The Strategic role of the Human Resource Management in organizations has gained increased attention from academics and practitioners, especially during the last decade where the nature of HRM has been enlarged with strategic initiatives that underline the critical role of human…
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e understood the strategic role that the human resources can undertake in equipping firms with competitive advantage and therefore contributing to the improvements in performance. As Lengnick – Hall et al. (2009) indicate, SHRM has been highly emphasized within the context of integrating strategic initiatives on the Human Resources with the strategic posture of firms.
This paper focuses on two fundamental constructs; the first one is the establishment of the positive relationship between knowledge of generic strategies and understanding the strategic initiatives and the second one is the link between generic approaches to strategies and SHRM.
Conceptualizing and evaluating business and organizational strategies is a common perspective that scholars and practitioners undertake in their attempt to understand the competitive position of the firms as well as the forces that interact in the strategy decision making and formulation (…..). Whittington (2001) argues that it is imperative to have certain knowledge on strategies as it enables the better understanding of the strategic choices that organizations often make. O’ Farrell et al. (2006) further claim that knowledge on strategies actually influences organizational performance for three reasons; first, understanding strategies implies understanding of the context in which strategizing can take place, second, understanding strategies suggests that management has a clear view of the different forces that can have an impact on the strategic level of firms and third, understanding strategies increases the capabilities and skills of management towards strategic decision making.
The Generic approaches to strategy are viewed by Whittington (2001) as four fundamental ‘movements’ which reflect different schools of thought regarding the strategic design, implementation and execution on the part of firms. The author distinguishes the generic approaches to the following perspectives: the classical, the evolutionary, ...
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With the ever accelerating pace of change on the wake of globalization the need for strategy has increased manifolds. Every business big or small needs to develop a strategy for successfully running the business. Strategy is provides the long term picture and approach to the business and answers the question why business is being done in certain way.
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