To achieve its aims in Strategic Human Resource Management, an organisation formulates and execute Human Resources A. Policies B. Behaviours C. Practices D. Competencies Choose the correct answer from the options given below:
A and C only
Strategic Human Resource Management (SHRM) is about aligning an organisation's human resource functions with its overall strategic goals. The aim is to ensure that the people within the organisation are managed in a way that helps the organisation achieve its objectives, gain a competitive advantage, and adapt to the changing business environment.
To successfully implement its strategic aims, an organisation must translate these goals into concrete actions related to how it manages its employees. This translation happens primarily through formulating and executing specific Human Resources (HR) elements.
Let's examine the options provided in the question and understand their role in achieving Strategic Human Resource Management aims:
Organisations formulate strategies and then translate them into HR policies and practices. These policies and practices, when executed effectively, are intended to shape employee behaviours and develop necessary competencies, ultimately leading to the achievement of the organisation's strategic goals.
Therefore, HR Policies and HR Practices are the core instruments that an organisation formulates and executes as part of its Strategic Human Resource Management effort to achieve its aims.
| Element | Role in SHRM Implementation |
|---|---|
| Policies | Formal rules and guidelines; direct instruments for consistent management aligned with strategy. |
| Behaviours | Outcomes influenced by policies and practices; not primary instruments of execution. |
| Practices | Specific methods and programs; operational tools for executing policies and achieving aims. |
| Competencies | Employee attributes developed/utilised; not primary instruments of execution. |
Based on this analysis, the elements that an organisation formulates and executes to achieve its aims in Strategic Human Resource Management are primarily HR Policies and HR Practices.
| Term | Brief Description |
|---|---|
| Strategic HR Management | Aligning HR activities with overall business strategy. |
| HR Policies | Guidelines for employee management (e.g., leave policy, code of conduct). |
| HR Practices | Methods and programs for HR functions (e.g., recruitment process, training program). |
| Organisational Aims | The overall goals and objectives of the business. |
The successful execution of Strategic Human Resource Management relies heavily on the effective implementation of HR policies and practices. This involves clear communication of policies, fair and consistent application, and efficient management of practices like performance appraisals, training, and compensation.
While behaviours and competencies are crucial for organisational success and are indeed shaped by SHRM, they are more accurately viewed as results or capabilities that SHRM aims to foster and leverage, rather than the direct tools used to formulate and execute the strategy itself. The strategy is formulated into policies and executed through practices.
Match List I with List II
List I (Economic framework) | List II (Description) | ||
| A. | Stackelberg model | I. | The situation in which each player in an oligopolistic markets adopts its dominant strategy but could do by cooperating |
| B. | Nash equilibrium | II. | Conceptualisation for identifying the structural determinants of the intensity of competition and the probability of firms in oligopolistic industries |
| C. | Peter's strategic framework | III. | If firms are disproportionately powerful the market leader makes the first move and captures two-thirds of market share, while follower firm gets only a third of the market share |
| D. | Prisoner's delima | IV. | A situation in which each player has chosen his/her optional strategy given the strategy chosen by the other player |
Choose the correct answer from the options given below:
Which of the following are the components of Mc Kinsey's 7-S framework?
A. Shared values
B. Procurement
C. Strategy
D. Technology Development
E. System
Choose thecorrectanswer from the options given below:
________ usually have intensive distribution because sales of these products tend to have a direct relationship to their availability.
According to Mintzberg's model of strategic decision making, its modes are:
(a) Entrepreneurial, adaptation and planning
(b) Managerial, incrementalisation and judgmental
(c) Entrepreneurial, planning and incrementalisation
(d) Judgemental, managerial and leadership
Which of the following options is correct?
The strategic issues to which a retailing firm has to respond are:
(a) Location decisions
(b) Brand building decisions
(c) Merchandise mix decisions
(d) Target market selection
Which of the following option is correct?