Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
4 step approach to strategic planning
Importance of human resources function within an organisation
Effective strategic human resource planning
Don’t take our word for it - see why 10 million students trust us with their essay needs.
Recommended: 4 step approach to strategic planning
Contemporary organizations are faced with the challenges of changing economic and market conditions, productive labor, competition, and the struggle for survival. Traditionally, organizations have focused on material assets, cost cutting, and reduced employee expenses as a means of increasing competitiveness and profits (CSU-Global, 2013). However, this approach is becoming a less viable tactic in today’s complex and dynamic environment. Instead, an organization must recognize the value and importance of its people in implementing the strategies which lead to business success (CSU-Global, 2013). This places an organization’s human resources (HR) in a prominent role when developing strategic plans for the future.
The Strategic Planning Process
Setting goals and developing plans to attain those goals are critical components of organizational success. According to Reed and Bogardus (2012), “strategic planning is a systematic way of setting the direction for an organization and developing tactics and operational plans to ensure its success” (p. 109). The strategic plan outlines specifically where the organization wants to go and what it will do to move the organization towards that desired outcome. However, it is important to note that strategic planning is an ongoing process, not a one-time plan (Reed & Bogardus, 2012). Strategic planning evolves as organizations cope with changing conditions, problems, and demands.
The strategic planning process generally includes a pre-planning stage followed by four main components. This process is described in detail by Reed and Bogardus (2012). During pre-planning, business leaders must commit to the strategic planning process and make decisions regarding the participants, time fr...
... middle of paper ...
...ss, organizations will be better able to establish a productive workforce with the qualities needed to carry out the strategy and accomplish long-term goals.
References
Anca-Loana, M. (2013). New approaches of the concepts of human resources, human resources management and strategic human resources management. Annals of the University Of Oradea, Economic Science Series, 22(1), 1520-1525.
Colorado State University-Global Campus. (2013). Module 2 – Strategic management [Blackboard ecourse]. In MGT 570 – Managing Human Resources (pp. 1-6). Greenwood Village, CO: Author.
Kimberly, J. (2009). The Pitfalls of Strategic Planning. Business NH Magazine, 26(5), 38.
Reed, S. M., & Bogardus, A. M. (2012). PHR/SPHR: Professional in human resources certification study guide (4th ed.). Indianapolis, IN: Wiley Publishing, Inc. ISBN-13: 9781118289174
Mathis, R. L., & Jackson, J. H. (2010). Human resource management (13th ed.). Mason, OH: Thomas/South-western
Bohlander, George, and Scott Snell. Managing Human Resources. 15th. Mason, OH: South-Western Pub, 2009. 98-147. Print.
Noe, Raymond A., et al. Human Resource Management: Gaining a Competitive Advantage. 7th ed. New York: McGraw-Hill/Irwin, 2010. Print.
Noe, R. A., Hollenbeck, J. R., Gerhart, B., & Wright, P. M. (2014). Fundamentals of human resource management (5th ed.). New York, NY: McGraw-Hill Education.
Mathis, R., & Jackson, J. (2007). Human resource management . (13th ed.). Mason, OH: South-Western Cengage Learning. DOI: www.cengagebrain.com
Noe, Raymond A, et al. Human Resources Management: Gaining A Competitive Advantage. New York: McGraw-Hill, 2010.
" This global London-based mining and mineral company was severely impacted by the global recession in 2008. Such an impact forced unprecedented workforce reductions worldwide and decentralized HR management had to be brought in under a single umbrella to ensure an orderly and efficient system that would support the organization’s future productivity."( Case Study OneRedesigning HR HRMG 5000 - Student Simple). Human resources have a strategic significance if managed efficiently and productively. The company revamped and managed its HR functions in a manner so as to achieve the strategic goals of the
Strategic Planning is looking at where you are now, knowing where you want to be in the future and planning the steps to get you there.
Source: CIPD. (2003) HR Survey: Where We Are, Where We’re Heading. Survey Report. Issued: October 2003, Reference: 2872, London: Chartered Institute of Personnel and Development
Strategic planning is the continuous and systematic process of guiding members of an organization to make decisions about its future, develop the necessary procedures and operations to achieve that future, and determine how success will be achieved.
If asked what strategic planning is one could interpret it as simply a road map that can guide the organization in the right direction. It is very unlikely that an organization would know which direction to take without a sense of direction. Managers are faced every day with decisions that have a major impact on the direction the organization must take, therefore, strategic planning can play an important role in guiding managers in the right direction. In other words strategic planning is a tool that management can use to give them a sense of direction that will guide them in doing a better job and to ensure that all the members of the organization are working toward the same goals
Strategic planning has a focus on stabilizing the current environment, and it also support the organization's business plans and goals. Strategic planning helps to implement new projects, new technology, consolidation of data centers, data warehouses, exponential data growth, cost of ownership, and resources available in an organization to assess the future requirements. Strategic planning analyzes the business plan, potential blockage or other issues in the current architecture, processes and their implementation in new initiatives, and processes. Strategic planning helps to formulate the ideas about the key factors that are affecting the present and future development of the organization and the opportunities offered by the environment and the competence of the organization.
Torrington, D., Hall, L. and Taylor, S. (2008). Human Resource Management, 7th ed. Prentice Hall.
Changing Roles. Traditionally, HR has been an administrative position-processing paperwork, benefits, hiring and firing, and compensation. However, recently HRM has moved from a traditional to a strategic role, the emphasis is on catering to the needs of consumers and workers. Before, HR was seen as the enemy and employees believed that HR’s main purpose was to protect management. Now, the position requires HRM to be more people oriented and protect their human capitol, the staff. In addition, human resource management has to be business savvy and think of themselves as strategic partners in the 21st century.
Strategic planning is an organizational process in which it looks towards developing and sustaining success or balance in its ever changing environment.