Staffing Ch 2 part 2

Staffing Ch 2 part 2 - Organizational Life Cycle and...

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Organizational Life Cycle and Strategy Choice GROWTH – MATURITY – DECLINE LIFE CYCLE •Strategy during growth phase •New and growing firms often pursue innovation or differentiation strategies to distinguish themselves from their competition. •Strategy during maturity phase •The focus shifts to maintaining or obtaining further market share through cost leadership, often by streamlining operations and focusing on efficiency. •Because mature companies have a larger pool of internal talent from which to draw, the talent focus becomes more internal. •Strategy during decline phase •Can pursue a cost-leadership strategy and allow the decline to continue until the business is no longer profitable. •Can try to make changes to revive the product or service. Talent Philosophy Talent Philosophy : a system of beliefs about how employees should be treated. E.g., Human Resource Strategy : linkage of the entire HR function with the firm’s business strategy in order to improve business strategy execution.
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Staffing Ch 2 part 2 - Organizational Life Cycle and...

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