HRM gaining a competitive advantage chapter 002 3rd ed

Resource Management • Discuss the more popular typologies of generic strategies and the various HR practices associated with each.. • Describe the different HR issues and practices asso

Standard Slide Sample

Resource Management

• Discuss the more popular typologies of generic strategies

and the various HR practices associated with each.

• Describe the different HR issues and practices associated

with various directional strategies.

• Discuss the role of HR as a customer service business.

Strategic Management

Strategic Management-Process for analyzing a

company’s competitive situation, developing the

company’s strategic gals, and devising a plan of

action and allocating resources that will increase the likelihood of achieving these goals

 Strategic HRM- is the pattern of planned human Strategic HRM

resource deployments and activities intended to

enable an organization to achieve its goals

Strategic Management Process

2-3

S tra te g y F o rm u la tio n S tra te g y Im p le m e n ta tio n S tra te g y E va lu a tio n

S tra te g ic M a n a g e m e n t P ro c e s s

- reason for

being

- opportunities

- threats

Internal Analysis

- strengths

- weaknesses

Strategic Choice

External Analysis

- opportunities

- threats

Internal Analysis

- strengths

- weaknesses

- ways to fulfill goals and mission

Strategic Choice

- opportunities

- threats

Internal Analysis

- strengths

- weaknesses

- ways to fulfill goals and mission

HR Input

The Role of HR in Strategy

Formulation

2-9

Administrati

ve Linkage

Strategic

Planning

HR Function

Linkage Linkage

Strategic

Planning

Strategic Planning

HR Function

HR Function

The Role of HR in Strategy

Strategic Planning

HR Function

HR Function

HR Function

Linkage Linkage Linkage Linkage

Strategic

Planning

Strategic Planning

Strategic Planning Strategic

Planning

HR Function

HR Function

HR Function

HR Function

Strategic HR Management

2-13

Strategic

Choice

HR needs in Strategy Formulation

- broad career paths

- recruit more from outside

- external pay equity

- results-oriented

External

- replace depleted skills

- need for flexibility, keep morale up

- tie to company success

- performance-based

- things they do best

- sharpen current skills

- promote from within

- internal pay equity

- behavior-oriented

Downsizing

Human Resource Competencies

2-21

HR Professional

Business Competence

Professional

& Technical Knowledge

Integration Competence

Ability to Manage Change