Chapter 3

Human Resource Management Strategy and Analysis

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.
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.
 

1
The Strategic Management Process

Why Strategic planning is Important to all Managers?

Goal Setting and The Planning Process

The Hierarchy of goals (levels)

2
The Strategic Management Process

Strategic Planning

Strategic Planning

Strategy

Strategic Management

3
The Strategic Management Process

Types of Strategies

Corporate Strategy

Concentration – Diversification – Vertical Integration – Consolidation – Geographic

Expansion

Competitive Strategy

Cost Leadership – Differentiation – Focus

Must have a competitive advantage / Human resources as a competitive advantage

Functional Strategy

Strategic fit
4
 The Strategic Management Process

Different Roles in strategic planning

Top managers role in strategic planning

Device

Departmental managers roles in strategic planning

Device – Support - Execute

Departmental managers strategic planning roles in

action: Improving mergers and acquisitions

Due diligence stage – Integration stage

5
 Strategic Human Resource Management

Defining Strategic Human Resource Management

Formulating and executing human resource policies and practices that

produce the employee competencies and behaviors the company needs to
achieve its strategic aims

6
Strategic Human Resource Management

Human Resource Strategies and Policies

HR functions

Strategic Human Resource Management Tools

Strategy map (the big picture)

The HR scorecard (financial and non-financial

goals or metrics)

Digital dashboards (computerized picture a bout

7
where the company stands)
HR Metrics and Benchmarking

Types of Metrics

A lot of measures that can be used

Benchmarking in Action

Why benchmarking?

Strategy and Strategy Based Metrics

An example
8
 HR Metrics and Benchmarking

Workforce / Talent Analytics and Data Mining

Data mining

What are HR Audits

An analysis by which an organization measure where it currently stands
and determines what it has to accomplish to improve its HR function

Evidence Based HR and the Scientific Way of Doing Things

How to be scientific? – Why should a manager be scientific?

9
What are High-Performance Work Systems?

Defining High Performance Work Systems

A set of human resource management policies and practices that together

produce superior employee performance

Examples

10