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Strategy Formulation

Strategy Formulation. Strategy Formulation. Strategic Human Resource Management. It provides direction to organization Effective organizational strategies are required for organization to accomplish its mission while being guided by an investment perspective.

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Strategy Formulation

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  1. Strategy Formulation

  2. Strategy Formulation Strategic Human Resource Management • It provides direction to organization • Effective organizational strategies are required for organization to accomplish its mission while being guided by an investment perspective. • Strategy driven role behaviors, types of HR activities, types of organization, network organizations and organizational learning will be examined. • Then integration of strategy with HR planning will be explored.

  3. Importance of HR Resources To Strategy Strategic Human Resource Management • Strategic HR will provide competitive advantage. • HRM is the key to obtaining competitive advantage. (Quality Workforce) • Developed Employee Skills • Distinctive organizational Culture • Management Processes • Management Systems • HR managers has to realize: • Under-utilized workers • Lack of trust • Resistance to change • Poor labor-management relations • Motivational problems • Restrictive work practices

  4. Importance of HR Resources To Strategy Strategic Human Resource Management • Economic Turbulence • Recession • Globalization • Technology • Changing Demographics • Changing work force values • Alignment Questions • What kind of people will be needed to lead the organization in the years to come? • People and practices aligned with future strategic needs, produce superior organizational performance.

  5. Theoretical Foundations Strategic Human Resource Management Strategic Concepts & Definitions • The goal of strategic HR management is the effective applications of such resources to meet organizational strategic requirements and objectives. • Strategic HR Management Definition • Its about integration and adaptation. Its concern is to ensure: • HRM is fully integrated with the strategy and strategic needs of the organization • HR policies should integrate with policy areas and managerial hierarchies • HR policies are adjusted, accepted, and used by line managers and employees consistently

  6. Strategic HR Activity Typology Strategic Human Resource Management High Strategic Value of Activity Type of HR Activity Low Relationship Transactional

  7. Classifying HR Types Strategic Human Resource Management External Source of Labor Internal Group Contribution Individual Contribution Assignment & Promotion Criteria

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