2 human resource management strategy and analysis · 2019-06-04 · 2-3 learning objectives 4....
TRANSCRIPT
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Human Resource
Management Strategy
and Analysis
2
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Learning Objectives
1. Explain why strategic planning is important to all managers.
2. Explain with examples each of the seven steps in the strategic planning process.
3. List with examples the main generic types of corporate strategies and competitive strategies.
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Learning Objectives
4. Define strategic human resource management and give an example of strategic human resource management in practice.
5. Briefly describe three important strategic human resource management tools.
6. Explain with examples why metrics are essential for managing human resources.
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Why Strategic Planning is
Important to all Managers
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Goal-Setting and the
Planning Process
• The hierarchy of
goals
• Strategic
planning
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Review
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The Seven Steps in the
Strategic Planning Process
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Seven Steps
1. Define current business
2. Audits
3. New directions
4. Strategic goals
5. Formulate strategies
6. Implement
7. Evaluate
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2-9
Review
• Importance of
strategic planning
• Goal setting
• Steps
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The Main Generic Types of
Corporate Strategies and
Competitive Strategies
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Types of Strategies
• Corporate strategy
• Competitive strategy
• Functional strategy
oHuman resources as a competitive
advantage
• Strategic fit
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Corporate Strategies
• Concentration
• Diversification
• Vertical integration
• Consolidation
• Geographic
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Competitive Strategies
• Cost leadership
• Differentiation
• Focus
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Management Roles in
Strategic Planning
• Top Managers’ Role in Strategic
Planning
• Departmental Managers’ Strategic
Planning Roles
oDevise
oSupport
oExecution
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Review
• Types of strategies
oCorporate
oCompetitive
oFunctional
oStrategic fit
• Managerial roles in strategic planning
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Defining Strategic Human
Resource Management with
an Example of Strategic
Human Resource
Management in Practice
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Strategic Human Resource
Management
• Defining strategic
human resource
management
• Human resource
strategies and
policies
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Example
• Shanghai Portman
oService orientation
• Ritz Carlton
oHuman Resource
system
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Mergers and Acquisitions • Due Diligence Stage
oCulture
oCompensation & benefits
oLabor relations, etc.
• Integration Stage
oTop management and leadership
oCommunication
oKey talent
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2-20
Review
• Definition
• Strategies
• Policies
• Service-oriented
example
• Mergers &
acquisitions
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Three Important Strategic
Human Resource
Management Tools
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Strategic Human Resource
Management Tools
• Strategy map
• The HR scorecard
• Digital dashboards
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HR Metrics and
Benchmarking
• HR metrics
oTypes of metrics
• Benchmarking
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2-24
Review
• Strategy map
• HR Scorecard
• Digital dashboards
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2-25
Why Metrics are Essential for
Managing Human Resources
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Strategy and Strategy-
Based Metrics
• Workforce/talent analytics
• Data mining
• HR audits
• Evidence-based HR
oThe scientific method
• Why should a manager be scientific?
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High-performance Work
Systems
• High-performance
human resource
policies and
practices
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2-28
Review • Strategy and strategy-based metrics
• Talent analytics
• Data mining
• Audits
• Evidence-based HR
• The scientific method
• High-performance work systems
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SWOT Analysis
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