Management and Organizational Studies 3383A/B Lecture 2: CH2 Aligning HR with Strategy

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 3383A/B
• Professor: Linda Eligh

Document Summary

Human resources management is an umbrella term that encompasses: overarching hr philosophies, formal hr policies, specific hr practices. Strategic hrm: interrelated philosophies, policies, and practices that facilitate the attainment of organizational strategy. Typical resources might include: hr, proprietary knowledge, reputation. Typical capabilities might include: adaptability, flexibility, speed of bringing new products to market. Resource-based view: this theory suggests that the management of resources and capabilities will lead to competitive advantage, resulting in superior performance and value creation. The contingency perspective blends both the human capital and behavioral theories. It refers to the need to modify hr strategies relative to its business and organizational strategies. Human capital theory: classical economists view the firm as having control over three types of resources in the production of goods and services: land, capital, labor. Hu(cid:373)a(cid:374) (cid:272)apital: the su(cid:373) of e(cid:373)plo(cid:455)ees" k(cid:374)o(cid:449)ledge, skills, e(cid:454)perie(cid:374)(cid:272)e and commitment interested in the organization.