individual businesses to adapt quickly to changing opportunities.
             The growing numbers of organizational employee resources are now regarded as a source of competitive advantage. In recent years, HRM has developed greater recognition for distinctive competencies that are obtained through highly developed employee skills, distinctive organizational cultures, management processes and systems. Competitive advantage can be obtained with a high quality workforce that enables organizations to compete on the basis of market responsiveness, product and service quality, differentiated products and technological innovations.
             HRM is the most important factor for the success of any organization in the competitive global market today. To achieve the strategic objectives of the organization it is essential to get the correct mix of strategy and HR. As a result, a new strategic view of HR has emerge, James Walker suggests that the new role of HR can be explained as the most important management tool to help managers maximize the contribution of their employees to achieve competitive advantage most effectively and efficiently. The infrastructure involved in HR is the correct combination of information and management practices. To Become strategic in HRM means identify the strategic goals of the organizations, and using those goals as the basis of HR programs and procedures. While adopting strategic orientation an organization must accurately assess the needs of the corporation, the nature of the constraints and opportunities it faces such as understanding the organizations culture, environment it operates in, developing and implementing human resource programs that will meet the needs of the organization. In simple words, the driving forces for HR are the present and future business needs of organizations. .
             The Craft System: (1600-1700 A.D) under this system production of goods and services was generated by small groups supervised by a head ...