This essay will rely on a review of literature and may include:
A rationale for the: (i) emergence of HRS, (ii) the value of HRS, (iii) some discussion of differing approaches to HRS, (iv) some discussion of HRS strategy types (hard v soft), (v) the concept of fit and other issues which you wish to include based on your reading, (vi) including your conclusion, with your definition of HRS.
Schuler and Walker (1990) define Human Resource Strategy (HRS) as "a set of processes and activities jointly shared by human resources and line managers to solve business-related problems". I believe this definition assists on tackling the above question. However, Bamberger and Meshoulam "Conceptualise human resource strategy as an outcome: the pattern of decisions regarding the policies and practices associated with the HR system" (Bamberger & Meshoulam, 2000: p15). In my view, HRS is a set of processes and activities' that when implemented, result in an outcome. In aim to justify this statement by discussing the topic of human resource strategy in relation to the sub-headings listed above. By examining the reasons or rationale' for the emergence of human resource strategies in the modern business environment, the value, various strategy approaches, types and the concept of fit, I believe I can underline the importance of a well devised HRS to any overall business strategy or plan.
(i) Emergence of Human Resource Strategies
Modern businesses and the economic environments in which they operate are very different from the organizations and economies examined by Chandler in his studies of managerial capitalism' (late 19th Century through to the 1970s). The development of technology, and the creation of global economies have resulted in a...