Strategic Human Resource Management

Basic Strategic Planning Model

The process of Identifying and executing the Organization’s mission by matching its capabilities with demands of its environment is called strategic management.

Defining the Mission and Setting Top-Level Goals

External Analysis of Opportunities and Threats

Internal Analysis of Strengths and Weaknesses

Selection of Appropriate Strategies

Implementation of Chosen Strategies

Strategy is 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.

Basic strategic trends-• Globalization• Technological advances• The nature of work• The workforce

e Strategy

Corporate Strategy

BusinessStrategy

BusinessStrategy

BusinessStrategy

FunctionalStrategies

There are three levels of strategic planning as shown below

Global expansion

Technology

Strengths and Weaknesses

Improved competition

Uncertainty, Turbulence, Rapid Change, Changing power bases

Companies must be Fast,Responsive, andCost-effective

Strategic human resource management: linking HRM with strategic goals and objectives to improve business performance and develop organizational cultures fostering innovation and flexibility.

Clarify the businessstrategy

Realign the HR functions and keypeople practices

Create needed competenciesand behaviors

Realization of businessstrategies and results

Evaluate and refine