. Also, it is important to note that without a human being an organisation cannot stand as it requires its human resource to operate the wheels. Therefore, human resource is viewed as the most critical asset in an organisation. They are the ones who do and execute the plans set by the association through its best administration. They may cooperate and participate with each other as a group so as to accomplish a specific reason. Additionally, these individuals may be allowed the chance to settle on particular choices that would control how the association would acquire and utilise its accessible resources. Also, the distinctions among the general population in the association as far as their sentiments, disposition and conduct may be a factor concerning how they would do and shape things for the association.

On the other hand, the human being is the only resource that has human feelings linked to its production. It does not work as a machine since it has attitude and the ability to respond to the call of nature (Noe et al. 2006). Unlike a computer, a human being cannot be forced to perform as it is done to a machine, but instead, he or she is asked to work. This factor makes this resource a unique one among other resources in every organisation. Therefore, human resource manager needs to have special skills in managing this vital asset.

Thus, it is a vital aptitude for a supervisor to build up a feeling of understanding concerning how everyone in the association will in general act towards an action. Directors must be able to know how every person in the association may respond and follow up on a specific circumstance in the management system. Finally, human resource management is a vital skill that every manager of an organisation should have to accomplish an organisation’s objectives.

Question 2

Once tasked with the responsibility to manage an institution or an organisation, one should have two major functional roles in mind. Coordinating and Planning is the two critical functions of a manager that every organisational leader should learn. There are close to five significant roles that every corporate manager is tasked to do, but the two are the key. The manager has the function to conduct planning, organising, commanding, coordinating, and controlling. However, coordination and planning are the key factors in management.

Coordinating- this is the act of bringing all the organisation resources together, putting them into action towards the achievement of organisational objectives. Also, coordination can mean the act of monitoring the operation of every sector of an organisation ensuring they work collectively to improve the performance of the organisation. Various departments of the organisation interact with each other as they strive to achieve the organisational goal (Anantatmula 2010). However, the manager ensures each department is provided with all the resource required to accomplish the mandate of the organization. It is also the work of the manager to coordinate the performance of each department as he or she compares their performance in both long and short-run.

Planning- planning is also another key function of a manager. Without a plan, no organisation will be able to achieve its objective following the existence of limited resources. The manager plans with every support at disposal. Planning helps the supervisors to allocate every sector of the organization or project required amount of resource that will allow it to deliver its service to the organization (Anantatmula 2010). Most of the organizations fail because they fail to plan. Planning helps the management also to adjust the budget when a deficit is expected or experienced during operation. Finally, planning gives the manager the opportunity to correct areas that are not operating as planned during the production process.

Question 3

Outsourcing is a term used in international business to explain the act of one company giving another company beyond its locality the right to produce its product. Most of these businesses that provide this right try to reduce their production cost. For instance, iPhone Company may give the China market the right to produce iPhones and sell in their market after an agreement (Spencer 2005). This act usually happens when a company wants to venture into a foreign market but finds the production cost high to manage. It, therefore, allow an international company in the market to produce its products at a lower cost in its own countries. Also, domestic companies may be forced to reduce its prices to compete with other local companies. This factor can also push the company to give its production right to an international company and earn a better profit.

About lower prices, it is always the role of the domestic private and public companies to provide job opportunities to the country citizens. However, international outsourcing instead provides the job opportunities that ought to have been for the citizens to foreigners. On the other hand, I would say that instead of making losses from the low local prices, it is better a company create a job in the foreign countries. Lowering of prices would mean there is high competition from the local industries which still will give employment to the locals (Spencer 2005). Outsourcing still ears country revenue through international trade policy. Also, selling at a low price would mean that a company is making losses forcing it to reduce its cost of production by even laying off some of its employees. This instead causes a reduction in employment in the country. Therefore, I am in strong support of international sourcing if it can lead to an increase in revenue. Also, it opens the market for the country’s domestic products. Finally, better a company outsource than to sell its produce at low prices.

References

Spencer, B. J. (2005). International outsourcing and incomplete contracts. Canadian Journal of Economics/Revue canadienne d’économique, 38(4), 1107-1135.

Anantatmula, V. S. (2010). Project manager leadership role in improving project performance. Engineering Management Journal, 22(1), 13-22.

Noe, Raymond, et al. Human Resources Management: Gaining a Competitive Advantage, Tenth Global Edition. McGraw-Hill Education, 2006.

 
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