... to be a private one as long as being assessed by local government. So in 1997, XL had taken advantage of this opportunity to become a private-owned business. Meanwhile, bedding products manufactory had been established. Based on these two advantages, in 2003, the asset of XL had been up to RMB 120 million, the annual sales volume was around RMB 200 million and the annual net profit was RMB 15 million. It had become ranking top five company in this industry in Xiaoshan where is the largest supplier of feather and bedding products in the world, actually, there are more than 200 companies in this city. Now with approximate 700 employees, XL wants to achieve more competitive advantages and become more powerful in this market. John Bratton (2003) has pointed out that human resource management is a strategic approach to managing employment relations which emphasizes that leveraging people's capabilities is ...

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