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External and internet analysis combined has come to be called (SWOT analysis- strengths, weaknesses, opportunities, threats)Five important variables determine success in strategy implementation:1.Organizational structure2.Task design3.The selection, training and development of people4.Reward systems5.Types of information and information systemsVertical alignment- the HR practices and processes are aimed at addressing the strategic needs of the business.HRM function has six menus:1.Job analysis/design2.Recruitment/selection3.Training and development4.Performance management5.Pay structure/incentives/benefits6.Labor-employee relationsJob analysis- the process of getting detailed information about jobs.Job design- the process of defining the way work will be performed and the task will be required in a given job.Recruitment- the process of seeking applicants for potential employmentSelection- the process by which an organization attempts to identify applicants with the necessary knowledge, skills, abilities, and other characteristics that will help it achieve its goals.Training- a planned effort to facilitate the learning of job-related knowledge, skills and behavior by employees.
Development- the acquisition of knowledge, skills, and behaviors that improve an employee’s ability to meet changes in job requirements and in client and customer demands. Performance management- the means through which managers ensure that employees activities and outputs are congruent with the organizations goals.Role behaviors- behaviors that are required of an individual in his or her role as a jobholder in a social work environment.Increasing size (growth) or decreasing it (downsizing)Strategies emphasizing market share or operating costs are considered concentration strategies.Strategies focusing on market development, product development, innovation, or joint ventures make up the internal growth strategy.External growth strategy- an emphasis on acquiring vendors and suppliers or buying businesses that allow a company to expand into new markets.Divestment strategy- (or downsizing) made up of retrenchment, divestitures, or liquidationConcentration strategies- a strategy focusing on increasing market share, reducing costs, or creating and maintaining a market niche for products and services. (Maintain current skills that exist in the organization)Internal growth strategies- a focus on new market and product development, innovation, and joint ventures.Downsizing- the planned elimination of large numbers of personnel, designed to enhance organizational effectiveness.The HRM executive should be involved in both the formulation and implementation of the strategy.