The document discusses strategic human resource management (SHRM). It defines SHRM and explains its key aims, including achieving integration between HR and business strategies. It also outlines the strategic management process of analyzing the environment, identifying objectives, developing alternative strategies, evaluating options, selecting a strategy, implementing tactics, and reviewing strategies. Finally, it discusses different perspectives on SHRM, including universal, contingency, and configurational views.
Development of Strategic Management towards a Strategy to achieve Competitive...theijes
The scope of discussion in this scientific papers, on development of strategic management is expected to give an understanding to academics and practitioners of that science in development of strategic management paradigm shift based on changes in environment of the military strategy theory towards a strategy to achieve competitive advantage.
A key maxim in business is: never acquire a business you don’t understand how to run. Equally, it would be true to say: never adopt a strategy you don’t understand how to implement.
We cannot implement what we don’t know. "If a man takes no thought about what is distant, he will find sorrow near at hand. He who will not worry about what is far off will soon find something worse than worry."—Confucius. Jim Skinner, CEO of McDonald’s, says, “We do so well because our strategies have been so well planned out.” And let me say here that, just as a football team needs a good game plan to have a chance for success, a company must have a good strategic plan to compete successfully.
CHARTER 1 EVOLUTION OF BUSINESS POLICY AND STRATEGY (1).pptxDanielDeGuzman23
Strategy and strategic plans: How they are different and why it matters
Strategy creates a common understanding of what an organization wants to achieve and what it needs to do to meet its goals. Strategic plans bridge the gap from overall direction to specific projects and day-to-day actions that ultimately execute the strategy. Job No. 1 is to know the difference between strategy and strategic plans — and why it matters.
Strategy defines the long-term direction of the enterprise. It articulates what the enterprise will do to compete and succeed in its chosen markets or, for the public sector, what the agency will do to achieve its mission.
Strategic planning defines how the enterprise will realize its strategic ambitions in the midterm. Too often, strategic plans are created and then forgotten until the next planning cycle begins. A well-done strategic plan turns an enterprise strategy into a clear roadmap of initiatives, actions and investments required to execute the strategy and meet business goals.
Functional strategic plans document the choices and actions needed for the function to move from the current state to the desired end state, and contribute effectively to the enterprise business model and goals.
Strategy meaning
Strategy concept
Strategic management
Strategy management process
Strategic HRM
Aims of strategic HRM
Approaches to strategic HRM
HR strategies
Types of Hr strategies
Difference between strategic HRM and HRM
Hard & soft elements of HRM
This paper’s objective is to present the importance of the strategic planning in business management. Speaking of strategic planning is always speaking in general terms and how to fix paths of behavior will necessarily affect deeply and significantly in the future evolution of the company or organization that adopts it. Today we think of the organization as part of an environment and in terms of options or choices based on what you have, of its surroundings and the opportunities or pathways that can lead to achieving the objective, (Garrido, 2009). For this work the method used was a bibliographical review of relevant articles from a range of authors was conducted. The conclusions were that the be properly analyzed and adapted to the precise conditions and characteristics of the small business or, more generally, to any type of business for which the planning is intended. Strategic planning brings multiple benefits (which exceed its disadvantages) if applied in the right way, however, there are inherent risks, which can be overcome with proper monitoring and control.
Development of Strategic Management towards a Strategy to achieve Competitive...theijes
The scope of discussion in this scientific papers, on development of strategic management is expected to give an understanding to academics and practitioners of that science in development of strategic management paradigm shift based on changes in environment of the military strategy theory towards a strategy to achieve competitive advantage.
A key maxim in business is: never acquire a business you don’t understand how to run. Equally, it would be true to say: never adopt a strategy you don’t understand how to implement.
We cannot implement what we don’t know. "If a man takes no thought about what is distant, he will find sorrow near at hand. He who will not worry about what is far off will soon find something worse than worry."—Confucius. Jim Skinner, CEO of McDonald’s, says, “We do so well because our strategies have been so well planned out.” And let me say here that, just as a football team needs a good game plan to have a chance for success, a company must have a good strategic plan to compete successfully.
CHARTER 1 EVOLUTION OF BUSINESS POLICY AND STRATEGY (1).pptxDanielDeGuzman23
Strategy and strategic plans: How they are different and why it matters
Strategy creates a common understanding of what an organization wants to achieve and what it needs to do to meet its goals. Strategic plans bridge the gap from overall direction to specific projects and day-to-day actions that ultimately execute the strategy. Job No. 1 is to know the difference between strategy and strategic plans — and why it matters.
Strategy defines the long-term direction of the enterprise. It articulates what the enterprise will do to compete and succeed in its chosen markets or, for the public sector, what the agency will do to achieve its mission.
Strategic planning defines how the enterprise will realize its strategic ambitions in the midterm. Too often, strategic plans are created and then forgotten until the next planning cycle begins. A well-done strategic plan turns an enterprise strategy into a clear roadmap of initiatives, actions and investments required to execute the strategy and meet business goals.
Functional strategic plans document the choices and actions needed for the function to move from the current state to the desired end state, and contribute effectively to the enterprise business model and goals.
Strategy meaning
Strategy concept
Strategic management
Strategy management process
Strategic HRM
Aims of strategic HRM
Approaches to strategic HRM
HR strategies
Types of Hr strategies
Difference between strategic HRM and HRM
Hard & soft elements of HRM
This paper’s objective is to present the importance of the strategic planning in business management. Speaking of strategic planning is always speaking in general terms and how to fix paths of behavior will necessarily affect deeply and significantly in the future evolution of the company or organization that adopts it. Today we think of the organization as part of an environment and in terms of options or choices based on what you have, of its surroundings and the opportunities or pathways that can lead to achieving the objective, (Garrido, 2009). For this work the method used was a bibliographical review of relevant articles from a range of authors was conducted. The conclusions were that the be properly analyzed and adapted to the precise conditions and characteristics of the small business or, more generally, to any type of business for which the planning is intended. Strategic planning brings multiple benefits (which exceed its disadvantages) if applied in the right way, however, there are inherent risks, which can be overcome with proper monitoring and control.
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
Have you ever heard that user-generated content or video testimonials can take your brand to the next level? We will explore how you can effectively use video testimonials to leverage and boost your sales, content strategy, and increase your CRM data.🤯
We will dig deeper into:
1. How to capture video testimonials that convert from your audience 🎥
2. How to leverage your testimonials to boost your sales 💲
3. How you can capture more CRM data to understand your audience better through video testimonials. 📊
Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
price and product quality), as well as assessing competitive and market conditions
(i.e., industry structure in the language of economics).
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
➢ SUPER JUNIOR-L.S.S. THE SHOW : Th3ee Guys in HO CHI MINH
➢FreenBecky 1st Fan Meeting in Vietnam
➢CHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
➢ WOW K-Music Festival 2023
➢ Winner [CROSS] Tour in HCM
➢ Super Show 9 in HCM with Super Junior
➢ HCMC - Gyeongsangbuk-do Culture and Tourism Festival
➢ Korean Vietnam Partnership - Fair with LG
➢ Korean President visits Samsung Electronics R&D Center
➢ Vietnam Food Expo with Lotte Wellfood
"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
What is the TDS Return Filing Due Date for FY 2024-25.pdfseoforlegalpillers
It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
What are the main advantages of using HR recruiter services.pdfHumanResourceDimensi1
HR recruiter services offer top talents to companies according to their specific needs. They handle all recruitment tasks from job posting to onboarding and help companies concentrate on their business growth. With their expertise and years of experience, they streamline the hiring process and save time and resources for the company.
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
2. The concept of strategic human
resource management (SHRM):
At the end of this topic, students should be able to understand:
Meaning of Human Resource Management/introduction
Meaning of Strategy
Meaning of Strategic Management
Aims of SHRM
Strategic HRM Model
Strategy Formulation Process
Perspectives of SHRM
3. Introduction
The term HRM has largely taken over that of personnel management’,
which took over that of ‘labour management’ in the 1940s.
Human resource management can be defined as a strategic, integrated
and coherent approach to the employment, development and well-being
of the people working in organizations.
It was defined by Boxall and Purcell (2003) as ‘all those activities associated
with the management of employment relationships in the firm’.
4. Meaning of Strategy
Strategy is the approach selected to achieve specified
goals in the future.
It is the determination of the long-term goals and objectives of an enterprise, and the
adoption of courses of action and the allocation of resources necessary for carrying out
those goals.
The formulation and implementation of corporate strategy is a process for developing a
sense of direction, making the best use of resources and ensuring
strategic fit.
Strategy has three fundamental characteristics.
First, it is forward looking. It is about deciding where you want to go and how you mean to
get there.
Second, The second characteristic of strategy is the recognition that the organizational
capability of a firm (its capacity to function effectively) depends on its resource capability
(the quality and quantity of its resources and their potential to deliver results).
5. Meaning of strategy …….
The third characteristic of strategy is that it aims to achieve strategic fit –
the need when developing functional strategies such as HR to achieve
congruence between them and the organization’s business strategies
within the context of its external and internal environment.
6. Strategic management
According to Boxall and Purcell (2003), strategic management is best
defined as a process. It is a process of strategy making, of forming and, if
the firm survives, reforming its strategy over time.
Strategic management was described by Johnson et al (2005) as
understanding the strategic position of an organization, making strategic
choices for the future, and turning strategy into action.
7. SHRM defined
Strategic human resource management (strategic HRM or SHRM) is an
approach to the development and implementation of HR
strategies(Human capital management, reward, learning and development,
knowledge management, corporate social responsibility, engagement,
organizational development, talent management, resourcing – attracting
and retaining high-quality people) that are integrated with business
strategies and support their achievement.
SHRM is the interface between HRM and strategic management (Boxall,
1996).
Schuler and Jackson (2007: 5) stated that SHRM is fundamentally about
‘systematically linking people with the firm’.
8. Aims of SHRM
The fundamental aim of strategic HRM is to generate organizational capability by ensuring that
the organization has the skilled, engaged, committed and well-motivated employees it needs to
achieve sustained competitive advantage.
SHRM has three main objectives:
First to achieve integration – the vertical alignment of HR strategies with business strategies and
the horizontal integration
of HR strategies.
The second objective is to provide a sense of direction in an often turbulent environment so that
the business needs of the organization and the individual and the collective needs of its
employees can be met by the development and implementation of coherent and practical HR
policies and programmes.
The third objective is to contribute to the formulation of business strategy by drawing attention to
ways in which the business can capitalize on the advantages provided
by the strengths of its human resources.
9. Strategic fit
The concept of strategic fit stresses that when developing HR strategies it
is necessary to achieve congruence between them and the organization’s
business strategies within the context of its external and internal
environment.
This notion is fundamental to SHRM, as was stressed by Wright and
Snell (1998: 758) who wrote: ‘The primary role of strategic HRM should
be to promote a fit with the demands of the competitive environment.
11. Strategy formulation process
A logical sequence of strategy formulation steps are as follows:
(i) Environmental Analysis and Diagnosis:
This step is common to both-corporate planning and strategy formulation. It can be done
using SWOT analysis
(ii) Gap Analysis: simply refers to the gap that exists between the existing position of
the company and its intended position in future. Strategy designers then, accordingly,
plan to formulate appropriate strategies to fill in such gap.
(iii) Identification of Mission and Long-Range Objectives of the Enterprise:
The real starting point in strategy formulation is an identification of the mission and long-
range objectives of the enterprise. Mission explains the most fundamental purpose of an
enterprise. It, so to say, explains the raison d’eter (i.e. reason for existence) of an enterprise.
For example, mission of a manufacturing organization maybe production of high quality
goods at affordable prices, for the common men of society. Long-range objectives may
relate to specific aims in areas of e.g. production, marketing, research, public relations,
profitability, market standing etc
12. Strategy formulation process……
(iv) Development of Strategy Alternatives:
As a next step in strategy formulation, strategic (or strategy) alternatives are developed.
Such alternatives are developed in the light of:
1. The mission of the enterprise
2. Long-range goals of the enterprise.
3. Outcomes of SWOT analysis.
4. Extent of gap, as shown by gap analysis
5. Past strategies of the company with their record of success or failure.
6. Strategies of competitors similarly situated.
13. Strategy formulation process..…..
(v) Evaluation of Strategy Alternatives:
After development of strategy alternatives, each alternative is critically evaluated from
the following perspectives:
1. Risk and resource implications
2. Contribution to mission and long-range objectives
3. The extent to which each alternative helps in filling the gap between present position and
future intended position of the enterprise.
(vi) Choice of Strategy:
Selection of the best strategy alternative, after critical evaluation of each alternative,
amounts to choice of strategy for implementation purposes. Choice of strategy is a very
crucial step in strategy formulation; as a wrong choice in this regard might even be fatal for
the organisation.
14. Strategy formulation process……
(vii) Development of Tactics:
Strategies are converted into tactics or operational plans, for implementation purposes.
For example, if the strategy of a business enterprise is to launch an aggressive
advertising campaign; the tactics may include action programmes like:
Preparation of advertising budget
Deciding about media of advertising
Designing of advertising message
Deciding about the frequency of repetition of advertising through various media
15. Strategy formulation process……
(viii) Implementation of Tactics:
A practical step here is to put the tactics or operational plans into practice. For this
purpose, management must ensure that necessary resources are made available to
those, charged with the responsibility for the implementation of tactical plans.
Moreover, such personnel must be duly motivated to undertake their jobs, in a
committed manner.
(ix) Review of Strategy:
After the tactics are put into practice to realize the intentions behind strategy formulation;
a progressive management must review the success or results shown by strategy on a
regular and constant basis; so that –
1. Strategy may be revised suitably and
2. Better strategy formulation may be done in future
16. Summary of strategy formulation
process
9. Review of strategy
8. Implementation of tactics
7. Development of tactics
6. Choice of strategy
5. Evaluation of alternatives
4. Development of strategy alternatives
3. Identification of mission and long-range objecgives
2. Gap analysis
1. Environmental analysis and diagnostic
17. Perspectives on SHRM
Taking into account the concepts of the resource-based view and strategic fit,
Delery and Doty (1996) contended that organizations adopting a particular
strategy require HR practices that are different from those required by
organizations adopting different strategies and that organizations with ‘greater
congruence between their HR strategies and their (business) strategies should
enjoy superior performance.
There exists three HRM perspectives:
First, the universalistic perspective – some HR practices are better than others
and all organizations should adopt these best practices. There is a universal
relationship between individual ‘best’ practices and firm performance.
18. Perspectives on SHRM
Second, the contingency perspective – to be effective, an organization’s
HR policies must be consistent with other aspects of the organization. The
primary contingency factor is the organization’s strategy. This can be
described as ‘vertical fit’
Third, the configurational perspective – this is a holistic approach that
emphasizes the importance of the pattern of HR practices and is
concerned with how this pattern of independent variables is related to the
dependent variable of organizational performance.
19. Class activity/Assignment
Explain any five underpinning theories of HRM
Hints: Human resource management appears to lean heavily on theories of
commitment and motivation and other ideas derived from the field of
organizational behaviour.
A number of theories are relevant in explaining HRM. Such theories
include; the resource-based view, organizational behaviour theory,
contingency theory, human capital theory, resource dependence theory,
AMO theory, social exchange theory, agency theory and so on.
20. Thank you for listening
Thanks for your time