Strategic Managment Master - Essay Example

Only on StudentShare

Extract of sample
Strategic Managment Master

Strategic HRM is viewed as 'strategic' as it involves the managerial personnel of the organization and regards. People are the single most important asset of the organization (Poole & Jenkins, 1990). It is proactive in its approach to people. It emphasizes on teamwork, flexibility, employee involvement and organizational commitment (Beaumont, 1993). Many organizations do not assess the short term or long-term implications of their HR policies and practices, which Ulrich (1997 a) emphasizes according to him, " In the 21st century, HR roles are that of strategic partner, administrative expert, employee champion, and change agent". One of the major responsibilities of HR is to prepare itself for change and to prepare for as many of these challenges as possible in order to exploit them for competitive advantage. The HR policies and practices should be flexible in nature in order to adapt itself to these situations. Further the key to sustained competitive advantage is building and sustaining core competencies within the organization and maintaining flexibility in order to react quickly to the changing global market place. In turn, the incredible advances in technology and the primary role of HRM should be able to felicitate this process. ...
Download paper


Strategic HRM is the explicit link HRM has with the strategic management process of the organization. In simple terms strategic HRM is all about systematically linking people with the organization. As a body of ideas, this field asserts a critical relationship between environment, overall business strategy and human resource strategies…
Author : kwintheiser

Related Essays

Strategic Managment.
It is also necessary to establish strong groundwork that has the capability to support successful implementation of the growth strategies. This paper describes the basic growth strategies and critically analyses how they are implemented by Subway as it continues to grow. The paper examines the strategic capability of Subway and identifies its competitive advantage over its competitors. It also discusses which of these strategic capabilities contribute to Subway’s competitive advantage. Subways Strategic Growth According to Aaker et al. (2006), market segmentation is one of the significant...
7 pages (1757 words) Assignment
Strategic Managment Essay
Principal factors fostering this development are advances in information and communication technologies, international travel and the greater emphasis being given to formation of regional groupings by nations. Consequently, the world can now be best described as a small village. Resources can easily be acquired from any part of the world. For a multinational company as is even with a small company, competitors extend well beyond its immediate business environs. It is in this business environment that companies are supposed to manage their resources optimally for growth and development....
8 pages (2008 words) Essay
Strategic Managment
Lack of a specific strategy is a "surefire ticket for organizational drift, competitive mediocrity, internal wheel-spinning, and lackluster results (Thomson 2002)."
20 pages (5020 words) Essay
Strategic Management Master Essay
The political environment of Tesco includes factors relating laws, government agencies and any other pressure groups that can influence Tesco. Fair trading is becoming increasingly important in UK's business environment. For instance, 15000 African slaves working in African cocoa fields is a big concern of chocolate consumers in UK; likewise there are fair-trade factors that influence Tesco as well. Hence it comes under the scrutiny and keen observation of the Office of Fair Trading for applying monophony in agricultural markets.
8 pages (2008 words) Essay
Strategic Management Accounting Master Essay
As organizations have a decision-support system in place for continuous evaluation of their market position, business strategies and competitive analysis, there is a need for improved techniques for evaluating the same at regular intervals and SMA is one such tool that is increasingly being used as an appropriate tool for mangers to gauge the strategic position of their company and enhance it continuously. The issues related to the use of SMA and its resulting effectiveness is also studied and evaluated. It is seen that the use of SMA can be uniform for a set of similarly operating businesses...
12 pages (3012 words) Essay
Got a tricky question? Receive an answer from students like you! Try us!