Resource Management: The origins of the Resource Management

In recent years, the rapidly changing environment has put pressure on the PIuman Resource Management to justify its existence. As such the Human Resource function must demonstrate that it can add value and deliver results to the organization and its stakeholders. It means, the human resource management practices should and retain excellent employees who, in turn, will enable a firm to provide high quality products and services. However, the contribution of Resource Management to the firm's performance is being debated and number of scholars has stressed the need to view resource management from strategic perspective. The emphasis has been on linking Resource Management (RM) practices on strategy in order to increase the organisational competitiveness and effectiveness. At present there is a dearth of research linking resource management practices with firm's performance. As an attempt to contribute to this area, the present study aims to explore the impact of high performance human resource practices on turnover, productivity and financial performance among the corporate in India and abroad. As such, this study has provided a bridge/to this gap and brought out this report. Natural resources is not new to the practice but it has recently gained dignity as a field of study producing its own scholarship as well as being a widespread practical specialty. Greater attention has been focused on legal issues surrounding the discovery, development, regulation, use, and protection of natural resources because of increased commercial activity and legislative intervention in the area. The responses have included the creation of natural resources departments in law firms and government agencies, specialization by lawyers, addition of natural resources courses to law school curricula, and a proliferation of research and writing in the field. More than ever before, the work of lawyers involves issues related to the allocation, development, and regulation of natural resources. This is attributable partly to the concentration of interest by society in utilizing a pool of resources that is rapidly diminishing. Over the last decade, concern has heightened over the dependence of the United States on foreign sources of energy and hard rock minerals. Domestic exploration and production of these commodities is now increasing. Population growth and periodic drought challenge the ingenuity of engineers and lawyers to develop and to transport available water resources. Because vast land areas are in federal ownership, national policies and laws concerning use of the public lands are vital to the drive for domestic supplies of minerals, counter sheds and water projects, and for a variety of other essential resources such as timber and forage. Never before has there been more demand for outdoor recreation. For most of this century the public has considered the unspoiled areas of the country to be national treasures worthy of preservation. All of these uses and values compete for priority in governmental decision making and in the marketplace. At the same time an awareness of the adverse health impacts and non-aesthetic effects of development has led to elaborate schemes for resource protection such as antipollution legislation. Matters formerly left, largely without success, to private remedies are now controlled by technically detailed statutes and voluminous implementing regulations administered by giant bureaucracies. The challenge to lawyers in this milieu is as exciting as it is awesome.