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"In the long run, striving to enhance all four Cs will lead to favorable consequences for individual well- being, societal well- being, and organizational effectiveness (i.e., long-term consequences). By organizational effectiveness we mean the capacity of the organization to be responsive and adaptive to its environment. We are suggesting, then, that human resource management has much broader consequences than simply last quarter's profits or last year's return on equity. Indeed, such short-term measures are relatively unaffected by HRM policies. Thus HRM policy formulation must incorporate this long-term perspective." Different interpretations of HRM Michigan model Employees as business resources Should be obtained as cheaply as possible Used sparingly Developed and exploited as much as possible Matching model aim is to achieve fit between human resource & business strategy through: Selection of most suitable people to meet business needs Performance in pursuit of business objectives Appraisal, monitoring performance and providing feedback to the organization and its employees Rewards for appropriate performance Developmentof the skills and knowledge required to meet business objectives"In the long run, striving to enhance all four Cs will lead to favorable consequences for individual well- being, societal well- being, and organizational effectiveness (i.e., long-term consequences).