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SHRM

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by Rajnikant george
xidas , jabalpur

Published in: Business, Education
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SHRM

  1. 1. Concept of strategic management
  2. 2. <ul><li>Strategic Human Resource Management </li></ul><ul><ul><li>Involves aligning initiatives involving how people are managed with organizational mission and objectives </li></ul></ul><ul><li>Strategic Management Process </li></ul><ul><ul><li>Determining what needs to be done to achieve corporate objectives, often over 3 - 5 years </li></ul></ul><ul><ul><li>Examining organization and competitive environment </li></ul></ul><ul><ul><li>Establishing optimal fit between organization and its environment </li></ul></ul><ul><ul><li>Reviewing and revising strategic plan </li></ul></ul>
  3. 3. <ul><li>Mission statement </li></ul><ul><li>Environmental analysis </li></ul><ul><li>Organizational self-assessment </li></ul><ul><li>Establishing goals and objectives </li></ul>
  4. 5. <ul><li>Explains purpose and reason for existence </li></ul><ul><li>Usually very broad </li></ul><ul><li>No more than a couple of sentences </li></ul><ul><li>Serves as foundation for everything organization does </li></ul>
  5. 6. <ul><li>• To a chieve international standards of excellence in all aspects of hydro power and diversified business. </li></ul><ul><li>• To execute and operate projects in a cost effective, environment friendly and socio-economically responsive manner. </li></ul><ul><li>• To foster competent trained and multi-disciplinary human capital. </li></ul><ul><li>• To continually develop state-of-the-art technologies through innovative R&D and adopt best practices. </li></ul><ul><li>• To adopt the best practices of corporate governance and institutionalize value based management for a strong corporate identity. </li></ul>
  6. 7. <ul><li>Critical components of external environment </li></ul><ul><ul><li>Competition </li></ul></ul><ul><ul><li>Industry structure </li></ul></ul><ul><ul><li>Government regulations </li></ul></ul><ul><ul><li>Technology </li></ul></ul><ul><ul><li>Market trends </li></ul></ul><ul><ul><li>Economic tends </li></ul></ul>
  7. 8. <ul><li>Critical components of external environment </li></ul><ul><ul><li>Competition </li></ul></ul><ul><ul><li>Industry structure </li></ul></ul><ul><ul><li>Government regulations </li></ul></ul><ul><ul><li>Technology </li></ul></ul><ul><ul><li>Market trends </li></ul></ul><ul><ul><li>Economic tends </li></ul></ul>
  8. 9. <ul><li>Identify primary strengths and weaknesses </li></ul><ul><li>Find ways to capitalize on strengths </li></ul><ul><li>Find ways to improve or minimize weaknesses </li></ul><ul><li>Examine resources </li></ul><ul><ul><li>Physical </li></ul></ul><ul><ul><li>Human </li></ul></ul><ul><ul><li>Technological </li></ul></ul><ul><ul><li>Capital </li></ul></ul>
  9. 10. <ul><li>Examine internal management systems </li></ul><ul><ul><li>Culture </li></ul></ul><ul><ul><li>Organization structure </li></ul></ul><ul><ul><li>Power dynamics and policy </li></ul></ul><ul><ul><li>Decision-making processes </li></ul></ul><ul><ul><li>Past strategy and performance </li></ul></ul><ul><ul><li>Work systems </li></ul></ul>
  10. 11. <ul><li>Examine internal management systems </li></ul><ul><ul><li>Culture </li></ul></ul><ul><ul><li>Organization structure </li></ul></ul><ul><ul><li>Power dynamics and policy </li></ul></ul><ul><ul><li>Decision-making processes </li></ul></ul><ul><ul><li>Past strategy and performance </li></ul></ul><ul><ul><li>Work systems </li></ul></ul>
  11. 12. <ul><li>Goals should be: </li></ul><ul><ul><li>Specific </li></ul></ul><ul><ul><li>Measurable </li></ul></ul><ul><ul><li>Flexible </li></ul></ul>

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