Sample Essay
The cost leadership strategy is one which the producer attempts to standardize procedure and processes in order to cut costs wherever possible. It is clear that each of these strategies would require different HR policies by companies. For example a company following the cost leadership strategy will be more biased towards the Theory X of management.
This is because they are unlikely to encourage innovation since at the moment all they are planning to do is cut costs. Standardization of jobs might make them less appealing and therefore require more supervision and control to ensure its completion. The same logic can be applied if we consider the business life cycle model. This model simply categorizes the company according to the maturity of the product in the market, meaning when was it introduced and what is its demand in the market. For example a company selling the Mp4 player is more likely to have a different approach to running business then a company selling the radio. These different approaches therefore result in different HR policies.
Benefits of an integrated and contingent approach to Human Resource Management
An important benefit of integration in human resources management with the variety of principles in itself, with the practical work environment and with other disciplines, is simply that human resources provides a more complete and also a broader ranger of solutions. (Gautam Davis 2007)
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