Aligning Human Resources and Business Strategy
Distinctive human resources are firms core competencies
Distinctive human resources are firms' core competencies
Strategic Human Resource Management SHRM is the linking of HRM with strategic goals and objectives in order to improve business performance and develop organizationa cultures that foster innovation and flexibility SHRM is the pattern of planned human resource deployment and activities intended to enable an organization to achieve its goals Strategic human resources management is largely about integration and adaptation. Its concern is to ensure that: (1) human resources (HR)management is fully integrated with the strategy and the strategic needs of the firm; (2) HR policies cohere both across policy areas and across hierarchies; and (3)Hr practices are adjusted accepted, and used by line managers and employees as part of their everyday work
◼ SHRM is the linking of HRM with strategic goals and objectives in order to improve business performance and develop organizational cultures that foster innovation and flexibility. ◼ SHRM is the pattern of planned human resource deployment and activities intended to enable an organization to achieve its goals. ◼ Strategic human resources management is largely about integration and adaptation. Its concern is to ensure that: (1) human resources (HR) management is fully integrated with the strategy and the strategic needs of the firm; (2) HR policies cohere both across policy areas and across hierarchies; and (3) HR practices are adjusted, accepted, and used by line managers and employees as part of their everyday work. Strategic Human Resource Management
The 5-P odel Linking Strategic Business Needs Strategic HRM Activities ORGANIZATIONAL STRTEGY Initiates the process of identifying strategic business needs and provides specific qualities to them NTERNAL EXTERNAL CHARACTERISTICS CHARACTERISTICS STRTEGIC BUSINESS NEEDS Expressed in mission statements or vision statements and translate int strategic business objectives STRATEGIC HUMAN RESOURCES MANAGEMENT ACTMVTIES
The 5-P Model ORGANIZATIONAL STRTEGY Initiates the process of identifying strategic business needs and provides specific qualities to them STRTEGIC BUSINESS NEEDS Expressed in mission statements or vision statements and translate into strategic business objectives EXTERNAL CHARACTERISTICS STRATEGIC HUMAN RESOURCES MANAGEMENT ACTIVITIES INTERNAL CHARACTERISTICS Linking Strategic Business Needs & Strategic HRM Activities
The 5-P odel Pepsi-Cola Internationals strategy Being No. 1 by Creating Value through Leadership and Excellence ● The fastest growing The most committed to customer service and attuned to customer needs ● The best operators o The best selling and marketing company o The best people-oriented company
Pepsi-Cola International’s strategy Being No. 1 by Creating Value through Leadership and Excellence. ⚫ The fastest growing ⚫ The most committed to customer service and attuned to customer needs ⚫ The best operators ⚫ The best selling and marketing company ⚫ The best people-oriented company The 5-P Model