Setting objectives

Making basic planning

forecasts

Reviewing alternative
courses of action
Identifies the portfolio of businesses that,
Corporatelevel strategic
in total, comprise the company and how
planning
these businesses relate to each other.

Business unit (or competitive)

strategic planning

Identifies how to build and strengthen the

business’s competitive position in the Functional (or departmental)
marketplace strategic planning

Identify what each department

must do to help the business
accomplish its strategic goals.
 Evaluating which options
The management are best
planning process
HR Metrics, Benchmarking
and Data Analytics
Choosing and
implementing plan

The Strategic management

process 

Strategic management is the process of identifying a

executing the organization’s strategic plan by matching
HRM Strategy and Strategic company’s capabilities (strengths and weaknesses) wit
Types of strategies demands of its environment (its competitors, customers
Performance management
suppliers, for instance).

Means formulating and executing human resource policies

Strategic Human Resource
and practices that produce the employee competencies and
Management
behaviors the company needs to achieve its strategic aims.

Managers use several tools to translate the company’s strategic goals into human

resource management policies and practices. These tools include the strategy map,

Tools
the HR scorecard, and the digital dashboard.

Strategy map HR Scorecard Digital Dashboards

 nd
g the
h the
s, and