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Lecture Human resource management: Gaining a competitive advantage (9/e) – Chapter 2

Chapter 2 - Strategic human resource management. In this chapter, the learning objectives are: Describe the differences between strategy formulation and strategy implementation, list the components of the strategic management process, discuss the role of the HRM function in strategy formulation,. | Chapter 2 Strategic Human Resource Management Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. What is Strategic Management? 2- Strategic Management Process Model Strategy Formulation Strategy Implementation HR Practices Recruiting Training Performance management Labor relations Employee relations Job analysis Job design Selection Development Pay structure Incentives Benefits Firm Performance Productivity Quality Profitability HR Actions Behaviors Results HR Capability Skills, Abilities Knowledge HR Needs Skills Behavior Culture Strategic Choice Goals Mission External Analysis Opportunities Threats Internal Analysis Strengths Weaknesses Strategic Planning and HRM Linkages Strategy Formulation External Analysis Opportunities Threats Internal Analysis Strengths Weaknesses SHRM-Strategy Formulation Mission Goals Strategic Choice Internal Analysis Strategy Implementation Variables Product Market Strategy Performance Types of Information Organizational Structure Task Design Select Train Develop People Reward Systems Strategic Implementation HR Practices Recruiting Training Performance management Labor relations Employee relations Job analysis Job design Selection Development Pay structure Incentives Benefits Human Resource Actions Behaviors Results -productivity -absenteeism -turnover Human Resource Capability Skills, Abilities Knowledge Human Resource Needs Skills Behavior Culture 2- HRM Practices 5 Categories of Directional Strategies Concentration Internal Growth External Growth Mergers & Acquisitions Summary HR are most important asset and single largest most controllable cost within the business model. HR professionals must develop business, professional-technical, change management and integration competencies. HRM has a profound impact on the strategic plan implementation by developing and aligning HRM practices that ensure the . | Chapter 2 Strategic Human Resource Management Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. What is Strategic Management? 2- Strategic Management Process Model Strategy Formulation Strategy Implementation HR Practices Recruiting Training Performance management Labor relations Employee relations Job analysis Job design Selection Development Pay structure Incentives Benefits Firm Performance Productivity Quality Profitability HR Actions Behaviors Results HR Capability Skills, Abilities Knowledge HR Needs Skills Behavior Culture Strategic Choice Goals Mission External Analysis Opportunities Threats Internal Analysis Strengths Weaknesses Strategic Planning and HRM Linkages Strategy Formulation External Analysis Opportunities Threats Internal Analysis Strengths Weaknesses SHRM-Strategy Formulation Mission Goals Strategic Choice Internal Analysis Strategy Implementation .