a. HR’s Evolving Role – It’s the firm’s workforce that provides the competitive advantage for the firm. HR’s role is shifting from protector and screener to strategic partner and change agent.
b. Strategic Human Resource Management refers to improving business performance and developing an organizational culture that fosters innovation and flexibility by linking HRM with the strategic goals and
objectives of the firm.
c. HR’s Role As a Strategic Partner can be seen as either adapting individual HR practices to fit specific corporate and competitive strategies or as an equal partner in the strategic planning process.
1. HR’s Role in Executing Strategy – Execution has been HR’s traditional strategic role.
2. HR and Value Chain Analysis – Strategy execution usually involves identifying and reducing costs, and
therefore value chain analysis.
3. HR’s Role in Formulating Strategy – HR management can play a role in environmental scanning by assisting in identifying and analyzing external opportunities and threats that may be crucial to the company’s success.
b. Strategic Human Resource Management refers to improving business performance and developing an organizational culture that fosters innovation and flexibility by linking HRM with the strategic goals and
objectives of the firm.
c. HR’s Role As a Strategic Partner can be seen as either adapting individual HR practices to fit specific corporate and competitive strategies or as an equal partner in the strategic planning process.
1. HR’s Role in Executing Strategy – Execution has been HR’s traditional strategic role.
2. HR and Value Chain Analysis – Strategy execution usually involves identifying and reducing costs, and
therefore value chain analysis.
3. HR’s Role in Formulating Strategy – HR management can play a role in environmental scanning by assisting in identifying and analyzing external opportunities and threats that may be crucial to the company’s success.
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