+ All Categories
Home > Recruiting & HR > Strategic human resource management and strategic management process

Strategic human resource management and strategic management process

Date post: 13-Apr-2017
Category:
Upload: varun-sharma
View: 250 times
Download: 2 times
Share this document with a friend
20
STRATEGIC HUMAN RESOURCE MANAGEMENT AND STRATEGIC MANAGEMENT PROCESS Presented by Varun Sharma MBA 1 st Year 8750479808 [email protected]
Transcript

STRATEGIC HUMAN RESOURCE MANAGEMENT

AND STRATEGIC MANAGEMENT PROCESSPresented by Varun Sharma MBA 1st Year

8750479808 [email protected]

1. SHRM(STRATEGIC HUMAN RESOURCE

MANAGEMENT)

Strategic Human Resource Management

STRATEGYHUMAN

RESOURCE MANAGEM

ENT

STRATEGIC HUMAN

RESOURCE MANAGEM

ENT

STRATEGY

The term ‘strategy’ means formulating an extensive decision plan which gives direction to the organization & helps the organization to utilize its resources appropriately.

HUMAN RESOURCE MANAGEMENT

It is a planed process of development and an integrated strategy to effectively use its human resources , for fulfilling organizational goals.

Definition of SHRMAccording to Wright and Snell, “SHRM can be defined as the organizational systems designed to achieve sustainable competitive advantage through people.”

1.It refers to the human resource management in a proactive manner, describes the organizational objectives and strategies in order to make effective utilization of human resources for attaining the business goals. 2.It integrates strategic aims of the organization with the human resources for attaining the business goals.

NATURE OF SHRM◦ Long-Term Focus: As business strategies are devised for long-term , therefore , focus of SHRM is also long term.◦Associated with Goal-Setting: SHRM comes under the purview of top management.◦Interrelated with Business Strategies: There is an interrelation between business strategies and SHRM.◦Fosters Corporate Excellence Skills: SHRM considers employees as the strategic potential of the organization.

Objectives of SHRM

To Develop Strategic Competencies.

To Give Sense of Direction.

To Achieve Integration And Formulate Business Strategy.

2. STRATEGIC MANAGEMENT PROCESS…

STRATEGIC MANAGEMENT PROCESS

The process of strategic management focuses on developing the strategy of the organization. It is distinct process, which the management uses to select strategies that will help the organization in improving its performance. It is never ending process that evaluates the companies and industries that are associated with the organization and its opponents.

THE STRATEGIC MANAGEMENT PROCESS

ENVIRONMENTAL SCANNING

STRATEGY FORMULATION

STRATEGY IMPLEMANTATI

ONEVALUATION

AND CONTROL

1.ENVIRONMENTAL SCANNING

Environmental Scanning means careful monitoring of internal and external business environment to identify risks and opportunities associated with it. It is a constant process in which the environment is frequently analyzed and diagnosed. In other words, scanning refers to short term forecasting. It involves activities like future studies , future research ,insight activities, projecting etc.

Environmental Scanning Techniques◦ SWOT Analysis : SWOT analysis is framework that identifies the Strengths, Weaknesses , Opportunities and Threats of a project or a business enterprise.◦ETOP(Environmental Threat And Opportunity Profile) : It is a process of structuring environmental issues.◦PEST Analysis : (Political , Economic, Social and Technological) It outlines the macro-environmental factors used for environmental scanning in SHRM.◦ Survey Method : This is a method of collecting qualitative and quantitative information respondents.◦Econometric Technique : It is a quantitative technique which uses mathematical models to stimulate and forecast the environmental factors.

2. Strategy Formulation Strategy formulation means formulation of long-term organizational plans that would assist in the carrying out organizational activities in the best possible way. Strategy formulation is essential optimum functioning of the organization.Strategy formulation involves administering the external opportunities and threats effectively while keeping in mind the strengths and weaknesses of the organization by formulating long term plans. This involves develops the corporate vision, identifying corporate mission, setting realistic objectives, formulating strategies and establishing policy guidelines .

3. Strategy Implementation :Once strategies are formulated and sound strategic

plan has been developed , the next step in the process of strategic management is to ensure effective implementation of formulated strategies. Thus strategic implementation is the process that facilitates is successful execution of the selected strategy. Strategies are implemented with the help of programs , budgets and procedures .This process may also result in modifying organization’s culture, structure and management system.

4. Evaluation and ControlAfter a strategy is implemented successfully, it is important that it is evaluated on a regular basis. Evaluation must be incorporated in the process of strategic management as an essential element of strategy implementation, as it helps in monitoring the whole procedure.Performance is the final outcome of all the activities involved in the process of strategic management.Strategic management process has become widely accepted as it enhances the performance of the organizations.

Importance of Strategic Management◦Fulfilling the Responsibilities of the Board Members◦Helps in Assessing the Objectives◦Develops a Decision-Making Framework◦Helps in Measuring the Progress◦Improves Stability◦Strong Labor Supply◦Strengthens Brand Management

Limitations of Strategic Management

◦Time-Consuming◦Challenging Process◦Absence of Short-Term Benefits◦Unexpected Outcomes◦Poor Adaptability◦Limited to Set of Rules

THANK YOU HAVE A GOOD

DAY !!


Recommended