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The book discusses the following question: Which trends will manifest themselves in HR practices in the future? The book discusses in detail the following areas of knowledge: o Knowledge management o Performance management o Innovation management o Change management o Organizational design. We examine the following questions: 1. Which key areas of expertise will HR management concentrate on in the future? 2. How can organizations maintain their competitive position using strategic HR management? 3. What key areas of knowledge will HR management concentrate on in the future? 4. What new functional areas will HR departments be concerned with in the future?