Shrm

* Strategic Management * Strategic Human Resource Management * Involves aligning initiatives involving how pile argon managed with the organisational mission and objectives. * Strategic Management Process * find out what needs to be done (how) to achieve corporate objectives oer a three- to five year time span. * Examining the organization and the matched environment. * Establishing a strategic (optimal) fit between the organization and its environment that engenders success. * Reviewing and revising the strategic plan as necessary. * Models of Strategy * Industrial scheme (O/I) Model * The external environment is the primary determinant of organizational strategy rather than the internal decisions of its managers. * The environment presents threats and opportunities. * All competing organizations control or have equal access to resources. * Resources atomic number 18 highly liquid between firms. * Organizational success is achieved by offering goods and operate at lower costs than competitors or by differentiating products such that they bring premium prices. * Models of Strategy (contd) * Resource-Based View (RBV) * An organizations resources and capabilities, not external environmental conditions, should be the basis for strategic decisions.

* Competitive advantage is gained through the acquisition and value of organizational resources. * Organizations can identify, locate and acquire key valuable resources. * Resources are not highly mobile across organizations and once acquired are retained. * Valuable resources are costly to imitate and non-substitutable. * The Mission Statement * collective Strategies: Growth * Benefits * Gaining economies of scale in operations and functions * Enhancing competitive position vis-à-vis sedulousness competitors * Providing opportunities for employee professional development and advancement * HR Issues *... If you want to get a full essay, order it on our website: Orderessay

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