What types of environmental and organizational challenges face corporations today? What HR strategies help firms handle some of these challenges to achieve and sustain competitive advantages?

What will be an ideal response?

Answer: Environmental challenges include workforce diversity, skill shortages, globalization, and the rise of the Internet. HRM can handle workforce diversity by increasing cultural sensitivity, raising awareness of growing diversity in the workforce, implementing policies to help break the glass ceiling, and raising awareness of generation gap issues. Organizational challenges include decentralization, downsizing, and organizational restructuring. HR policies can help firms' competitive position by controlling costs, improving quality, and creating distinctive capabilities.