Human Resource Management And Strategic Management

From what began in the back of their family garage, Criterion Furniture was built on the vision that Wally and Brain Smaill had. The brothers built their ready-to-assemble furniture business into one of the biggest in Australasia. This report will discuss how Criterion may use human resource management and strategic management in planning the future success of the organisation as well establishing their competitive advantage. Human resource management comprises a set of policies designed to improve results and competitive advantage (Schermerhorn et al., 2014). And strategic management is the process of formulating and implementing strategies to accomplish long-term goals (Schermerhorn et al., 2014). Using tools that define strategic management such as a SWOT and PESTE analysis as well as the ideas behind human resource management, this report will allow Criterion to see how they can work to improve their strategic direction and establish their competitive advantage. Human Resource Management The key elements of human resource management are to attract, develop, and maintain a high quality workforce (Schermerhorn et al., 2014). It’s about building the right team of people who align together perfectly and will get the job done efficiently. If an organisation fails to do so, then chances are they will not succeed in the long run. The first element of human resource management is to attract a quality workforce. This involves external and internal recruitment, and hiring theShow MoreRelatedHuman Resource Management and Strategic Human Resource Management1136 Words   |  5 PagesManaging Human Resources, 3rd edn, John Wiley Sons, Milton, Qld. In chapter 1 of the text, the author shows an overview of human resource management and strategic human resource management. The author also shows the relationship between HRM and management, manager’s role meaning of strategy, strategic approach to HRM and strategic challenges. Lots of diagrams and explanations are used by the author. This chapter has contributed to my understanding of strategic human resource management by analysingRead MoreStrategic Management : Strategic Human Resource Management Essay1864 Words   |  8 Pages Unit 2 The Reyes Fitness Centers, Inc: The Strategic HR Opportunity Michael Lambert GB520 - Strategic Human Resource Management December 6, 2016 Professor Kenneth Rauch â€Æ' What is Strategic Management? Through this case study I will be discussing strategic management. Strategic management can be defined as a process where an organization attempts to determine what actions need to be taken to achieve the overallRead MoreStrategic Management And Human Resources Management Essay1528 Words   |  7 Pages1960’s uses strategic management and Human Resources Management to create a goal driven work place. . Strategic Management has the main focus of winning. Each company’s goal may be different but achieving the goal is a win for the company. Although Criterion is lucky enough to have no direct competitors, to stay ahead in the growing market, the brothers, Wally and Brain Smaill, used strategic methods such as SWOT, PEST, Porters 5 forces to gain success. Both strategic and HR management strategiesRead MoreHuman Resources Management And Strategic Human Resource Management Essay3465 Words   |  14 Pages Q-1(A) Three major difference between human resource management and strategic human resource management Human resource management Strategic human resource management 1. HRM have â€Å"Short term goals† only like give training to the employees etc. For example in Tarmac short term goal is like recruit people for certain project only. 1. SHRM have â€Å"long term goals †like give the cross training to the employees. For example in Tarmac long term goal can be recruit people for long term and in future giveRead MoreHuman Resource Management And Strategic Management Essay2286 Words   |  10 Pagesmajor differences between the human resource management and strategic human resource management first of all let us understand what does human resource management and strategic management actually means in the reality. Meaning of HRM in general words:- HRM can be defined as a procedure of recruiting and growing employees so that they can become irreplaceable assets to the establishment. Meaning of SHRM in simple words:- SHRM is to make sure that human resource management is fully blended into calculatedRead MoreThe Strategic Human Resource Management1254 Words   |  6 PagesINTRODUCTION Proactive management of the employees of a company or organization. Strategic human resource management includes typical human resource components such as hiring, discipline, and payroll, and also involves working with employees in a collaborative manner to boost retention, improve the quality of the work experience, and maximize the mutual benefit of employment for both the employee and the employer. The strategic human resource management was excellent as all employees reported highRead MoreStrategic Human Resource Management1158 Words   |  5 PagesTopics in Human Resource Management Module 1 Case Study Module 1 Case: â€Å"Strategic Human Resource Management† Introduction Human resource management (HRM) has it own challenges, but management is more focus on what HR can offer their organization in the future. Looking back to the evolution of human resource field, it has followed the history of business in the United States and most western countries. HR has evolved from personal management to human resource management and from HRMRead MoreStrategic Human Resource Management72324 Words   |  290 PagesBusiness Management Study Manuals Advanced Diploma in Business Management STRATEGIC HUMAN RESOURCE MANAGEMENT The Association of Business Executives 5th Floor, CI Tower ï‚ · St Georges Square ï‚ · High Street ï‚ · New Malden Surrey KT3 4TE ï‚ · United Kingdom Tel: + 44(0)20 8329 2930 ï‚ · Fax: + 44(0)20 8329 2945 E-mail: info@abeuk.com ï‚ · www.abeuk.com  © Copyright, 2008 The Association of Business Executives (ABE) and RRC Business Training All rights reserved No part of this publication may beRead MoreStrategic Human Resource Management4089 Words   |  17 PagesContents 1. Introduction: 2 2. Strategic Human Resource Management Practices in Samsung: 2 2 a. Samsung overall introduce 3 2.b HRM challenge in Samsung 3 2 .c Samsung strategies 4 3. RECRUITMENT AND SELECTION 5 4. Career management and development 6 4.a HTP concept 7 5. Rewarding 8 6. DIVERSITY AND EQUAL OPPORTUNITY 9 7. Employee welfare 10 Employee wage and welfare 10 Support for housing 10 Children’s education 10 Medical support 11 Support for retirement 11 8. Contribution to the national economyRead MoreStrategic Human Resource Management3790 Words   |  16 PagesSummary: Strategic human resource management is an approach that refers how the aims of the organization will be acquired through people by means of human resource strategies and combined human resource practices and policies. It is also based with viewing the people of the organization as a strategic element for the acquirement of competitive benefit. Strategic human resource model are used to achieve sustainable competitive advantage in the industry. Human Resources Management is the strategic management