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Human Resource Management
Strategic management involves formulating, implementing, and evaluating business strategies to achieve organizational objectives. It includes environmental scanning to identify opportunities and threats, strategy formulation at various levels, and evaluation to ensure goals are met. The process benefits organizations by improving decision-making, resource allocation, and adaptability to change.
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Human Resource Management
- 1. HUMAN RESOURCE Dr.Aravind.T.S © Dr.AravindTSDec 2020 STRATEGIC MANAGEMENT
- 2. Strategy © Dr.AravindTS Dec2020 “Strategy is a way of doing something. It includes the formulation of goals and setting of action plans for accomplishment of that goal.”
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- 4. Strategic © Dr.AravindTS Dec2020 A Process of formulating, implementing and evaluating business strategies to achieve organizational objectives is called Strategic Management Management
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- 6. Definition © Dr.AravindTS Dec2020 A Process of formulating, implementing and evaluating business strategies to achieve organizational objectives is called Strategic Management Strategic Management
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- 8. Strategic Management Environmental Scanning:Analyse the Opportunities and Threats in External Environment © Dr.AravindTS Dec 2020
- 9. Strategic Management Environmental Scanning:Analyse the Opportunities and Threats in External Environment Strategy Formulation: Formulate Strategies to match Strengths and Weaknesses. It can be done at Corporate level, Business Unit Level and Functional Level. © Dr.AravindTS Dec 2020
- 10. Strategic Management Environmental Scanning:Analyse the Opportunities and Threats in External Environment Strategy Formulation: Formulate Strategies to match Strengths and Weaknesses. It can be done at Corporate level, Business Unit Level and Functional Level. Strategy Implementation: Implement the Strategies © Dr.AravindTS Dec 2020
- 11. Strategic Management Environmental Scanning:Analyse the Opportunities and Threats in External Environment Strategy Formulation: Formulate Strategies to match Strengths and Weaknesses. It can be done at Corporate level, Business Unit Level and Functional Level. Strategy Implementation: Implement the Strategies Evaluation & Control: Ensure the organizational objectives are met. © Dr.AravindTS Dec 2020
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- 13. Importance & Benefits 1.Allows identification, prioritization and exploration of opportunities 2. Provides an objective view of management problems. 3. Represents framework for improved co-ordination and control 4. Minimizes the effects of adverse conditions and changes 5. Allows major decisions to better support established objectives 6. Allows more effective allocation of time and resources 7. Avoids ad hoc decisions 8. Helps to integrate the individual behaviours 9. Encourages forward thinking 10. Encourages favourable attitude towards change. © Dr.AravindTS Dec 2020
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- 15. Role of HRM 1.Role in Strategy Formulation 2. Role in Strategy Implementation © Dr.AravindTS Dec 2020 In Strategic Management
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- 17. Thank You © Dr.AravindTSDec 2020