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Strategic Human Resource

In: Business and Management

Submitted By prasanth2u
Words 379
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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


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


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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