Strategy Formulation External Analysis opportunities threats Mission Goals reason for what it being hopes to achieve Internal Analysis strengths weaknesses 2004 by UIBE Liu yuxin 2-11
2004 by UIBE Liu yuxin 2-11 Strategy Formulation Mission - reason for being Goals - what it hopes to achieve External Analysis - opportunities - threats Internal Analysis - strengths - weaknesses
Strategy Formulation External Analysis opportunities -threats Mission Goals Strategic Choice reason for what it being hopes to ways to achieve fulfill goals and mission Internal Analysis strengths weaknesses HR Input 2004 by UIBE Liu yuxin 2-12
2004 by UIBE Liu yuxin 2-12 Strategy Formulation Mission - reason for being Goals - what it hopes to achieve Strategic Choice External Analysis - opportunities - threats Internal Analysis - strengths - weaknesses - ways to fulfill goals and mission HR Input
Strategy ---Decisions about Competition 1.Where to compete? In what market or markets (industries,products,etc.)will we compete? 2.How to compete? On what criterion or differentiating characteristic(s)will we compete?Cost?Quality?Reliability?Delivery? 3.With what will we compete? What resources will allow us to beat our competition? How will we acquire,develop,and deploy t those resources to compete? 2004 by UIBE Liu yuxin 2-13
2004 by UIBE Liu yuxin 2-13 Strategy — --Decisions about Competition 1. Where to compete? In what market or markets (industries, products, etc.) will we compete? 2. How to compete? On what criterion or differentiating characteristic(s) will we compete? Cost?Quality? Reliability? Delivery? 3. With what will we compete? What resources will allow us to beat our competition? How will we acquire, develop, and deploy those resources to compete?
II.The Role of HR in Strategy Formulation Four levels of integration exist between the HR function and the strategic management function 1. Administrative Linkage 2 One-Way Linkage 3. Two-Way Linkage 4. Integrative Linkage 2004 by UIBE Liu yuxin 2-14
2004 by UIBE Liu yuxin 2-14 II.The Role of HR in Strategy Formulation Four levels of integration exist between the HR function and the strategic management function : 1. Administrative Linkage 2. One-Way Linkage 3. Two-Way Linkage 4. Integrative Linkage
The Role of HR in Strategy Formulation Administrative Linkage Strategic This is the lowest level of Planning integration,in which the HRM function's attention is focused on day-to-day activities.No input from the HRM function to the HR company's strategic plan is given. Function 2004 by UIBE Liu yuxin 2-15
2004 by UIBE Liu yuxin 2-15 The Role of HR in Strategy Formulation Administrative Linkage Strategic Planning HR Function This is the lowest level of integration, in which the HRM function’s attention is focused on day-to-day activities. No input from the HRM function to the company’s strategic plan is given