MGT 303 strategic HR management

MGT 303 strategic HR management - Chapter 2 -Strategic HR...

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Chapter 2 -Strategic HR Management Sunday, February 13, 2011 7:50 PM What is strategic management? -A process to address the organization's competitive challenges A. Strategic human resource management is the pattern of planned HR activities and deployments intended to enable an organization to achieve its goals. B. Working with finance, leaders in the company, etc. -here is how to organize people to deliver on our strategy Strategic management process phases A. Strategy Formulation - process of deciding company’s strategic direction by defining its mission and goals, external opportunities and threats, and internal strengths and weaknesses. a. Mission -statement of the organization's reasons for being b. Goals -what the organization hopes to achieve in the medium-to-long-term future c. External analysis -examines the organization's operating environment to identify strategic opportunities and threats a. SWOT analysis (strengths, weaknesses, opportunities, treats) d. Internal analysis -identifies the organization's strengths and weaknesses
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This note was uploaded on 05/05/2011 for the course MGT 303 taught by Professor Waugh during the Spring '11 term at Miami University.

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MGT 303 strategic HR management - Chapter 2 -Strategic HR...

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