Describe the two approaches of make or buy

Reference no: EM1333492

HRM/Organizational Leadership

Describe the two approaches of "make or buy" in regards to developing required competencies, in context of human resource development and organizational change management.

Option Steps Advantages Disadvantages

Make Training Altered Takes advantage of May be slow
Incentives existing knowledge/ Not all current emp.
skill base willing or able

Buy Recruitment Can quickly add May undercut
Selection required morale/commitment
knowledge/skills of existing employees

Reference no: EM1333492

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