Pest Analysis
HRM
Human resource management is a strategic and coherent approach to the management of an organization’s most valued assets – the people working there, who individually and collectively contribute to the achievement of its objectives.
Boxall et al(2007) describe HRM as ‘the management of work and people towards desired ends’.
John Storey (1989) believes that HRM can be regarded as a ‘set of interrelated policies with an ideological and philosophical underpinning’. He suggests four aspects that constitute the meaningful version of HRM: 1) a particular constellation of beliefs and assumptions; 2) a strategic thrust informing decisions about people management; 3) the central involvement of line managers; and 4) reliance upon a set of ‘levers’ to shape the employment relationship
Strategy
Strategy has two fundamental meanings. First, it is forward looking. It isabout deciding where you want to go and how you mean to get there. It is concerned with both ends and means. Strategy has two fundamental meanings. First, it is forward looking. It is about deciding where you want to go and how you mean to get there. It is concerned with both ends and means.
Strategy is the determination of the basic long-term goals and objectives of an enterprise, and the adoption of courses of action and the allocation of resources necessary for carrying out these goals. (Chandler, 1962)
Strategy is concerned with the long-term direction and scope of an organization. It is also crucially concerned with how the organization positions itself with regard to the environment and in particular to its competitors… It is concerned with establishing competitive advantage, ideally sustainable over time, not by technical manoeuvring, but by taking an overall long-term perspective. (Faulkner and Johnson, 1992)
Culture
Cleland (1994): "An organizational culture is the environment of beliefs, customs, knowledge, practices, and conventionalized behavior of a particular social group. Every
Human resource management is a strategic and coherent approach to the management of an organization’s most valued assets – the people working there, who individually and collectively contribute to the achievement of its objectives.
Boxall et al(2007) describe HRM as ‘the management of work and people towards desired ends’.
John Storey (1989) believes that HRM can be regarded as a ‘set of interrelated policies with an ideological and philosophical underpinning’. He suggests four aspects that constitute the meaningful version of HRM: 1) a particular constellation of beliefs and assumptions; 2) a strategic thrust informing decisions about people management; 3) the central involvement of line managers; and 4) reliance upon a set of ‘levers’ to shape the employment relationship
Strategy
Strategy has two fundamental meanings. First, it is forward looking. It isabout deciding where you want to go and how you mean to get there. It is concerned with both ends and means. Strategy has two fundamental meanings. First, it is forward looking. It is about deciding where you want to go and how you mean to get there. It is concerned with both ends and means.
Strategy is the determination of the basic long-term goals and objectives of an enterprise, and the adoption of courses of action and the allocation of resources necessary for carrying out these goals. (Chandler, 1962)
Strategy is concerned with the long-term direction and scope of an organization. It is also crucially concerned with how the organization positions itself with regard to the environment and in particular to its competitors… It is concerned with establishing competitive advantage, ideally sustainable over time, not by technical manoeuvring, but by taking an overall long-term perspective. (Faulkner and Johnson, 1992)
Culture
Cleland (1994): "An organizational culture is the environment of beliefs, customs, knowledge, practices, and conventionalized behavior of a particular social group. Every
References: Armstrong, M. (2003) A Handbook of Human Resource Management Practice. 9th Edition.London and Sterling, VA: Kogan Page. Beer, M., Spector, B., Lawrence, P. R., Mills, Q. D., and Walton, R. E. (1984) Managing Human Assets. New York: Free Press. Boxall, P. (1992) “Strategic Human Resource Management: beginning of a new theoretical sophistication?” Human Resource Management Journal 2 (3): 60-79 Beer, M., Spector, B., Lawrence, P.R., Mills, D.Q., Walton, R.E Keenoy, T. (1990), "Human resource management: rhetoric, reality and contradiction", International Journal of Human Resource Management, Vol. 1 No.3, pp.363-84. [Manual request] [Infotrieve] Lawrence, P.R Storey, J. (1987), "Developments in the management of human resources: an interim report", Warwick Papers in Industrial Relations, No. 17, IRRU, Warwick Business School, University of Warwick, Coventry, .[Manual request] [Infotrieve] Guest, D.E Michael Armstrong,(2008) ‘’Strategic Human Resource Management-A Guide To Action’’, No.4th ed,Great Britian,Gill and Macmillan,pp,1-23 Cleland, D I (1994) Project Management: Strategic Design and Implementation New York, McGraw-Hill Storey, J (1989) From personnel management to human resource management, in New Perspectives on Human Resource Management, ed J Storey, Routledge,London Faulkner, D and Johnson, G (1992) The Challenge of Strategic Management, Kogan Page, London Chandler, A D (1962) Strategy and Structure, MIT Press, Boston, MA Relationship between Strategy and Culture - http://www.torbenrick.eu/blog/strategy/what-is-the-relationship-between-culture-and-strategy/