Strategy & Human Resource Management (6 standars of strategic…
Strategy & Human Resource Management
Definition: SHRM is concerned with the relationship between an organisations's strategic management and the management of its human resources.
The literatures identifies three possible reasons for resources inimitability
Causal ambiguity, the reason for an organisation's competitive advantage are not understood clearly by its competitors
The history & timing of the organisation
4 approaches to strategy & strategy making
Emphasis on the role of environment forces. The role of management is to match strategy to external factors.
The processual approaches identifies strategy as an adaptive & emergences process, driven by learning in an organisation.
Analysing an organisations's environment & its internal resources
Identifying & evaluating strategic options
Implementing to strategy chosen
Systemic perspectives are based on the belief that strategy & strategy making will be affected by the social & cultural system within which this occurs.
4 categories of corporate strategies
6 standars of strategic integration
Responses to third-order strategic decision
Interactions with strategy & as a potential driver of future strategic direction
Responses to second-order strategic decision
Allignment of HR policies with themselves & with other functions
Responses to first-order strategic decision
Responsiveness to future uncertainties and need for change
Attributes of resources that lead to competitive advantages