Professional Documents
Culture Documents
Roll # 16
Semester: 3rd
“An approach that defines how the organization’s goals will be achieved through people by
means of HR strategies and integrated HR policies and practices.”
- A set of processes and activities jointly shared by human resources and line
managers to solve people-related business problems.
Difference:
In 1986, organization’s person was considered as the main resource in terms of achieving
unique characteristics in products from rivals. While in 1990, involvement of managers
showed shared actions with people to solve business related issues.
Porth, 2002
Difference:
In 1992, activities of people were responsible to achieve its long term goals for any firm.
While in 2002, strategic management was referred to as a complete cycle of formulation,
implementation and evaluation of different strategies which in turn define and achieve
organization’s mission and also create value.
Batt, 2007
Difference:
In 2007, the performance of any successful organization depends on the type of strategies
made by the HR and business. While in 2008, Strategic management was considered as the
efforts of managers to adapt the environment with the organization along the development
of competitive advantage that provide opportunities and minimize threats.
Bhalla, 2009
- Strategic management is defined as the set of decisions and actions resulting in the
formulation and implementation of strategies designed to achieve the objectives of
the organization.
John A. Pearce II and Richard B. Robinson, Jr, 2014
Difference:
In 2009, Strategic management was influenced by theories of economics and sociology and
receives more information from business as well as academic world.
First, they view the firm from different standpoints. Strategists explore efficiency from the
perspective of the firm, developing theories of why one strategy is more successful than
another, given product, firm, and industry characteristics. Sociologists focus on efficiency
from the perspective of the corporate environment, developing theories about the context
in which one strategy becomes defined as efficient and diffuses across the corporate
landscape.
Second, they begin with very different methodological imperatives. Strategists seek to
develop adequate theories of why certain strategies are optimal, or at least efficient, based
typically on insights from successful firms, explain variance in behavior across large
populations of firms over time, typically using multivariate models that control for diverse
potential causes.
While in 2014, strategic management was referred to as a set of actions for making and
implementing the strategy and ultimately fulfills the organization’s goals.
In 2015, managing the organization’s mission and adapt the environment with the
organization was collectively made the process of strategic management. While in 2017, it
is an ongoing phenomenon to adapt the environment with the organization that gives you
possible benefits.