Strategic human resource management ppt
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Strategic human resource management research paper
Gic human resource gic human resource gic human resource management• shrm is part of strategic planning• strategic plan : the company’s plan for how it will match its internal strengths and weaknesses with its external opportunities and threats to maintain a competitive advantage• essence is to ask “ where are we now as a business, where we want to be, and how should we get there”. Then formulates specific strategies (human resources and other) to take the company from where it is now to where he or she wants it to be• strategy : the company’s long term plan for how it will balance its internal strengths and weaknesses with its external opportunities and threats to maintain a competitive advantage.
Shrm means formulating and executing human resource policies and practices that produce the employee competencies and behaviors the company needs to achieve its strategic aims• e. Rising costs• rapid technological change• changing demographics• more limited supplies of highly trained labor• rapidly changing government legislation and regulations• increased globalization of gic management process• strategy : the company’s long term plan for how it will balance its internal strengths and weaknesses with its external opportunities and threats to maintain a competitive advantage• strategic management : the process of identifying and executing the organization’s mission by matching its capabilities with the demands of its environment.
Essence of strategic planning - “ where are we now as a business, where we want to be, and how should we get there”• steps in strategic management• sm entails both strategic planning and implementation• the process of identifying and executing the organization’s strategic plan, by matching the company’s capabilities with the demands of its environment. Sm process consist of 7 steps• 1-5, strategic planning• 6-7, implementation• step1 - define the current business• choose the terrain on which it will compete – what product it will sell, where it will sell them, how to differentiate products from its competitors.
Step 4 : translate the mission into strategic goals• operationalizing the mission for managers – strategic goals• for each department• step 5 : formulate strategies to achieve the strategic goals• strategies, course of action – how to move from the current business to what it wants to. Step 7 : evaluate performance• management monitors the extend to which the firm meeting its strategic goals• strategic control – keep strategy up to date• according to the environmental changes• competitors of strategiesthree types of strategic planninga)corporate strategy• company wide level (corporate level)• pepsico runs pepsi, fritto lay, and pizza hut, so needs a corporate level strategy• diversification- expand by adding new product lines• vertical integration – expands by producing its own raw onships among strategies in multiple business firms corporate strategy business 1 business 2 business 3 competitive strategy competitive strategy competitive strategy functional functional functional strategies strategies strategies.
Functional strategy• business composed of departments – manufacturing, selling, finance, hrm• this identify the basic courses of action that each department will pursue in order to help the business attain its competitive -based elearning course - linkedin course - linkedin cation for interactive course - linkedin gic human resource management. Human resource gic human resource gic human resource management a guide to gic hr sent successfully..
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