Strategic Human Resource Management - Essay Example

Comments (0) Cite this document
Summary
HRM is a crucial aspect of organization management that gives life to overall organization strategy but partially. Attempts to link HRM in organizations to the overall strategy…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92% of users find it useful
Strategic Human Resource Management
Read TextPreview

Extract of sample "Strategic Human Resource Management"

Download file to see previous pages The discussion provides recommendations on how organizations should align their strategies to achieve excellence.
Competitive advantage and Life cycle models explore the link between the set business strategy and the policies and practices within the human resource department. Comparing and contrasting lifecycle model and competitive advantage is essential in terms of their similarities and differences with respect to HRM.
Competitive advantage model includes differentiation as a way of achieve unique feature that can be of valued to the buyers. The resources that give a firm a competitive advantage should have value. Life cycle model encompasses all the relevant stages demonstrate the growth or maturity stage of a firm. For the HRM to have a gain competitive advantage, the policies and practices must be in keeping with the development stage in the life cycle model (Rees and Smith, 2014). The viability of human resource depends on how well the differentiated products are in tandem with the industry demands (Johnson, Scholes, and Whittington, 2002). Therefore, competitive advantage and life-cycle models help to shape the HRM policies and practices in response to industry demands in different life cycle stages.
Competitive advantage and life cycle models cannot be applied in isolation. A mature organization requires cost leadership and differentiation to survive in the industry. The viability of a firm to sustain competitive advantage stems from attaining maturity. Boxall and Purcell (2011) argue that a firm may set out to be the best in the industry by focusing on cost and product differentiation but it must have reached the maturity stage to position itself well in the market. The organization must be mindful of the lifecycle stages to initiate a change in the tactics used to approach the market. The HRM practices are geared towards reducing competition and offering products that are cost effective for all customers (Marchington and Wilkinson, ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Strategic Human Resource Management Essay Example | Topics and Well Written Essays - 2500 words - 3”, n.d.)
Strategic Human Resource Management Essay Example | Topics and Well Written Essays - 2500 words - 3. Retrieved from https://studentshare.org/human-resources/1696772-strategic-human-resource-management
(Strategic Human Resource Management Essay Example | Topics and Well Written Essays - 2500 Words - 3)
Strategic Human Resource Management Essay Example | Topics and Well Written Essays - 2500 Words - 3. https://studentshare.org/human-resources/1696772-strategic-human-resource-management.
“Strategic Human Resource Management Essay Example | Topics and Well Written Essays - 2500 Words - 3”, n.d. https://studentshare.org/human-resources/1696772-strategic-human-resource-management.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Strategic Human Resource Management

Strategic human resource management

...? Strategic Human Resource Management Contents Contents 2 0 The Seven-Step Model for Implementing HR Scorecard 3 2.0 Balance Scorecard 6 3.0 HR Scorecard for Google Company 7 3.1 Step 3- Creating Strategy Map 7 Source: Author’s Creation 10 3.2 Step 6- Strategic HR measurement system 10 3.3 Step- 7- Implementing the Strategy 11 References 14 1.0 The Seven-Step Model for Implementing HR Scorecard There are seven steps associated with implementation of HR Scorecard in the organization. Seven steps can be illustrated in the following manner. Clearly Defined Business Strategy Top management of the company needs to communicate business...
6 Pages(1500 words)Essay

Strategic human resource management

...? Strategic Human Resource Management Contents Introduction 3 Performance-related pay systems 5 Conclusions 11 Reference 13 Bibliography 14 Discuss the proposition that the disadvantages of performance-related pay systems outweigh its advantages. Introduction Globalisation of business has led to increase need to identify as well as analyse ways through which business organisation operates effectively in the present and also in the future. Therefore organisations which are looking to gain a competitive advantage, thus the implication of strategic human resources are a key factor for performance of the organisation. Strategic HRM is all about adaptation and integration. The strategic HRM concept has gained momentum and is mainly due... to...
12 Pages(3000 words)Essay

Strategic human resource management

...?Strategic Human Resource Management Introduction Strategic human resource management ensures that human resource management aligns human resource goals with overall business objectives. The force behind strategic human resource management is the growing need for firms to align their human resource strategies with the general business structure of overall goals, which demands proper alignment of human resource traditions with the general objectives of the firm. In the contemporary market characterised with intense competition, most organisations have diverted from conventional perception of human resource as passive resource that can be manipulated to get things done. Organisations now understand the importance of human resource... in the...
13 Pages(3250 words)Essay

Strategic human resource management

...the related stakeholders. There are four major areas where the organization needs to work: Leadership alignment and stakeholder engagement, Training & education, Communication & branding and Organization redesign. The diagram on the next page shows the various activities that shall be done along with the project: Figure 1: The change management plan for Natural Knibbles Role of the HR plan in achieving its new strategic objectives The HR plan developed above will enable Natural Knibbles to achieve its strategic objectives. With the leadership alignment, the key executives will be well prepared to lead the change and cascade initiatives within the organization. All other employees will be...
4 Pages(1000 words)Essay

Strategic human resource management

...?Niche market for Natural Knibbles What HR issues and challenges does Natural Knibbles needs to address? Natural Knibbles intends to diversify itsline of products and cater to a specific niche market. In order to efficiently and effectively streamline this expansion it needs to overcome multiple challenges which include many human resource challenges. These challenges include recruitment of new staff and employees, training of existing employees and constant counseling of employees to ensure that they are satisfied with the changes being made in the set up. Another round of HR challenges which needs to be dealt with includes the development of the Human Resource...
4 Pages(1000 words)Essay

Strategic Human Resource Management

...? Strategic Human Resource Management Lecturer: Strategic Human Resource Management Q Training refers to the learning skills and knowledge vital for performing a certain task; thus learning increases skills necessary for the required job. However, development refers to the progress of the labor force in all respect and it is mostly concerned with shaping employees’ attitudes. Moreover, training is concerned with imparting necessary skills to employee to enable them perform certain tasks whereas development in broader terms aim to increase the overall growth of an individual. Training is concerned with improving the current task force performance whereas development aims to build up and it increases competence level of employees... , the...
7 Pages(1750 words)Coursework

Strategic Human Resource Management

...Strategic Human Resource Management The core substance of the report is to discuss why organisations should adopt strategic approaches for conquering the challenges posed by a highly competitive business environment which is has become even more challenging due to the global recession. The report is concerned about the trend which is observed in present day Organisations that are focusing on the survival rather than their growth and development. Organisations collapsed due to economic slowdown have alerted the existing ones regarding their survival in the highly uncertain environment where survival has became a tough matter of subject. The report discusses about the after-effects of the economic recession which has made many... ...
13 Pages(3250 words)Essay

Strategic Human Resource Management

...The following is a study of Human Resources Management (HRM) in a strategic context, where certain HRM strategies are implemented, which have consequences on the overall corporate strategy of any have given organisation, hence giving the HRM function the name strategic human resources management (SHRM) (Armstrong and Baron, 2002). The study focuses on how SHRM influences the overall performance of an organisation. The CIPD defines SHRM as, “all those activities affecting the behaviour of individuals in their efforts to formulate and implement the strategic needs of business” (2009). This...
6 Pages(1500 words)Essay

Strategic Human Resource Management

...of the famous footballer, John Terry, who was once involved in a racial kind of discrimination. To start with, discrimination at the workplace can be on the basis of racial differences. Racial discrimination is the act of looking down upon somebody in the workplace due to his race, color or ethical origin. This kind of discrimination can emanate during hiring and firing. For instance, one applies for a job that he or she has excellent qualifications, but he or she is not hired because the rest of employees are not confortable dealing with somebody from that race. It can also be evident in payment, whereby a fellow employee of a preferred race at the same level of management with the same expertise as one from a...
12 Pages(3000 words)Essay

Strategic Human Resource Management

...Strategic Human Resource Management Table of Contents Table of Contents 2 Introduction 3 Discussion 4 Definition of Performance related pay system 4 Impact of performance related pay systems over the organization 5 Brief understanding of the various types of performance related pay systems 5 Analysis of the objectives of performance related pay systems 6 Analysis of the strengths and weaknesses of performance related pay systems and recognition of any potential conflicts 9 Performance related pay system is directed related to SHRM 10 Conclusion 12 Works Cited 14 Introduction In this age of high complexity and competitiveness, sustainability and improvement of...
12 Pages(3000 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Strategic Human Resource Management for FREE!

Contact Us