Strategic Human Resource Management and Context
10 important questions on Strategic Human Resource Management and Context
What is the difference between an organizations' mission, vision purpose and business strategy?
Mission is about HOW to accomplish the purpose
The purpose is the WHY of a company
A business strategy is the system of an organization's important choices. It's an intention to achieve certain goals through a planned alignment between the organization and its environment.
What are the four steps within a strategic management process?
2. SWOT
3. Strategy formulation
4. Strategy implementation
What are the four strategies of a business?
2. Financial strategy - How do we fund the strategy?
3. Operational strategy - Which suppliers do we want to use?
4. HR strategy - How can we recruit people?
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What is the meaning of sustainable HRM?
What is the difference between Goal-based strategy, strategic formulation and strategy implementation?
Strategic formulation is the process of forging a cohesive integrated set of strategies designed to deal with the environment and achieve business strategic goals.
Strategy implementation is the actions the organization takes to execute the strategy it has formulated.
What is market mechanisms?
True or false?
'The HR strategy scan builds on the assumption that more fit leads to better performance'
What are the 4 linkages that can be distingued within strategic fit?
- Administrative (no link between strategy and hr)
- On-way (HR is affected by overal strategy)
- Two way (Both have influences)
- Integrative (full alignment)
What is a deadly combination?
For what can the HR strategy scan (six-component model) be used?
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