HR management essay on: “Knowledge Focused Human Resource Management”
This essay is being explained with respect to given topic “Knowledge Focused Human Resource Management helps to create knowledge and innovation in organizations. Organization is a place where people joining hands come together to achieve common goal. The human resource management (HRM) process helps in driving people and activities in an organization for growing it business by creating an edge over its competitors (Madilana 2012). The knowledge must be applied by HR managers and Leaders at their organization for creating intellectual capital which can be commercialized for growing and expanding the business. The learning factor which is being enforced with support of HRM process helps in developing a proper working culture for nurturing creativity and innovation. The knowledge can be in form of how to implement effective communication process so that employees can be trained and developed in a strategic manner. In an organization with support of HRM process several drivers of business such as cost development, innovation, learning, motivation, can be met by coping up with technologies in a successful manner. The knowledge focused human resource management is being defined as a process where Leaders and HR managers develop their people on mutual basis to cope with internal and external business environment. The best practices implemented at organization helps in developing knowledge based organization. In an era of globalization several factors such as changing demand of customers, government policies, fluctuations in economies, changes made in terms of technologies, and lack of skilled workforce might affect the business of an Organization (Michael 2003). To cope up with such problems Human Resource Management must engage employees in learning process for increasing their productivity. The knowledge focused Human resource management deals with factors such as knowhow, skills, creativity and experience which can be easily interlinked with human Capital. The skills are being taught with support of Knowledge focused human resource management process to achieve several factors related to human capital. These factors are such as understanding culture, mission, vision, strategies of a firm by developing strong customer relationship, understanding and learning technical expertise, selling innovative ideas in form of product and services, creating a brand values, empowering employees to facilitate in decision making process, creating a data based with support of technology, and learning new know how techniques. The Intellectual capital is being developed with support of knowledge focused Human Resource Management process so that competitors cannot match an organization’s patents, trademarks, copyrights and trade secrets. The knowledge based organization can also be created with support of knowledgeable teams who develop cohesiveness among members for produce synergic output. The knowledgeable teams also help in creating intellectual capital by working with member’s who belong to several diversities. The knowledge based organization is an example of an effective organization where the power is being distributed among employees according to their levels of Hierarchies (Konigovo 2012). The knowledgeable organization can be developed with effective HRM strategies where recruitment and selection process is handled effectively by training employees that increases overall productivity of an organization in a strategic manner.