Write the summary after completely learning about the chapter 3
“Human Resource Management Strategy and Analysis”
A strategic plan is an organization’s plan for how it will match its internal strengths and weaknesses with external opportunities and threats in order to maintain a competitive advantage. The human resource (HR) managers must address three basic challenges: 1) support organizational productivity and performance improvement efforts; 2) employees play an expanded role in employers’ performance improvement efforts; 3) HR must be more involved in designing – not just executing – the company’s strategic plan.
Strategic planning hierarchy includes specifying an organization’s mission, objectives, and actions (or specific results) associated with each objective. Therefore, reaching a strategic objective involves accomplishing a set of key actions along the way. Through the objectives and key actions set forth in this strategic plan, we will position ourselves to succeed in an ever-changing environment by efficiently and effectively carrying out our mission.
Figure 1 Strategy Planning Hierarchy For example, figure 1 illustrates the strategic hierarchy embedded in the HumRRO Strategic Plan. At the top of the hierarchy is the HumRRO mission. The mission clarifies our organization’s direction and purpose. It also allows HumRRO staff and clients to see and understand how they fit into the organization’s plans for the future. From there the plan cascades through greater levels of executable depth, from broad objectives to more specific key actions. To ensure continued progress, the plan next addresses the challenge of accomplishing key actions through even more detailed activities. Activities expand key actions by providing additional context and focus for setting our priorities and allocating resources. The measurable outcomes at the bottom of the hierarchy