21st Century Corporate and business scenarios are complex, ambiguous, and have competitive situations while people capabilities are the single common denominator.
Managers and employees who face day to day challenges of improving productivity ,employee engagement , people development , enhancing performance related to the people, are in need of a way to overcome these situations. Interestingly, the solutions are within the business Eco system itself and need to be identified.
Organizations in their pursuit to perform and win at times are at a loss on how to transform and grow. Conventional approaches of advisors, consultants add on to the chaos and leads to more of the same. So, in today's context how can an organization succeed in utilizing its most important resources, assets gainfully for business to grow and thrive.
Historically, we have read about Alexander, the great who travelled across the world, at the time when the territories were uncharted, there were no maps, no geographical boundaries, no knowledge of longitude and latitude, turf, terrain etc. In most situations, Alexander did not have the advantage of wise counsel on ground and had to rely upon his own judgment to take decisions on behalf of the troops. He knew that one wrong decision taken could have resulted in dangerous consequences for his army of over a million men.
In the mid-twentieth century a great majority of India's population depended on agriculture and its allied sectors. As time passed the share of agriculture in the total national income has been gradually decreasing. The late nineties saw the emergence of the technology era in which people became the centre of business. The growth of economy shifted from manufacturing sector to service sector as it contributed major part in GDP. Now, service sector contributes over 50% of country's service tax and is continuously growing due to increase in skilled workforce.
With the growing importance of human capital as a success factor for today's organizations, the role of HR has become more critical for Corporate India. Human resource forms the framework and the role of HR needs to create awareness towards the need to achieve the business goals in the best possible and most ethical manner. In the last few years, the Human Resource has become a key player in strategic planning of all organizational activities. As the profile of the human capital in the industry has changed, the average age of CEO's/ MD has gone down from 60's to 40's. The entry level qualification has gone up from a graduate to at least an MBA at managerial level. The new breed of human capital is highly motivated, enthusiastic and capable of understanding every growing demand of the industry. Today the credit of organizational growth goes to an efficient management of skilled human resource. The industry now looks at HR with a new approach - Transformational HR as against the earlier Transactional HR.