Development of organisational capability at SISCO Article

Development of organisational capability at SISCO - Article Example In a large transnational organization of the size of SISCO, certain key initiatives that were initiated by the leadership team to acquire, retain, groom and manage talent are discussed in detail in the remaining part of this paper. Human resources is one of the most valuable and unique assets of an organization. According to Leon C. Megginson, the term human resources refer to "the total workforce, as well as the values, attitudes and beliefs of the individuals involved (Noble, 1985)." Management as a process involves planning, organizing, staffing, leading and controlling activities that facilitate the achievement of an organization's objectives. All these activities are accomplished through efficient utilization of physical and financial resources by the company's human resources. Human Resources management is one of the most complex and challenging fields of modern management. A human resource manager has to build up an effective workforce, handle the expectations of the employees and ensure that they perform at their best. He/she also has to take into account the firm's responsibilities to the society that it operates in. Human resource management deals with the "people" dimension in management. In their book Human Resource Management, Byars and Rue, say "Human Resource Management encompasses those activities designed to provide for and coordinate the human resources of an organization (Rue, 2000)." According to Ivancevich and Glueck, "Personnel or Human resource management is the function performed in organizations that facilitates the most effective use of people or employees to achieve organizational and individual goals (Glueck, 1995)." Every organization is composed of people and utilizing their services, developing their skills, motivating them to enhance their levels of performance and ensuring that they remain committed to the organization are essential for the accomplishment of organizational objectives. This is true for all types of organizations - government, business, education, health, recreation and social action. Acquiring and retaining good human resources is an essential pre-condition for the success of every organization. Organizations that can do this will be both effective i.e. they will be able to achieve their goals as well as efficient i.e. they will use minimum resources necessary to achieve their goals. Inefficient or ineffective organizations face the danger of stagnating or going out of business. Competent managers and workers are essential for the coordination of efforts towards the ultimate objectives which ensure the survival of the organization. Though such coordination alone cannot guarantee success, the lack of it can lead to failure. In the changing times, it has become evident that it is the human resourc