Professional Documents
Culture Documents
SUBMITTED TO
PROF. RASHMI GOPINATHAN
SUBMITTED BY
SHWETA JHA (ROLL NO. 52)
WHAT IS SHRM?
Strategic human resource management
has been defined as ‘the linking of
human resources with strategic goals
and objectives in order to improve
business performance and develop
innovative organizational culture that
foster innovation and flexibility.
HR STRATEGY
OPTED BY
“WHIRLPOOL”
April 25, 2006 ,Whirlpool Corporation
net sales = US$3.5 billion
net earnings during that period =
US$118 million
Analysts attributed this increase to the
company's innovative products.
Whirlpool had come a long way from where
it had been in the late 1990s .
"I-box" strategy.
RESULT
revenues from innovative products were
almost US$800 million in 2005 as
compared to just US$10 million in 2001.
The share price had also doubled.
Between 2003 and 2005, Whirlpool's
revenues had grown at an average of 9%
per annum
As of April 2006, Whirlpool's innovation
pipeline had 568 projects under
development of which 195 were being
scaled up for commercial launch.
The company expected these new
appliances to rake in another US$ 3.3
billion in annual sales once they were
launched
CONCLUSION
HR strategies when aligned with the
business goals of the organization, at
whirlpool, worked as a turnaround strategy
and changed the face of the company
completely.
Every organization can thus, rely on the HR
strategies partially, if not completely, and
create the magic of success.
Thank You.