Human Resource Strategy Formulation - Research Paper Example

Strategy formulation process Gathering information Strategy formulation is a process of selecting the best activities in anorganization which will lead to the realization of goals and objectives thereby achieving the organizations goals. The process of strategy formulation is divided into various steps. Gathering information is the first step of the formulation process. When starting any business, it is paramount to gather enough information in relation to the business being started (Robert, 2004).

The strategy formulation process involves a lot of information which must be managed and organized well. This is a complex process which requires interaction of people and thousands of pieces of information. The information relates to customer requirements, resource constraints, regulatory issues, industry trends, and stockholder demands (Gary, 2009). The stakeholders in the strategy formulation process must have knowledge of this information in order to operationalize it. The stakeholders should know to prioritize information.

The information gathered has to be structured in a meaningful way in order to be actualized.2. Sample human resource strategy The manpower in a business is the backbone of the business, and it is necessary to have the correct team. The workforce in any business enterprise must have the will, knowledge and expertise to perform the duties and deliver the desired results. They must work in unison and should work as a team rather than as individuals (Michael, 2011). The efforts, skills, and capabilities contributed by the organization’s workforce determine the achievement of the organization.

A human resource strategy aims at satisfying the customer needs. The strategy aims at setting a direction which the workforce will follow to deliver a successful and sustainable customer satisfaction. To have a human resource that is committed to delivering its results, the organization needs to have principals laid out to be followed. The managers should be concerned about the human resource issues. The human resource of the organization should be involved in all decision making levels of the organization.

To ensure that customers are satisfied, the organization should develop a culture that ensures all members of staff are committed to the organization’s performance and improvement (Chris, 2010). Also, there should be a spirit of team work, cooperation and trust for better performance. Human resource is the department in any business enterprise which determines the success or failure of its operations. The human resource in any organization should be managed well and organized in a way that ensures maximum production and customer satisfaction.

ReferencesRobert, B. (2004). How to Manage Performance. Available from http://www.ebooks.com/searchapp/business-human-resources-personnel-management-ebooks/174/?page=9 Gary, S. B. (2009). Human Capital. Available from http://www.ebooks.com/searchapp/business-human-resources-personnel-management-ebooks/174/ Michael, A. (2011). Handbook of Strategic Human Resource Management. Available from http://www.ebooks.com/searchapp/business-human-resources-personnel-management-ebooks/ Chris, B. (2010).

International HRM. Available from http://www.ebooks.com/searchapp/business-human-resources-personnel-management-ebooks