Professional Documents
Culture Documents
Concept of strategy
The direction and scope of an organization over the long term. It should match the resources of the organization to its changing environment (markets, customers and other stakeholders). Strategy determines the direction where the organization is going
Concept of strategy
It is a long term plan It is the pattern of the organizationss behavior over time (descriptive meaning of strategy) It is a perspective : a fundamental way of doing things (mission) A ploy: a specific manoeuvre to outwit a competitor
Strategic fit
Capabilities and resources to the environment (opportunities and threats) The business (or corporate) strategy to functional strategies and strategies of business units Every part of the strategy area should be mutually supportive
A good HR strategy:
satisfy business needs is founded on detailed analysis can be turned into actionable programmes is coherent and integrated takes account of the needs of line managers, employees and other stakeholders
An HR strategy can be
Overarching / overall / general Specific: focuses on specific areas
Talent management Development Reward management
Overall HR strategies
describe the general intentions of the organization about how people should be managed and developed and what steps should be taken to ensure that the organization can attract and retain the people it needs; and ensure that employees are committed, motivated, engaged.
High-performance management
Aims to effect organizational performance through people. HRM areas involved (HPWS high performance work systems):
Recruitment & selection Training and development Reward management Performance management
High-involvement management
Commitment ad involvement opposed to bureaucratic control. Treating employees as partners. Providing opportunity for the employee to control and understand their work. Communication for mutual understanding.
High-commitment management
A form of management aimed at eliciting a commitment so that behavior is primarily self-regulated rather than controlled. Organizational relations based on trust. Approaches to achieve commitment:
Career ladders and emphasis on trainability Functional flexibility Reduction of hierarchy, ending of status differentails Reliance on teams: dissemination, structuring work, problem solving Intrinsic satisfaction via job design Permanent employment with temporary workers Merit pay and profit sharing Involvement in quality management
Specific HR strategies
HC management High-performance management Corporate social responsibility Organization development Engagement Knowledge management Resourcing Talent management Learning and development Rewarding Employee relations