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Strategic management - strategic human resource management

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  1. 1. Strategic management Strategic Human Resource Management
  2. 2. Prepared By Kindly restrict the use of slides for personal purpose. Please seek permission to reproduce the same in public forms and presentations. Manu Melwin Joy Assistant Professor Ilahia School of Management Studies Kerala, India. Phone 9744551114 Mail [email protected]
  3. 3. Fundamentals of Strategy Fundamentally, strategy is about defining intentions (strategic intent) and achieving strategic fit by allocating or matching resources to opportunities (resource-based strategy).
  4. 4. Fundamentals of Strategy The effective development and implementation of strategy depends on the strategic capability of the organization, which will include the ability not only to formulate strategic goals but also to develop and implement strategic plans through the processes of strategic management and strategic planning.
  5. 5. Strategic management The purpose of strategic management has been expressed by Rosabeth Moss Kanter (1984) as being to elicit the present actions for the future and become action vehicles integrating and institutionalizing mechanisms for change.
  6. 6. Strategic management Strategic management has been defined by Pearce and Robinson (1988) as follows: Strategic management is the set of decisions and actions resulting in the formulation and implementation of strategies designed to achieve the objectives of an organization.
  7. 7. Strategic management Strategic management means that managers are looking ahead at what they need to achieve in the middle or relatively distant future. It deals with both ends and means. As an end it describes a vision of what something will look like in a few years time. As a means, it shows how it is expected that the vision will be realized.
  8. 8. Strategic management Strategic management is therefore visionary management, concerned with creating and conceptualizing ideas of where the organization should be going. But it is also empirical management, which decides how in practice it is going to get there.
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