Strategic HRM
Johnson and Scholes (2002) have defined strategy as 'The direction and scope of and organization over the longer term, which ideally matches its resources to its changing environment and, to its markets, customers and clients to meet stakeholder expectations.' Figure 1: Simplified model of strategic management adapted from Johnson and Scholes (2002) With highly turbulent internal and external environments of the company strategy determines the future of the company. Competitive advantage of the company depends on the human resource managers vision towards the future. Strategy has many theories and Mintzberg et al (1988) suggests strategy as A plan, A pattern, A perspective or as a ploy. Hence strategy of a company can be defined as a logical guideline to its long-term intensions to become a reality. According to Mintzberg et al (1998) strategy us a systematic process which includes thinking, acting, formulating, and implementing. In some cases, it can be a response to a cha...