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Strategic Human Resource

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STRATEGY
Concept & Process
By Ambarish | Amit | Hemant | Prasanth

Its all about where do you want to go and how you mean to get there.

Definition : Strategy
A set of decisions and actions used to formulate and implement strategies that will provide a competitively superior fit between the organization and its environment so as to achieve organizational goals.

The Concept of Strategy
• Innovation • Quality • Cost Leadership

Competitive Advantage

Strategy

Distinctive Capabilities

• • • •

Value Creation Rarity Non- Imitability Non-Substitutability

Strategic Fit

• Strategy renewal • Internal resources should be in-sync with the external environment

The Fundamentals of Strategy
• Long term objectives and goals of organizations. • Expression of the leadership position the organization wants to attain & establishes a clear criterion on how progress towards its achievement would be measured. - Hamel & Prahalad (1989)

Strategic Intent

Resource based strategy

• The Strategic Capabilities of a firm depends on its resource capability. • Sustained competitive advantage stems from the acquisition and effective use of bundles of distinctive resources that competitors cannot imitate. – Barney (1991)

Strategic Capabilities

• Ability of an organization to develop and implement strategies that will achieve sustained competitive advantage. • It depends upon the strategic capability of the managers of the organization. • Its important to know where you are headed and how they will get there.

The Fundamentals of Strategy
Strategic intent

Strategic Mgmt

STRATEGIC FIT

Resource based Strategy

Strategic Capability

Strategic Management:

Understanding all inter-linking factors

The Formulation of Strategy

 The process for developing a sense of direction.  It’s a step by step affair to formulation of...

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