strategic human resource management and the hr scorecard

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1、StrategicHumanResourceManagementandtheHRScorecardAfterstudyingthischapter,youshouldbeableto:Outlinethestepsinthestrategicmanagementprocess.Explainandgiveexamplesofeachtypeofcompanywideandcompetitivestrategy.Explainwhatahighperformanceworksystemisandwhyitisimportant.Illustra

2、teandexplaineachofthesevenstepsintheHRScorecardapproachtocreatingHRsystems.©2005PrenticeHallInc.Allrightsreserved.3–2HR’sStrategicChallengesStrategicplanAcompany’splanforhowitwillmatchitsinternalstrengthsandweaknesseswithexternalopportunitiesandthreatsinordertomaintainacompet

3、itiveadvantage.ThreebasicchallengesTheneedtosupportcorporateproductivityandperformanceimprovementefforts.Thatemployeesplayanexpandedroleinemployers’performanceimprovementefforts.HRmustbemoreinvolvedindesigning—notjustexecuting—thecompany’sstrategicplan.3©2005PrenticeHallInc.A

4、llrightsreserved.TheStrategicManagementProcessStrategicmanagementTheprocessofidentifyingandexecutingtheorganization’smissionbymatchingitscapabilitieswiththedemandsofitsenvironment.StrategyAstrategyisacourseofaction.Thecompany’slong-templanforhowitwillbalanceitsinternalstrengt

5、hsandweaknesseswithitsexternalopportunitiesandthreatstomaintainacompetitiveadvantage.4©2005PrenticeHallInc.Allrightsreserved.BusinessMissionandItsVisionVisionAgeneralstatementofitsintendeddirectionthatevokesemotionalfeelingsinorganizationmembers.MissionSpellsoutwhothecompanyi

6、s,whatitdoes,andwhereit’sheaded.5©2005PrenticeHallInc.Allrightsreserved.StrategicManagementProcess(cont’d)StrategicmanagementtasksStep1:DefinetheBusinessandItsMissionStep2:PerformExternalandInternalAuditsStep3:TranslatetheMissionintoStrategicGoalsStep4:FormulateaStrategytoAch

7、ievetheStrategicGoalsStep5:ImplementtheStrategyStep6:EvaluatePerformance6©2005PrenticeHallInc.Allrightsreserved.OverviewofStrategicManagementFigure3–17©2005PrenticeHallInc.Allrightsreserved.ASWOTChartFigure3–2SWOTAnalysisTheuseofaSWOTcharttocompileandorganizetheprocessofiden

8、tifyingcompanyStrengths,Weaknesses,Opportunities,andThreats.8©2005Pr