B.E ASSIGNMENT 2. Business plan

B.E ASSIGNMENT 2. Business plan - STUDENT ZONE Chapter 2...

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STUDENT ZONE Chapter 2 Strategic Human Resource Management John Bratton CHAPTER OVERVIEW In Chapter 1, we examined the theoretical debates on the nature of the HRM. Chapter 2 discusses the concept of strategic HRM (SHRM) and explores various themes associated with SHRM. It begins with introducing the student to the traditional prescriptive strategic management model, the SWOT model. The chapter then goes on to examine competing SHRM models: the ‘matching’ model, the ‘control-based’ model, the ‘resource-based’ model and an ‘integrative’ model, before reviewing some important dimensions associated with SHRM: organizational performance, re-engineering, leadership, workplace learning and trade unions. Chapter objectives After reading this chapter, you should be able to: Explain the meaning of strategic management and give an overview of its conceptual framework. Describe the three levels of strategy formulation and comment on the links between business strategy and human resource management. Explain three models of HR strategy, control, resource and integrative. Comment on the various strategic HRM themes of HR-performance link, re- engineering, leadership, workplace learning and trade unions. CHAPTER OUTLINE Introduction Strategic planning model shows how corporate and business level strategies, as well as environmental pressures determine the choices of HRM structures, policies and practices. A number of important questions are addressed: How do higher-level corporate decisions affect HRM? Is it possible to identify a cluster or ‘bundle’ of HR practices with different strategic competitive models? Do firms that adopt certain bundles of HR practices experience superior performance? Strategic management Definition: strategic management refers to a pattern of managerial decisions and actions that determines the long-run performance of the organization. 1
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Strategic management requires constant adjustment of three interdependent poles, figure 2.1. HRM in Practice 2.1 Raising the Profile of the HR Agenda’ this example emphasizes the importance for managers and HR professionals of understanding the links between business strategy and HR strategy. Model of strategic management The prescriptive management literature describes many different strategic planning models. Most however replicate what we have done, they reduce the basic idea to the SWOT model. Model reduces the strategic management process into five neatly delineated steps (see figure 2.2). Hierarchy of strategy
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B.E ASSIGNMENT 2. Business plan - STUDENT ZONE Chapter 2...

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