COMMERCE 2BC3 Chapter 2: Chapter 2 Summary
18 Jan 2012
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Strategic hr management (shrm) is defined as the process of linking the hr function with the strategic objectives of the organization in order to improve performance. Vertical linkages require connecting hr practices with the strategic management process of the organization, while horizontal linkages involve the coordination of various practices within hr through a patterned or planned action. Some recognized hr best practices, which can be categorized in the hrm activities, include: Organizational strategy can be defined as the pattern of decisions in a company that determines and reveals its objectives, purposes, or goals and produces the principal policies and plans for achieving those goals. Porter"s strategic models has three main strategies for creating a defendable position and outperforming competitors in an industry. Strategy is a strategy that approaches competition on the basis of low price and high quality of product or service.
