Human Resource ch 2 IRSC

Discuss the more popular typologies of generic strategies and the various HRM practices associated with each

For a company to have good strategy foundation certain tasks must be accomplished in pursuit of the company's goals Individuals must possess certain skills to perform those tasks, and these individuals must be motivated to perform their skills effectively.

Describe the different HRM issues and practices associated with various directional strategies

It is important for the HRM function to aid in evaluating the feasibility of the various alternatives and to develop programs that support the strategic choice. Concentration strategies, market development, product development innovation, or joint ventures.

Describe the difference between strategy formulation and strategy implementation

Strategy formulation is the process of deciding on a strategic direction by defining a company's mission and goals, its external opportunities and threats, and its internal strengths and weaknesses. Strategy implementation is the process of devising structures and allocating resources to enact the strategy a company has chosen.

Describe the linkages between HRM and strategy formulation

The HRM function's attention is focused on day-to-day activities. The HRM executive has no time to take a strategic outlook towards HRM issues.

Discuss the role of the HRM function in strategy formulation

administrative linkage, one-way linkage, two-way linkage, and integrative linkage. These four levels of integration exist between the HRM function and the strategic management function. The HRM function needs to be involved with the CEO, the chief CEO, financial officer, president, and various vice presidents.

a strategy focusing on increasing market share, reducing costs, or creating and maintaining a market niche for products and services

concentration strategy

the acquisition of knowledge, skills, and behaviors that improve an employees ability to meet changes in job requirements and in client and customer demands

development

the planned elimination of large numbers of personnel, designed to enhance organizational effectiveness

downsizing

examining the organization's operating environment to identify strategic opportunities and threats

external analysis

an emphasis on acquiring vendors and suppliers or buying businesses that allow a company to expand into new markets

external growth strategy

what an organization hopes to achieve in the medium-to-long term future

goals

the process of examining an organizations strengths and weaknesses

internal analysis

a focus on new market and product development, innovation, and joint ventures

internal growth strategy

the process of getting detailed information about jobs

job analysis

the process of defining the way work will be performed and the tasks that will be required in a given job

job design

the means through which managers ensure that employees activities and outputs are congruent with the organization's goals

performance management

the process of seeking applicants for potential employment

recruitment

behaviors that are required of an individual in his or her role as a jobholder in a social work environment

role behaviors

the process by which an organization attempts to identify applicants with the necessary knowledge, skills, abilities, and other characteristic's that will help it achieve its goals

selection

the organizations strategy; the ways an organization will attempt to fulfill its mission and achieve its long-term goals

strategic choice

A pattern of planned human resource deployments and activities intended to enable an organization to achieve its goals

strategic human resource management (SHRM)

the process of deciding on a strategic direction by defining a company's mission and goals, its external opportunities and threats, and its internal strengths and weaknesses

strategy formulation

List the components of the strategic management process

strategy formulation and strategy implementation

the process of devising structures and allocating resources to enact the strategy a company has chosen

strategy implementation

a planned effort to facilitate the learning of job-related knowledge, skills, and behavior by employees

training