SUMMARY 2 2. INTRODUCTION 3 3. OVERVIEW 3 3. PROBLEM IDENTIFICATION 5 4. SOLUTION 6 4.1. Establish Strategic Transformation Programme Office (Step 1) 9 4.1.1. Leadership Responsibilities 9 4.1.2. Authority, Responsibility and Accountability System 10 4.1.3. Reporting Structures and Communications 12 4.1.4. Strategic Transformation and Change Roles and Responsibilities 12 4.2. Strategic Analysis (Step 2) 13 4.2.1. Core Business and Competency 13 4.2.2. Preferred Culture 13 4.2.3. Create
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Strategic Human Resource Management is the practice of aligning business strategy with that of HR practices to achieve the strategic goals of the organization. The aim of SHRM (Strategic Human Resource Management) is to ensure that HR strategy is not a means but an end in itself as far as business objectives are concerned. The idea behind SHRM is that companies must “fit” their HR strategy within the framework of overall Business objectives and hence ensure that there is alignment between the HR
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5/21/2011 Strategic Planning In real life, strategy is actually very straightforward. Pick a general direction and implement like hell.” Jack Welch, Chairman and CEO, General Electric between 1981 and 2001 1 5/21/2011 • “We have a strategic plan, It´s called doing things.” Herb Kelleher, Cofounder and CEO of Southwest Airlines between 1971 and 2008 • “Strategy is 10 per cent vision and 90 per cent execution.” Percy Barnevik, CEO and Chairman of Asea Brown Boveri between 1988 and 2002 2 5/21/2011
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for Angelo, he has seen the result of a lack of planning, and he can change his errors before trying to branch out into more stores and possibly franchising. Angelo first needs to start a business strategy. A business plan will outline his strategic goals and help Angelo to determine the employees he needs to develop. Certain businesses want to attract and maintain certain people, as Angelo has seen from his previous attempts at rushed hiring. Angelo has to develop a plan that identifies the
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X 10 = 30 Marks) a. Describe the steps of strategic management process. b. What are the HR related risks that small firms can face if they don’t have proper HR system in place? c. What are the different kinds of strategies implemented at different levels in organisations? Describe. d. What are the guidelines that managers should follow while conducting the termination interview? e. What are the various methods for staffing the global organisations? f. What are PEOs
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is with the nurses, CNAs, or other staff members that are there to help care for the patient. A manager is able to explore new staffing techniques and also new care techniques to better take care of their patients. The different types of planning that could be used in any organization are strategic planning, tactical planning, and organizational planning. Strategic planning involves organizational activities and the allocation of resources. This type of planning is considered long term and
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largely amendments to existing strategies, with changes of emphasis, focus, timing etc. • Most companies seem to be applying many aspects of a retrenchment approach to business strategy (e.g. reduced fixed costs, narrower product offerings, reduced staffing) but there are also some aspects of an investment approach which can be observed. However, the potential for these investment approaches is conditioned by concerns about getting access to capital finance. • Both in terms of liquidity support and
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facilities quickly, soon lose credibility with its customers ---Building Cyberplay centers would not be feasible due to capital costs and time constraints ---Has negative net revenue Opportunity ---Prepared to rapidly deploy 200 stores. ---Strategic shift to corporate software training ---Highly creative and imaginative ---Begin marketing to franchisees and area developers ---They can merge to other company Threat ---Only two stores out of 2oo of being prepared were open and it was apparent
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Integrating HR Strategy with Business Strategy Human Resource Management, 5E 1 Learning Objectives • Understanding the Nature of Strategic HRM • Describe the Strategic Management Process • Integrate HR Functions with Strategic Management Process Human Resource Management, 5E 2 Traditional HRM vs. Strategic HRM Traditional HRM Strategic HRM Responsibility for HRM Staff specialists Line managers Focus Employee relations Partnership with internal and external
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Growth Realization Alternatives Distinguishing one's firm from the alternatives is a major concern for any business. Strategic analysis provides the starting point in the strategic management process organizations use to evaluate and choose the competitive advantages that distinguish them from other organizations within the market. Dominating businesses should also "choose among alternative grand strategies to guide the firm's activities, particularly when they are trying to decide about broadening
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