Abstract

Organizational excellence is at a crossroads today. The drastic change in the business scenario call for a speedy
transformation of mission, vision, core values, core competence, management style, policy framework,
management system, structures, process, renewal mechanism etc. of organization. Any change program would
revolve around people - changing their mind set, behaviour and motivational level. Human resource (HR)
strategy can play an important role in helping organizations achieve change. HR has always been central to
organizations, to-day it has taken on an even more central role in building a firm's competitive advantage.
Success increasingly depends on "people- embodied know-how". Thus, includes the knowledge, skills, and
abilities imbedded in an organization's member. In fact, the key to a firm's success is based on establishing a set
of core competencies - integrated knowledge sets within an organization that distinguishes it from its competitors
and deliver values to customers. Globalised economy has resulted in new business concerns, where future and
success depends on how well change is managed. The dynamic of change becomes one of the central facets of
any business where the role, function and process of HR must be redefined in the context of change. HR
Strategies and practices explain how to manage the transition smoothly, rapidly and successfully and make the
organization competitive always. Competitiveness is the best parameter which determines the survival of
enterprises and organizational excellence in this scenario.

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