Professional Documents
Culture Documents
Module 3 MTT
Module 3 MTT
Cont.
• Corporate strategy consists of
– Management's fundamental assumptions about
the future economic, technological, and
competitive environments
– Setting of goals to be achieved within a specified
timeframe
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Cont.
– SWOT analysis
– Selecting main and alternative strategies to
achieve the goals
– Formulating, implementing, and monitoring the
operational or tactical plans to achieve interim
objectives
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Cont.
• Step 1: Identify Future HR Needs
• Step 2: Consider Present HR Capabilities
• Step 3: Identify Gaps Between Future Needs &
Present Capability
• Step 4: Formulate Gap Strategies
• Step 5: Share & Monitor The Plan
Employees as resources
• Employees are the ones who get the job
done
• The company cannot be successful without
productive employees
• Employees are major contributors to profits
and worth of the organization
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Cont.
• Employees are a company’s greatest resource
• Many employees have direct contact with
customers
• They make the best use of the nature to
create more resources
Goal attainment
• Goal attainment is the process through which
human and other resources are mobilized for
the attainment of collective goals and
purposes
• In a social system, the goal attainment
functions are met through political activities
and mobilization occurs through the
generation and exercise of power
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Cont.
• The closer the alignment between HR and an
organization's overall business strategy, the
better the company's ability to anticipate and
respond to customer needs and to maintain
competitive advantage
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Cont.
• Steps to align HR process with the Business
Strategy
– Understand the business strategy and current
challenges
– Identify how people contribute to organizational
growth and success
– Design and implement your HR talent strategy
– Measure your HR strategy
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Cont.
• Effective strategic planning articulates not
only where an organization is going and the
actions needed to make progress
Cont.
• Stages of the strategic planning process are
goal-setting, analysis, strategy formation,
strategy implementation and strategy
monitoring
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Staffing system
• Short-Term Staffing
• Long-Term Staffing
• Succession Planning
• Strategic Staffing