Strategic HRM Flashcards
What is the map of HRm territory (Harvard Model) (Beer et al)?
Shows how HRM policy decisions within organizations as well as their outcomes and consequences are influenced by a variety of interdependent stakeholder interests and situational factors.
What is the importance of HRM strategy?
Organisations who implement an effective HRM strategy are likely to gain a competitive advantage through better use of human capital. e.g. sports consultancies hire individuals with interpersonal skills who can add value
How would a firm create an overall business strategy that SHRM would then draw upon?
. Conduct a SWOT analysis
. Porter’s 5 forces model to deal with O&T
. Resource based view (RBV) for S&W
What is an example of a sport firm analysis using SWOT and how that would affect SHRM?
e..g spurs new stadium=more workers
What is the definition of strategic HRM (SRHM)?
‘the pattern of planned human resource deployments and activities intended to enable an organization to achieve its goals’.
What are the two main approaches to deciding the SHRM in relation to the business strategy?
Best fit and best practice
What is the best practice approach?
Normative approach to HR identifying 7 HRM practices that closely correlated with exceptionally high performing and profitable organizations.
What are the components of the best practice approach?
- Selective recruitment.
- Developing a decentralized organization which supports self-managed teams.
- Providing employment security.
- Providing high rewards relative to other organizations, but based on performance.
- Extensive training.
- Sharing information.
- Reducing status differentials in the workplace
What is a sporting example of best practice in sport?
. NGB may off extensive training, employ more and offer high rewards
. UK sport may then cut funding e.g.badminton and this strategy may longer work & then financial difficulty
. best practice may work less in sport due to temporal nature of some employment
What is the best fit approach?
HR practices should be closely integrated with organizational strategy and structure in order to enact different competitive strategies.
What is the best-fit approach?
HR practices should be closely integrated with organizational strategy and structure in order to enact different competitive strategies.
What are the components of the best-fit approach?
• Selection of the most suitable people to meet business needs • performance in the pursuit of business objectives • appraisal monitoring performance and feedback to the organisation • rewards for appropriate performance • development of the skills and knowledge required to meet business objectives • Often associated with 'hard HRM'
How does a best-fit approach apply to sport organisations?
. Norwich City model- young cheap players to be moulded to fit the team
. Real/Barca- expensive players with big names to please fans and sponsors
. Small vs big sports center will want to employ varying numbers of workers and the quality of them based on strategy and costs
What is a shared service centre?
Semi-autonomous entity responsible for the execution and the handling of specific operational tasks, such as accounting, human resources, payroll, IT, legal, compliance, purchasing, security
What is a sporting example of shared service model being used and why?
Sport England moved to shared serive model:
. To save costs- £1mil saved in 1st two years instead of outsourcing
. Improve client service