Strategic Human Resource Management

Section Two

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The fourth component in the conceptual framework, strategy
formulation, provides direction to the organization. Effective
organizational strategies are required for the organization to
accomplish its mission while being guided by an investment
perspective. After scanning the environment for opportunities
and threats and the introspective process of evaluating
strengths and weaknesses, the organization is ready for
strategy formulation. As noted in the Preface, human resource
planning also may provide input for strategy formulation,
although it is sequenced in the conceptual framework after
strategy formulation.

This section will first discuss the importance of human
resource management to strategy formulation. Following this
discussion, the theoretical foundation for strategic human
resource management will be presented, along with strategic
concepts and definitions. International strategy, a topic of
rapidly growing importance, will then be discussed. The section
will then examine the contributions that human resources can
make to corporate strategy and the interaction between
strategy and human resources. After this discussion, strategy-
driven role behaviors, types of human resource activities, types
of firms, network organizations, and organizational learning will
be examined. Following these strategic topics, the integration