Strategic human resource management (SHRM) involves aligning human resource policies and activities with organizational strategy to ensure employees have the necessary competencies and behaviors to achieve strategic goals. SHRM plays both a strategy execution role in administering initiatives like downsizing and a strategy formulation role by identifying opportunities, threats, strengths, and weaknesses to help develop the strategic plan. The challenges of SHRM include supporting corporate performance improvement efforts and requiring HR units to be more involved in designing the company's strategic plan rather than just executing it.

1. Chapter - 2 The strategic Role Of H.R.M

2. Strategic Mgmt Process Strategy: the company’ long term plan for how it will balance its internal strengths & weaknesses with its external opportunities and threats to maintain a competitive advantage. Strategic Mgmt: the process of identifying and executing the organization's mission by matching its capabilities with the demands of its environment.

3. Process of SM Define the current Business Vision Mission Perform External & Internal Audits Formulate New Business and Mission statements Translate the Mission into Strategic goals SWOT analysis

4. Process of SM Formulate strategies to Achieve the Strategic goals Implement the Strategies Evaluate Performance Strategic control

5. Types of Strategies Corporate strategy Diversification Vertical integration Consolidation Geographic expansion Competitive strategy Cost Leadership Differentiation Focusers curve Functional strategy

6. S.H.R.M Formulating and executing HR systems HR policies and activities that produce the employee competencies and behaviors the company needs to achieve its strategic aims.

7. Challenges of SHRM The need to support corporate productivity and performance improvement efforts Employees play an expanded role in employer’s performance improvement efforts Human resource units must be more involved in designing - not just executing - the company’s strategic plan

8. Strategic Roles of HRM The strategy execution Role Heart of HR manger’s strategic job Administer downsizing, reducing health-care costs, retaining employees etc. The strategy Formulation Role Identifying, analyzing, and balancing the company’s external opportunities and threats and its internal strengths and weaknesses.

9. Thank You