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Transcript of Dessler 03
HUMAN RESOURCE MANAGEMENT
CHAPTER 3HRM Strategy and AnalysisGARY DESSLER
3*After studying this chapter, you should be able to:Outline the steps in the strategic management process.Explain and give examples of each type of companywide and competitive strategy.Explain what a strategy-oriented human resource management system is and why it is important.Illustrate and explain each of the seven steps in the HR Scorecard approach to creating human resource management systems.
3*The Strategic Management ProcessStrategic ManagementThe process of identifying and executing the organizations mission by matching its capabilities with the demands of its environment.StrategyA chosen course of action.Strategic PlanHow an organization intends to balance its internal strengths and weaknesses with its external opportunities and threats to maintain a competitive advantage over the long-term.
3*Business Vision and MissionVisionA general statement of an organizations intended direction that evokes emotional feelings in organization members.MissionSpells out who the company is, what it does, and where its headed.
3*Types of Strategies
3*Types of Strategies (contd)
3*Achieving Strategic FitThe Fit Point of View (Porter)All of the firms activities must be tailored to or fit the chosen strategy such that the firms functional strategies support its corporate and competitive strategies.Leveraging (Hamel and Prahalad) Stretch in leveraging resourcessupplementing what you have and doing more with what you havecan be more important than just fitting the strategic plan to current resources.
3*Strategic Human Resource ManagementStrategic Human Resource ManagementThe linking of HRM with strategic goals and objectives in order to improve business performance and develop organizational cultures that foster innovation and flexibility.Involves formulating and executing HR systemsHR policies and activitiesthat produce the employee competencies and behaviors that the company needs to achieve its strategic aims.
3*Strategic Human Resource Challenges
3*Human Resource Managements Strategic RolesStrategy Execution RoleStrategic Planning RolesStrategy Formulation Role
3*Creating the Strategic Human ResourceManagement System
3*K E Y T E R M Sstrategic planstrategic managementvisionmissionSWOT analysisstrategystrategic controlcompetitive advantageleveragingstrategic human resource managementHR Scorecardmetricsvalue chain analysis
3*Creating an HR ScorecardOutline value chain activitiesDefine the business strategyOutline a strategy mapIdentify strategically required outcomesIdentify required workforce competencies and behaviorsCreate HR ScorecardIdentify required HR policies and activitiesChoose HR Scorecard measuresSummarize Scorecard measures on digital dashboardMonitor, predict, evaluateThe 10-Step HR Scorecard Process