Assessing the State of Readiness in Medium and Large-Scale Industries for Introducing Innovative HR Practices to Catalyze Operational Excellence and Becoming a Cost-Quality Leader

Authors

  • Mitsu B. Patel Parul Institutes of Management and Research, Parul University, Baroda, Gujarat, India
  • Janvi Mehta Parul Institutes of Management and Research, Parul University, Baroda, Gujarat, India

DOI:

https://doi.org/10.37591/joprm.v6i2.7203

Keywords:

Medium and large-scale organization, innovative HR practices, operational excellence, cost-quality leader

Abstract

Innovative HR practices help company in catalyzing operational excellence and cost quality leader. Through innovative HR practices company can convert its intangible innovative HR practices in to tangible results. Before 5 to 10 years company considered HR department as a nonhju7-productive department; but now a day’s scenario has been changed; now a company considers HR department as the most crucial part of the company. The primary objective of this research is to gauge the state of readiness in medium and large-scale businesses to adopt and institutionalize the innovative HR practices with the overall purpose of becoming market leader in their respective markets. The overarching purpose is to understand the DNA of a successful medium scale company, which can emerge as a PAN India cost and quality leader in next 3 to 5 years, especially in terms of benchmark HR practices. The methodology used in the study is quantitative and qualitative in nature and data is obtained through structured questionnaire and interview of 11 manufacturing industries. Eventually, conclusion and recommendations are mentioned.

 

 

References

US Small Business Administration. Table of Small Business Size Standards. Nov 5, 2010.

Economy Watch. Small Scale Industry; Jul 15, 2011.

http://www.businessdictionary.com/definition/operational-excellence.html; April 11,2016

http://www.businessdictionary.com/definition/leader.html; April 11,2016

Mark Dodgson, David Gann, Nelson Phillips, editors. Oxford Handbook of Innovation Management. Oxford University Press; 2013.

Wiener Bryan J. A Theory of Organizational Readiness for Change. Implement Sci. 2009; 4.

Chen C, Huang J. Strategic Human Resource Practices and Innovative Performance: The Mediating Role of Knowledge Management Capacity. J Bus Res. 2007; 62(1): 104–114p.

Cheng T, Mohd A. Human Resource Management Practices and Organizational Innovations: An Empirical Study in Malaysia. Journal of Applied Business Research. 2010; 26(4): 105–115p.

Chen C, Huang J. How Organizational Climate and Structure Affect Knowledge Management: The Social Interaction Perspective. Int J Inf Manage. 2007; 27(2): 104–118p.

Deloitte. The Millennial Survey 2013, http://www2.deloitte.com/global/en/pages/about-deloitte/articles/millennialsurvey-positive-impact.html.

Deloitte. A Report by Deloitte Consulting LLP and Bersin. Deloitte Press; 2014; 4p.

Downloads

Published

2023-07-27

Issue

Vol. 6 No. 2 (2016)

Section

Articles

License

Declaration and Copyright Transfer Form

(to be completed by authors)

I/ We, the undersigned author(s) of the submitted manuscript, hereby declare, that the above manuscript which is submitted for publication in the STM Journals(s), is not published already in part or whole (except in the form of abstract) in any journal or magazine for private or public circulation, and, is not under consideration of publication elsewhere.

  • I/We will not withdraw the manuscript after 1 week of submission as I have read the Author Guidelines and will adhere to the guidelines.
  • I/We Author(s ) have niether given nor will give this manuscript elsewhere for publishing after submitting in STM Journal(s).
  • I/ We have read the original version of the manuscript and am/ are responsible for the thought contents embodied in it. The work dealt in the manuscript is my/ our own, and my/ our individual contribution to this work is significant enough to qualify for authorship.
  •  I/We also agree to the authorship of the article in the following order:

Author’s name                                    

 

1. ________________

2. ________________

3. ________________

4. ________________

 

We  Author(s) tick this box and would request you to consider it as our signature as we agree to the terms of this Copyright Notice, which will apply to this submission if and when it is published by this journal.