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Developing Effectiveness in Management and Leadership Fundamental and Leadership

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    Welcome to our blog on "Developing Effectiveness in Management and Leadership Fundamentals for Young Entrepreneurs." This platform is dedicated to helping aspiring online business owners master essential skills and leverage digital marketing strategies effectively. The blog is a project initiated by Esoft MBA Student Batch #29 as part of the Developing Effectiveness Group Project. The team members behind this initiative are Ms. Anjali Fernando, Ms. Chathurika Dissanayake, Mr. Fazil Farook, and Mr. Danushka Rathnayake. In recent years, Sri Lanka has seen a significant shift toward online business, driven by increasing internet access and the rise of e-commerce platforms. The COVID-19 pandemic further accelerated this trend, making a strong online presence essential for business success. For young entrepreneurs in Sri Lanka, the online business landscape offers numerous opportunities, including lower startup costs and access to a global market. However, to succeed, it’s cru...

Future Trends and Outlook in HR Analytics

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 Fazil Farook Figure 1 :HR Analytics, Influence and the Future of HR Introduction: The importance of HR analytics in influencing workforce strategy is growing as the business landscape continues to change. This blog post examines the prominent patterns and prospective views in the realm of HR analytics. Embracing AI and Machine Learning: People analytics transforms raw data into actionable insights, optimizing talent strategies to their fullest potential. Enhanced by artificial intelligence, these analytics become increasingly predictive and potent, equipping HR leaders to proactively address workforce challenges and seize talent-related opportunities.   Despite the clear advantages, a significant number of human resource leaders have yet to fully harness the power of people analytics and AI. A study by Visier and the People Intelligence Alliance reveals that among 3,000 North American companies, a considerable number exhibit limited people analytics capabilities,...

Leadership Development and Succession Planning

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 Fazil Farook  Figure 1:Leadership Succession Planning. Introduction: In the evolving and dynamic world of business today it is crucial to emphasize the significance of nurturing leaders and preparing for successions. The development of leadership guarantees a pool of individuals who can readily assume vital positions while careful succession planning enables seamless transitions, within the organization ensuring its continued progress and stability.   The Essence of Leadership Development: People have admired leaders from all over the world. These leaders skillfully demonstrate how to accomplish difficult goals. While some individuals possess innate leadership qualities it is not a guarantee that they will become leaders. There are traits that make a leader both desirable and likable. To develop leadership qualities, one must focus on cultivating these traits.   Leadership can be defined as "the act of guiding a group of individuals or an organization." ...

Talent Acquisition Tactics- A Modern Approach to Hiring Excellence

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 Fazil Farook Figure 1 :Talent Management in the 21st Century Introduction: In the constantly shifting domain of human resources, the process of talent acquisition serves as a fundamental pillar in achieving organizational triumph. The entire process described above extends beyond the scope of mere recruitment. It encompasses a strategic approach to identifying and attracting applicants that possess the optimal qualifications and attributes that align with a company's goal, hence facilitating its progress and advancement. In the current epoch characterized by swift technological progress and shifting demands of the labor market, the acquisition of talent has assumed heightened significance, necessitating a mastery of this skill. Understanding Talent Acquisition: Talent acquisition refers to a strategy methodology employed by organizations to systematically locate, evaluate, and secure new personnel for their workforce. In contrast to the broader approach of general recru...

Upskilling and Reskilling: HRM's Role in Continuous Learning

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 Fazil Farook Figure 1 :Navigating the Future: Reskilling and Upskilling in the HR Introduction: In today's rapidly evolving business landscape, the need for employees to acquire new skills or enhance their existing ones has never been greater. The concepts of upskilling and reskilling are swiftly becoming cornerstones of modern human resource management (HRM). But what do these terms really mean, and how does HRM play a crucial role in ensuring a workforce that's always learning and growing?   The Evolution of Reskilling and Upskilling: The concepts of reskilling and upskilling have transitioned from mere buzzwords to essential tactics within the realm of talent development. In the past, human resources departments have predominantly directed their attention toward the activities of recruitment, onboarding, and compliance. Nevertheless, with the changing demands of the workforce, human resources professionals have assumed a prominent role in the implementation of reskilling a...

Artificial intelligence – challenges and opportunities for international HRM

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 Fazil Farook Figure 1 :Challenges in Artificial Intelligence Introduction: The field of international human resource management (HRM) is being significantly impacted by the emergence of artificial intelligence (AI). As organizations expand their operations globally, the utilization of artificial intelligence (AI) technologies presents significant opportunities for effectively managing workforces that are diverse and located across different geographical locations. These technologies have the potential to optimize the recruitment process, improve performance analysis, and offer predictive insights for strategic workforce planning. Nonetheless, the integration of artificial intelligence (AI) presents considerable hurdles, including ethical considerations, the possibility of job displacement, and the necessity for HR professionals to acquire new skill sets. The ability to effectively manage the opportunities and difficulties associated with artificial intelligence (AI) is of utmost...