Impact of Nanotechnology on Human Resource and Organizational Developm

Question: Discuss about theImpact of Nanotechnology on Human Resource and Organizational Development. Answer: Introduction: Impact of Nanotechnology on Human Resource Management and Organizational development Good or Bad? Yes! This is what we need to investigate. For our investigation purpose first we will design a prototype of our final research report, based on this prototype we will go further and try to investigate and analyze the impact of Nanotechnology in the final report. Before going to any research work it is highly recommended to get an idea and knowledge about the concept or foundation of topic. Hence we will go through this and identify the research questions; ultimately these questions will tell us what will be our main focus in the final report? We will also discuss about the scope of the research which will give us a clear idea about the limitations and the nature of the final report. To get the best possible data we will chose an appropriate methodology and justify why we have chosen this and how we can use it in the final report. At last we will conclude by discussing whether the prototy pe of our final report can be accepted or not. A Conceptual Foundation of the Topic At first we need to understand what Nanotechnology is before going to the main discussion. Nanotechnology is nothing but a micro technology commonly used for computer systems and medical science etc. Under this, the technology is divided into various branches and dimensions and conclude the operation within 100 nanoscale (Nano.gov, 2016). The main concept is to find out the impact of Nanotechnology in Human Resource and organizational development though we are not sure about the impact it can be a good or bad one. As we all know the importance of Human Resource in business organizations for its systematic operations. The demand for knowledge and skill based employees has increased a lot in past few decades, companies are trying new technique and adapting new technologies to increase the success rate in todays highly competitive market (Knol, 2004). Nanotechnology is one of those technologies which are highly demandable in business organizations now days. Organizations are using this technology on their employees to enhance the working ability and to maintain balance between them for its overall growth and organizational development (Bogaert, 2004). In order to find out the impact our main focus will be on the following questions in the final research report: What are the contributions of Nanotechnology in the areas of employee motivation, work efficiency level and employee training and development program? What are the contributions of Nanotechnology in new product development and innovation (Michael, 2011)? What are the contributions of Nanotechnology in the field of Information Technology for business applications and communications? Research Development is a major part of any business organization. What are the contributions of Nanotechnology in RD market for providing better resources (Michael, 2011)? What are the contributions of Nanotechnology in producing eco-friendly based items for business organizations? Scope of the Research As the Nanotechnology is under practice it has not been majorly implemented till now, therefore our study is going to provide a futuristic data. The study will analyze the positive and negative impact of Nanotechnology on HRM and Organizational development and will not provide any recommendations. Research Methodology We will use Descriptive research because it will answer the questions of how, when, what, where etc. Also our research is going to analyze the impact of Nanotechnology on Human resource, thus a descriptive research always deals with people or human (Murthy Bhojanna, 2010). Therefore a Descriptive research methodology is more ideal here. How do we Use this Methodology For using this methodology we will rely only on secondary data: For secondary data we will analyze companies existing sales report, annual growth report and employees performance appraisal report, overall attendance report of employees etc (Cyfar.org, 2016). We will choose only those organizations where this Nanotechnology has been tested. Conclusion The main purpose of the study is to find out the impact of Nanotechnology in the field of Human Resource and Organizational development; therefore we have designed a prototype of our final report and made a pre discussion on it. From the above discussion we have gathered knowledge about the research topic and the area of study; according to our research area we have designed a few questions for the final report. As per our study area the descriptive methodology is more appropriate that is why we have chosen this. By following this method and technique we will be able to find best possible outcome in our final report. References Bogaert, D. V. (2004). Nanotechnology: its impact on human resources management and organizational leadership. Retrieved August 17, 2016, from https://www.idc-online.com /technical_references/pdfs/electronic engineering/5.pdf Knol, W. H. C. (2004). Nanotechmology and business opportunities: scenarios as awarenessinstrument. Retrieved August 20, 2016, from https://www.econwpa.repec.org/eps/io/papers/0501/0501003.pdf Michael, B. (2011, January 10). The impacts of nanotechnology oncompanies.Retrieved August19 August, 2016, from https://www.nanowerk.com/spotlight/spotid=19620.php Murthy, S. N., Bhojanna, U. (2010). Business research methods (3rd Ed.). New Delhi: Excel books. University of Minnesota. (2016). Data collection techniques. Retrieved August 19, 2016, from://www.cyfar.org/data-collection-techniques US National Nanotechnology Initiative. (2016, January 01). What is nanotechnology. RetrievedAugust 17, 2016, from https://www.nano.gov/nanotech-101/what/definition