COMMERCE 2BC3 Chapter Notes - Chapter 2: Strategic Management, Strategic Choice, Society For Human Resource Management
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CHAPTER 2: STRATEGIC HUMAN RESOURCE MANAGEMENT
Business Model - how a firm will create value for customers and be profitable.
Strategic Human Resource Management (SHRM) - A pattern of planned human resource deployments
and activities intended to enable an organization to achieve its goals.
Strategy Formation - The process of deciding on a strategic direction by defining a company's mission
and goals, its external opportunities and threats, and its internal strengths and weaknesses
Strategy Implementation - The process of devising structures and allocating resources to enact the
A Model of the Strategic Management Process
- A firms strategic management decision making process usually takes place at its top levels, with a
strategic planning group.
Role of HRM in Strategy Formulation
Administrative Linkage - focused on day to day activities, engages in administrative work unrelated to
the company's core business needs. [lowest level of integration]
One-Way Linkage - HRM function is to design systems that implement the strategic plan
Two - Way Linkage - the strategic planning team informs the HRM function of the various strategies the
company is considering -->HRM analyze the HR implications--> HRM develops programs to implement.
Integrative Linkage - HRM is involved in both formulation and implementation.
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