HR is staffed with nice people Essay

strategic management of people through HR programs and policies helps to control organizational outcomes such as Organizational survival, profitability, customer satisfaction and employee performance. HR Professionals have been criticized for not understanding and using language of business when discussing the value of the HR Programs.STRATEGY the formulation of organizational missions, goals, objectives and action plans for achievement that explicitly recognize the competition and the impact of outside environmental forces Future direction and performance targetsStrategic planning=rationale processEnds are measure baleResources are allocated to achieve endsTHE FIVE PS OF STRATEGY BY MINTZBERG1. Plan an intend course of action a firm has selected to deal with a situation 2. Purpose a consistent stream of actions that sometimes are the result of a deliberate plan and sometimes the result of emergent actions based on reaction to environmental changes or shifting of assumptions 3. Ploy a specific invention at the tactical level with a short time horizon 4. Position the location of an organization relative to its competitors and other environmental factors 5. Perspective the constitution of the organizationDESCRIPTIONS OF STRATEGYStrategya declaration of intentStrategic intenta tangible corporate goal, a point of view rough the competitive positions a company hopes to build over a decade Strategic planningthe systematic determination of goals & the plans to achieve them Dynamic process, moving, shifting & evolving as conditions warrant changes Objectivesthe end, the goals, make-it-or-break itPlansthe product of strategy, the means to the endStrategic plana formal written statement that outlines the future directions and goals of an organization, including long-term performance goals/targets Policiesbroad guidelines to action, which arrive at the parameters or rules Strategy formulationthe entire process of conceptualizing the mission of an organization, ident ifying the strategy, and developing long-range performance goals Strategy implementation/ executionthose activities that employees and managers of an organization undertake to ordinate the strategic plan, to achieve the performance goalsSTRATEGY TIMEFRAMESstrategic planning=thinking about the future,the future is unpredictable planning horizon commonly 3-5 years, plans must be flexible enough to cope with changes that appearSTRATEGIC TYPES**different org strategies require different HRM strategies (policies and practices) 1. Corporate strategiesOverall strategy for organization and businesses or interests Usually taper on long-term growth and survival goalsTypically represented in the mission statementIs key to attracting investors as it examines and questions about which competitive strategy to choose from 2. Business Strategies (LOB)a. Focus on one line of business as opposed to overall organization b. Plans to build a competitive focus with supporting(a) action plans in one l ine of business 3. Operational Strategiesa. Resources, processes, people and how they are organized to support the Corporate and LOB strategic direction