Principles of HR Management: Midterm: Ch. 2

Where are we?
Where do we want to be?
how are (should) we get there?
Need to do steps 1 and 2 before step 3

The pattern of human resources deployments and activities that enable an organization to achieve its strategic goals

Providing input as to what is possible given the types and numbers of people available

Making primary resource allocation decisions about structure, processes, and human resources

Procedures for making decisions about the organization's long-term goals and strategies

Process of anticipating and making provision for the movement of people into, wihtin, and out of the organization- HR management must know what those goals are

1. Strategic Analysis- what HR are needed and what are available
2. Strategic formulation: what is required and necessary in support of human resources
3. Strategic implementation: how will the human resources be allocated

Mission, vision and values
external analysis
internal analysis
strategy formulation
strategy implementation
evaluation

The basic purpose of the organization as well as its scope of operations

A statement about where the company is going and what it can become in the future; clarifies the long-term direction of the company and its strategic intent

The strong and enduring beliefs adn principes that the company uses as a foundation for its decisions

The systematic monitoring of the major external forces influencing the organization

Economic factors, industry and competitive trends, technological changes, government and legislative issues, social conerns, demographic and labor market trends

New entrants, suppliers, customres, substitutes, rivales

Culture, capibilities composition