strategic human resource management Flashcards
what are the definitions of strategy in a business context by Alfred D. Chandler
‘the determination of the long-run goals and objectives of an enterprise and the adoption of courses of action and the allocation of resources necessary for carrying out these goals’
what are the definitions of strategy in a business context by Michael Porter
‘competitive strategy is about being different. It means deliberately choosing a different set of activities to deliver a unique mix of value’
what are the definitions of strategy in a business context by Peter Drucker
’ a firm’s theory about how to gain competitive advantages’
what are the definitions of strategy in a business context by Henry Mintzberg
‘a pattern in a stream of decisions’
what are the definitions of strategy in a business context by Exploring Strategy
‘the long-term direction of an organisation’
what are the five proposed different ways of conceiving strategy by Mintzberg (1987)
The 5P’s as a possible solution
There is no single definition of strategy but rather a plurality of definitions.
- Plan
- Ploy
- Pattern
- Perspective
- Position
what is Human resource management by Beardwell and Clayton p.4, 2010
a collection of policies used to organise work…and centres on the management of people…concerned with recruitment, selection, learning and development, reward, communication, teamwork and performance management
who are the stakeholders who have an interest in HRM
shareholders
management
employee groups
government
community
unions
what are the situational factors of HRM
workforce characteristics
business strategy and conditions
management philosophy
labour market
unions
task technology
laws and societal values
what are the HRM policy choices, outcomes and long-term outcomes
policy choices;
employee influence
human resources flow
reward strategies
reward systems
work systems
HRM outcomes;
commitment
competence
congruence
cost effectiveness
long-term outcomes
individual well-being
organisational effectiveness
societal well-being
what is the gather facts of strategic plan process
gather inputs;
- from all stakeholders
- customers analysis
- competitor analysis
- industry analysis
- environmental
- company performance
what is the SWOT analysis of strategic plan process
- external analysis
- opportunities
- threats
- strengths
- weaknesses
- strategic questions
- strategic issues
what is the review inputs of strategic plan process
- all stakeholders
- review inputs
- review SWOT analysis
- define 3-4 key statements
what is the strategic matrix of strategic plan process
- all stakeholders
- define strategies to address SWOT combinations:
- opportunities vs strengths
- opportunities vs weaknesses
- threats vs strengths
- threats vs weaknesses
what is the define strategies of strategic plan process
- objectives
- key strategies
- short and long term goals
- operational plans