Chapter 2 – Strategic Human Resource Management

Chapter 2 – Strategic Human Resource...

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Chapter 2 – Strategic Human Resource Management I. Introduction – the goal of strategic management in an organization is to deploy and allocate resources in a way that gives it a competitive advantage II. What is a business model – a story of how the firm will create value for customers profitably a. Seperation of fixed and variable costs III. What is strategic management? a.i. Generic strategy a.ii. Process of developing strategies for achieving the company’s goals in light of the current environment b. Strategic Human Resource Management – pattern of planned human resource deployments and activities intended to enable an organization to achieve its goals c. Components of the Strategic Management Process c.i. 2 Phases: formulation and implementation c.i.1. formulation – strat planning groups decide on a strat direction by defining the companys mission goals external opportunities threats and its internal strengths and weaknesses c.i.2. implementation – organizations follows through
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This document was uploaded on 10/27/2011 for the course MKT 291 at Miami University.

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Chapter 2 – Strategic Human Resource...

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