What can the HRM department contribute to the development of Assignment

What can the HRM department contribute to the development of successful leadership within organization - Assignment Example Thus, paper would be broadly discussing the various elements of HR strategies that promote leadership initiatives within organization for improved performance. HRM and leadership development within organization HRM is intrinsically linked to the people and effective HR strategy is aware of the versatility in the work ideology and functioning. In the emerging challenges of the changing business equations, the organizational leadership redefines strategic goals to create versatility and flexibility of the contemporary work environment. Kotter (1995) asserts that HR strategies promote dynamic leadership which is versatile and capable of exploiting the potential of workers as per the demands of the changing situation. It therefore, helps create effective team that is capable of overcoming the barriers of cross cultural values, self interest and lack of understanding. Leadership initiatives of HRM meeting the challenges of organizational change The organizational change can broadly be def ined as the ability of management to identify and incorporate the factors that increase output and improve the performance outcome of the organization. ... Thus, a better informed leader is capable of taking initiative and at the same time, he is also able to inculcate confidence in his people to adapt to the changes and move forward. Leadership initiatives for HR as proactive human capital Rainey (2006) argues that changing socio economic dynamics have created a highly competitive business environment. The HRM becomes the major enabling factor for leadership initiatives that encourages dynamic strategies and innovative thinking for competitive advantage. Thus, managerial and organizational leadership perspectives become highly critical factors within the wider goals and objectives of the business paradigms. . Commitment to work and loyalty towards employers is considerably increased when the employees are provided scope of enhancing their professional skills and competencies through in-house training and development. Samsung is exemplary example of HRM which has promoted organizational leadership by utilizing its human resource as capi tal investment. The company focused on its strategy of developing research and engineering skills so that it could improve and improvise innovatively on the electrical and digital products of Sony, Phillips, Matsushita and Nokia. It encourages competition amongst the group for innovation and sends potential employees to foreign universities for higher academic qualification. It helps to indigenously develop and foster expert team for improved business performance (Siegel and Chang, 2009). HR leadership that promotes diversity and human competency In the fast evolving environment of multicultural societies, diversity has become intrinsic part of