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    Member You - Becoming Successful 21st Century Corporations

    How to Create Ideas of Products and Business Opportunities
    A lot of big inventions were discovered " by chance ". Let's take the case of the penicillin. In 1928 the scholar Alexander Fleming discovers it after to have forgotten a culture of mushrooms in his laboratory. He notices that a mildew that had developed (Penicillium notatum) killed all the bacteria around the mushrooms. 17 years later he shared the Nobel price of medicine.Another example, the discovery of Velcro. While taking a walk in the mountains, Georges De Mestrallet, engineer, is irritated by the small balls of a plant that hang themselves to its clothing and to the hairs of his dog. The tiny hooks of the seeds of bardane that it observes to the microscope give him the
    , breaks the status barrier that is common among majority of the organizations. Every employee in the firm is made to feel important and their contributions are valued and recognized.
  • Practice Open Book: In successful organizations, the access to information is not restricted to a small group of elite managers. Successful corporations share information among the employees, so that they are able to use the information to make better decision. In the modern world, it is difficult to argue that knowledge is power, unless that knowledge is put to practice. To apply the existing knowledge to changing business situations, employees need information. Management systems of organization 'that produces profit through people' recognizes the power of information sharing.
    • The qualities of management systems of successful 21st century corporations highlighted by Cascio can be the basis if you are serious to transform your business practices. Be practical. Identify one area from the above seven dimension,
    Are We Losing Our Competitive Advantage?
    Working in the United States has become increasingly competitive.It has been a very challenging time for most Americans. We are facing an international labor market that is highly skilled, competitive and eager to take their place in the international marketplace.On a daily basis we read stories about how American corporations are:· Sending work overseas to China and India · Laying off employees by the thousands · Cutting employee benefits · Demanding salary pay-cuts · Hiring foreign workers instead of Americans · Increasing corporate mergers · Demanding work schedules · And many more…Why are Americans becoming less competitive?The reas
    The Globalisation and Internet are the two major forces that are responsible for the radical changes that are going on among the business firms in Asia. Successful 21st century corporations responded

    well to the threats and opportunities of the business environment. What makes these corporations different? Its the effective management systems in place that is responsible for their success.

    Successful organizations, adopt effective management system and policies that are able to generate profit through their employees. Cascio (2006, p.27-29), in his book titled 'Managing Human resource: productivity, Quality of Work Life, Profits'(published by McGraw-Hill) lists seven practices/dimensions that form part of the 'management systems that produce profits through people' . They are:

    • Job Security: Though the life-long employment is no longer possible, successful business organizations continue to offer high degree of employment security for their employees. Unless the organizational and HR policies reflect the organization's commitment to their employees' job security, it will be impossible to get the employees full support and commitment. There are organizations that take extra-ordinary steps to keep their labour force at the optimum number from day one, to avoid any subsequent lay-offs. To these successful organizations, hiring employees is a last option. This is radically different from those firms which hire and fire without any strategic HR planning. Job security to become a reality, HR managers and senior management need to adopt strategic human resource planning.
    • Selective Hiring: Not every Tom, Dick and harry get a job. A well planned and carefully administered recruitment and selection is the basis by which selective hiring to managed. According to Cascio, it is only possible to hire selectively when the following requirements are met.
      • There is a large number of potential candidates
      • Organisation is clear about its human skill requirements: Knowledge, Skills, Abilities, Attitudes, personality attributes and Talents.
      • Selection focuses on attributes of candidates that are difficult to change. If you can select the right candidate with the (Talent, Abilities, Skills and Knowledge) in the first place, you need not spend your time and resources to train them.
    • Decentralisation with Autonomous Teams: The traditional centralized structure depended on command and control approach to get things done. Employees working in teams are able to respond to the unique and demanding business situations much more effectively. Enabling employees to take responsibility and depending on other team members.
    • Comparatively high Compensation: Successful 21st century corporations pay well,
    • compared to their competitors. These organizations adopt unique and innovative compensation practices for all their employees
    • Comprehensive Training: Management systems that recognize the power of training invariably do well. Despite the fact that they practice selective hiring, successful organization know the importance of keeping their employees knowledge, Skills and Abilities current to suit to the changing needs of the enterprise. They focus both on technical and people related soft skills training. Training is seen by these firms as a competitive tool in terms of recruitment, retention and employee performance. Training is also a powerful tool that enable the employees meet their self actualization need, a top order need identified by Abraham Maslow as part of Hierarchy of Needs theory.
    • Active Involvement of Everyone regardless of status: The management systems of successful organization incorporate policies and HR practices that take full advantage of employees' ideas, talents, skills and knowledge. It taps the expertise of everyone in the organization. Recognizing the talents and skills of all employees and enabling and encouraging them to offer solutions and ideas for the well being of the organization, breaks the status barrier that is common among majority of the organizations. Every employee in the firm is made to feel important and their contributions are valued and recognized.
    • Practice Open Book: In successful organizations, the access to information is not restricted to a small group of elite managers. Successful corporations share information among the employees, so that they are able to use the information to make better decision. In the modern world, it is difficult to argue that knowledge is power, unless that knowledge is put to practice. To apply the existing knowledge to changing business situations, employees need information. Management systems of organization 'that produces profit through people' recognizes the power of information sharing.
    The qualities of management systems of successful 21st century corporations highlighted by Cascio can be the basis if you are serious to transform your business practices. Be practical. Identify one area from the above seven dimension,
    The Perfect Position - Rockin' Resumes (Part I of II)
    You know exactly how you’re going to set up your desk, you’ve got an excellent outfit all picked out for your first day, and you even found a gorgeous leather shoulder bag to tote all of your important businesswoman necessities. You’re all ready for your new job. There’s just one problem: You don’t actually have a job yet.After weeks of combing the want ads and pumping your friends and family for leads, you’ve compiled a list of jobs that are absolutely ideal. You just know they’ll love you when you go in for your interview. So how do you get the interview?The key, my fabulous friend, is your resume. A good resume won’t just get your foot in the door; it’ll blow the door right off its hinges
    al and HR policies reflect the organization's commitment to their employees' job security, it will be impossible to get the employees full support and commitment. There are organizations that take extra-ordinary steps to keep their labour force at the optimum number from day one, to avoid any subsequent lay-offs. To these successful organizations, hiring employees is a last option. This is radically different from those firms which hire and fire without any strategic HR planning. Job security to become a reality, HR managers and senior management need to adopt strategic human resource planning.
  • Selective Hiring: Not every Tom, Dick and harry get a job. A well planned and carefully administered recruitment and selection is the basis by which selective hiring to managed. According to Cascio, it is only possible to hire selectively when the following requirements are met.
    • There is a large number of potential candidates
    • Organisation is clear about its human skill requirements: Knowledge, Skills, Abilities, Attitudes, personality attributes and Talents.
    • Selection focuses on attributes of candidates that are difficult to change. If you can select the right candidate with the (Talent, Abilities, Skills and Knowledge) in the first place, you need not spend your time and resources to train them.
  • Decentralisation with Autonomous Teams: The traditional centralized structure depended on command and control approach to get things done. Employees working in teams are able to respond to the unique and demanding business situations much more effectively. Enabling employees to take responsibility and depending on other team members.
  • Comparatively high Compensation: Successful 21st century corporations pay well,
  • compared to their competitors. These organizations adopt unique and innovative compensation practices for all their employees
  • Comprehensive Training: Management systems that recognize the power of training invariably do well. Despite the fact that they practice selective hiring, successful organization know the importance of keeping their employees knowledge, Skills and Abilities current to suit to the changing needs of the enterprise. They focus both on technical and people related soft skills training. Training is seen by these firms as a competitive tool in terms of recruitment, retention and employee performance. Training is also a powerful tool that enable the employees meet their self actualization need, a top order need identified by Abraham Maslow as part of Hierarchy of Needs theory.
  • Active Involvement of Everyone regardless of status: The management systems of successful organization incorporate policies and HR practices that take full advantage of employees' ideas, talents, skills and knowledge. It taps the expertise of everyone in the organization. Recognizing the talents and skills of all employees and enabling and encouraging them to offer solutions and ideas for the well being of the organization, breaks the status barrier that is common among majority of the organizations. Every employee in the firm is made to feel important and their contributions are valued and recognized.
  • Practice Open Book: In successful organizations, the access to information is not restricted to a small group of elite managers. Successful corporations share information among the employees, so that they are able to use the information to make better decision. In the modern world, it is difficult to argue that knowledge is power, unless that knowledge is put to practice. To apply the existing knowledge to changing business situations, employees need information. Management systems of organization 'that produces profit through people' recognizes the power of information sharing.
    • The qualities of management systems of successful 21st century corporations highlighted by Cascio can be the basis if you are serious to transform your business practices. Be practical. Identify one area from the above seven dimension,
    Surprise! Accounting is the Hot New Major
    There was a time when accounting was the boring college major that many people regretted signing up for. A constant barrage of numbers, statistics and spreadsheets was none too interesting.Boy, have times changed! Thanks to recent accounting scandals by companies like Enron, there is a high demand for accountants and auditors.According to the Job Outlook 2005 survey, accounting comes out on top as the most in-demand major on college campuses. Forget dot com start ups. Cleaning up a company’s accounting books is what’s in.But can accounting be sexy?“All the focus on accounting created a perception to students that accounting matters and is perhaps even sexy,” says Ira Solomon, h
    ge, Skills, Abilities, Attitudes, personality attributes and Talents.
  • Selection focuses on attributes of candidates that are difficult to change. If you can select the right candidate with the (Talent, Abilities, Skills and Knowledge) in the first place, you need not spend your time and resources to train them.
  • Decentralisation with Autonomous Teams: The traditional centralized structure depended on command and control approach to get things done. Employees working in teams are able to respond to the unique and demanding business situations much more effectively. Enabling employees to take responsibility and depending on other team members.
  • Comparatively high Compensation: Successful 21st century corporations pay well,
  • compared to their competitors. These organizations adopt unique and innovative compensation practices for all their employees
  • Comprehensive Training: Management systems that recognize the power of training invariably do well. Despite the fact that they practice selective hiring, successful organization know the importance of keeping their employees knowledge, Skills and Abilities current to suit to the changing needs of the enterprise. They focus both on technical and people related soft skills training. Training is seen by these firms as a competitive tool in terms of recruitment, retention and employee performance. Training is also a powerful tool that enable the employees meet their self actualization need, a top order need identified by Abraham Maslow as part of Hierarchy of Needs theory.
  • Active Involvement of Everyone regardless of status: The management systems of successful organization incorporate policies and HR practices that take full advantage of employees' ideas, talents, skills and knowledge. It taps the expertise of everyone in the organization. Recognizing the talents and skills of all employees and enabling and encouraging them to offer solutions and ideas for the well being of the organization, breaks the status barrier that is common among majority of the organizations. Every employee in the firm is made to feel important and their contributions are valued and recognized.
  • Practice Open Book: In successful organizations, the access to information is not restricted to a small group of elite managers. Successful corporations share information among the employees, so that they are able to use the information to make better decision. In the modern world, it is difficult to argue that knowledge is power, unless that knowledge is put to practice. To apply the existing knowledge to changing business situations, employees need information. Management systems of organization 'that produces profit through people' recognizes the power of information sharing.
    • The qualities of management systems of successful 21st century corporations highlighted by Cascio can be the basis if you are serious to transform your business practices. Be practical. Identify one area from the above seven dimension,
    Double the Effectiveness of Your Company Brochure
    Let's face it - most brochures go straight into the bin. But if you know the big mistake to avoid, as well as the secret to make people keep your brochure - and read it, over and over again - you're laughing.The big mistake I'm talking about is that brochures too often focus on the company itself. They describe, in great detail, the company's commitment to excellence, how pro-active the company is, how many awards the company's products or services have won and how innovative they are.Prospective clients, of course, couldn't care less.Prospective clients want to know what's in it for them. They want to improve their bottom line. They want to make their lives easier. That's what's impo
    y do well. Despite the fact that they practice selective hiring, successful organization know the importance of keeping their employees knowledge, Skills and Abilities current to suit to the changing needs of the enterprise. They focus both on technical and people related soft skills training. Training is seen by these firms as a competitive tool in terms of recruitment, retention and employee performance. Training is also a powerful tool that enable the employees meet their self actualization need, a top order need identified by Abraham Maslow as part of Hierarchy of Needs theory.
  • Active Involvement of Everyone regardless of status: The management systems of successful organization incorporate policies and HR practices that take full advantage of employees' ideas, talents, skills and knowledge. It taps the expertise of everyone in the organization. Recognizing the talents and skills of all employees and enabling and encouraging them to offer solutions and ideas for the well being of the organization, breaks the status barrier that is common among majority of the organizations. Every employee in the firm is made to feel important and their contributions are valued and recognized.
  • Practice Open Book: In successful organizations, the access to information is not restricted to a small group of elite managers. Successful corporations share information among the employees, so that they are able to use the information to make better decision. In the modern world, it is difficult to argue that knowledge is power, unless that knowledge is put to practice. To apply the existing knowledge to changing business situations, employees need information. Management systems of organization 'that produces profit through people' recognizes the power of information sharing.
    • The qualities of management systems of successful 21st century corporations highlighted by Cascio can be the basis if you are serious to transform your business practices. Be practical. Identify one area from the above seven dimension,
    Alert! An Over-50 Jobseeker Has Just Entered the Building
    Interviewing Tips for the Older Job-seeking PopulationA red alert is probably melodramatic, but I’m sure jobseekers in this age bracket probably feel there is one. The bulk of the job-seeking population is currently facing job-search woes that the elderly population has been experiencing for years.In recent years, I’ve seen that over-50 jobseekers have wised up to the fact that age bias is still existent in America’s workforce. Armed with this information, these jobseekers are redesigning their r?sum?s so that obvious red flags are no longer present. Employers are finding it more difficult to "guesstimate" someone’s age because these individuals are eliminating older positions, degree dat
    , breaks the status barrier that is common among majority of the organizations. Every employee in the firm is made to feel important and their contributions are valued and recognized.
  • Practice Open Book: In successful organizations, the access to information is not restricted to a small group of elite managers. Successful corporations share information among the employees, so that they are able to use the information to make better decision. In the modern world, it is difficult to argue that knowledge is power, unless that knowledge is put to practice. To apply the existing knowledge to changing business situations, employees need information. Management systems of organization 'that produces profit through people' recognizes the power of information sharing.
    • The qualities of management systems of successful 21st century corporations highlighted by Cascio can be the basis if you are serious to transform your business practices. Be practical. Identify one area from the above seven dimension, and work towards improvement. Start reviewing the current HR practices. To move forward you need to ask questions. The best way to unfold new ideas is to use the 5W + 1H model (What, When, Why, Where, Who and How) extensively. Welcome to the club of Successful 21st Century Corporations.

    Once you get started, just remember you are on your way to join the elite club of successful 21st Century Corporations.

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