Write 7 pages thesis on the topic hr strategies and business strategies. To be maximally effective, the personnel management function must be integrally involved in any company’s strategic management process (Armstrong, 2008, pp 135).
Write 7 pages thesis on the topic hr strategies and business strategies. To be maximally effective, the personnel management function must be integrally involved in any company’s strategic management process (Armstrong, 2008, pp 135).
Research demonstrates that when HR practices are strategically linked, they result in an economically significant impact on both employees’ outcomes and short and long term measures of corporate financial performance. Some of the interesting aspects of HRM are not just acquiring personnel, building performance, rewarding employees, and maintaining human resources, but also the fusion of these elements with the strategic goals of the organization. In any organization, the challenge is managing the interplay of resources, including human resources, to gain and sustain a competitive advantage (Benedict & Davies, 2004, pp 110). There are some approaches that are used in development fit between HR strategy and business strategy and they include fit as (strategic, an ideal set of practices, contingency, bundles) they can also be applicable to an organization. Where a business strategy is defined as the process in which a particular business intends to secure its preferred market against its competitor’s niche now and in the near future (Wright, 2008, pp 96).
This is a type of approach in which HR strategies that are linked with aspects like quality, cost of leadership, and innovations are closely related to a business strategy known as congruent. In such business environments, organization dynamics are keenly taken into consideration. Organizational dynamics are referred to as competencies that relate to the general organizational structure and the interrelations of different units or departments. The main role of taking a keen consideration of organization dynamics is that it contributes by recognizing the roles and other contributions expected from each unit in the organization. The approach creation of organization is a very key issue for it gives the general direction of the organization of what is expected to be achieved .in the future. The vision can be created through communication within the organization (Decenzo & Robbins, 2010, pp 178).
