Strategic Human Resource Management: A Guide to Action
Reward management HRM aims to enhance motivation, job engagement and commitment by introducing policies and processes that ensur ...
l commitment-orientated; l based on the belief that people should be treated as assets (human capital); l unitarist rather than ...
statements and reinforced by communications, training and performance management processes. The soft version of HRM traces its r ...
feature increasingly associated with HRM is a stress on the integration of HR policies both with one another and with business p ...
Unitary philosophy The HRM approach to employee relations is basically unitary – it is believed that employees share the same in ...
vision and leadership, and which require people who will be committed to the strategy, who will be adaptable to change and who w ...
hypotheses are not made explicit. It is too comprehensive... If HRM is labelled a “theory” it raises expectations about its abil ...
involvement programmes, no compulsory redundancies, performance- related pay, profit sharing and the use of attitude surveys. Th ...
HRM cannot be blamed or given credit for changes that were taking place anyway. For example, it is often alleged to have inspire ...
2 The concept of strategy Strategy was originally a military term, defined in the Oxford English Dictionaryas: ‘The art of a com ...
most people believe. This is the reality of strategic HRM that must be borne in mind when dealing with this compelling but often ...
Strategy is concerned with the long-term direction and scope of an organi- zation. It is also crucially concerned with how the o ...
value for its customers. To achieve it, firms select markets in which they can excel and present a moving target to their compet ...
deciding whether a resource can be regarded as a distinctive capability or competency: value creation for the customer, rarity c ...
who wrote that the firm is ‘an administrative organization and a collection of productive resources’. It was expanded by Wernerf ...
where they are going. But they will also be aware that they are responsible, first, for planning how to allocate resources to op ...
strategic management ‘is a mixed, impure, interactive process, fraught with difficulties, both intellectually and politically’. ...
Evolutionary– strategy formulation as an evolutionary process that is a product of market forces in which the most efficient an ...
Implement the strategies. Monitor implementation and revise existing strategies or develop new strategies as necessary. This m ...
response to an evolving situation’, and the strategic planner is often ‘a pattern organizer, a learner if you like, who manages ...
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