Professional Documents
Culture Documents
Analysis
Chapter 3
Strat Mangmt: the logic
Strategic management: the process of
identifying and executing the organizations
strategic plan, by matching the companys
capabilities with the demand of its
environment to maintain a competitive
advantage as guided by a selected company
strategy,
Strategy: a course of action the company can
pursue to achieve its strategic aims.
SM starting point: strategic planning
... is the companys overall plan for how it will
match its (1) internal strengths and
weaknesses with (2) external opportunities
and threats in order to maintain a competitive
advantage,
It asks: where are we now as a business,
where do we want to be, and how should we
get there?
Strategic management process
Types of strategies (fig. 5 p.56)
Corporate strategy: how many and what kind
of businesses should we in?
Competitive strategy: what basis will each of
our business compete?
Functional strategy: what each department
must do in order to help the business
accomplish its competitive goals?
Strategic HRM?
... is all about (1) formulating and executing
human resource policies and practices , (2)
that produce the (a) employee competences
and (b) behaviors the company needs to
achieve its strategic aims,
Policies: broad guidelines on how employees
should proceed,
Procedures spell out what to do if a specific
situation arises.
The HR strategy
model
HRM tool:
strategy map
HR metrics and benchmarking
Being able to measure what you are doing is
an essential part of the SHRM process. (why?)
Talent Analytics
High-performance HR policies & practices
Carter Cleaning Company
As a recent graduate and as a person who keeps up with
the business press, Jennifer is familiar with the benefits of
programs such as total quality management and high-
performance work systems.