Within an Organisation How Can Managers Effectively Integrate HRM and Technology

question 23

Essay

Within an organisation how can managers effectively integrate HRM and technology to leverage resources? Explore this question considering virtual HRM.

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Definitions:

Production Possibilities Frontier

Represents the maximum potential output of two goods or services an economy can produce when all resources are used efficiently, graphically illustrating opportunity costs and economic efficiency.

Outputs

The goods or services produced by a company or an economy over a certain period of time.

Increasing Opportunity Costs

A principle stating that as the production of a good increases, the opportunity cost of producing an additional unit of this good also increases.

Bowed-Out Shape

Describes a concave production possibilities frontier that reflects increasing opportunity costs as production of one good is increased.