Article Review (human resource management) Example | Topics and Well Written Essays - 500 words

Review (human resource management) - Article Example e, the best performing companies are in a league of organizations that have shifted their focus from development and expansion of facilities to personal development. These include McDonald’s, General Electric, American Express, among others. In a survey carried out by Chief Executive Magazine involving more than 300 global firms, almost all respondents ranked identifying and finding the right leaders as the biggest challenge, with prospects of demand for leadership increasing to the future (Maxwell, 2006). This implies that companies in addition to experiencing challenges in creating a pipeline of leaders within their operations have also to develop new skills and capabilities in accordance with business transformations, investing in leading technologies, and globalizing their operations, in addition to entering into new challenging partnerships. Sam Palmisano, President and CEO of IBM explained that the biggest challenge for companies in embracing globalization, and the main aspect that drives businesses in the current sophisticated market is and has been obtaining and retaining a supply of â€Å"high value skills† (Palmisano, 2006). This explains the strategic decisions by leading companies such as MacDonald’s to review development of the leading 200 managers in ensuring their talents are in tandem with the current market dynamics, and finding ways of imparting more skills to make them more competitive; this puts them in line with the current management demands in a highly dynamic global market. On the other hand, maintaining a high degree of strategic, cultural, and internal fit within an organization ensures such an organization has a perfect system of practices; an organization must not only focus on talent management, but has also to take interests in â€Å"organization learning and knowledge management† (Evans, Pucik & Barsoux, 2002). Therefore, companies will always attain a competitive advantage not only in designing best pr actices, but because