People are the DNA of a corporation and the Human Resource Systems which support them can make or break a firm's marketplace strategies. It is in a company's best interest to invest sufficient time and resources to identify, develop and implement appropriate human resource systems. In addition to competitive products and services, secure financing, effective selling and distribution and supply chain management, business success requires that people with the appropriate skill, knowledge and ability are hired and that they continue to develop their skills and knowledge. Also necessary is a consistent performance management process and a strong succession management system to ensure that a sufficient supply of talent is ready to fill key positions.