Strategic managementStrategic Human Resource Management
Prepared By
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Manu Melwin JoyAssistant Professor
Ilahia School of Management Studies
Kerala, India.Phone – 9744551114
Mail – [email protected]
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).
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.
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’.
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.’
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.
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.