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21?1Challenges for HRM in New
EconomyChallenges for HRM in New
Economy Mainly Come from
Two Source:The Changes in Society and EconomyThe Changes in Business Management
?The Changes Call for Careful
Attention in Society and Economy:Economic Globalization? Knowledge-based Society? The Information Network? Population Urbanization
?Economy Globalization:Change the Frontier of Market Competition? Detect the Subtle Differences among World Markets and
World Products? Recognize and Understand the Differences between
Cultures and Ethnicities? Share Resource World-wide? Scale Economy at the Global Level with Flexible Response
at Local Level
?Knowledge-based Society:The Society will be a Learning Society? The Effect of Knowledge Worker in Corporation
IncreaseThe Ability of Knowledge Management Becomes a Key
to Corporation Success? Continuous Learning will be a Strategic Weapons of
Corporation
?The Information Network:Gradual Disappearance of Physical Distances? Reassign Internal Power within Corporation? Redefine Work Time and Mode
?Population Urbanization:Surplus Labor Moves from Rural Areas to Towns
and Cities? Diversity of Employees? Deal with Clashes among Worker’s Cultures and
ValuesInequality among Employees
?The Changes Call for Careful
Attention in Business Management: Changes in Business Existing Fundamentals? Changes in the Ultimate Source of Business Development? Changes in Development Strategy? Changes in Company Organization Forms? Changes in Business Activities
?Changes in Business Existing
Fundamentals
What?
Why?
How?
For Employees
For Owners
For Customers
For Owners
Satisfaction of Employees
Profits
Satisfaction of Customers
Satisfaction of OwnersChanges in the Ultimate Source of
Business Development
Intellectual Capital
Monetary/CapitalChanges in Development Strategy
Fighting for Resources Fighting for Markets Building Competence
1950s 1990s
Year /
Year /
Cost Reduction Gain GrowthChanges in Company Organization
Forms Virtual Organizations
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