What it means to be strategic - sustainable - add substantial value (more than competition) - holistic -integrates the firm to be larger than sum of parts - translate to specific and powerful actions Step 1. Identify organisation unit you are defining the strategy Step 2. External environment Step 3. Business strategy (What are the ways we compete as a company) Step 4. How will people behave if capabilities are executed at ideal level Step 5. Define what we need more of and less of Step 6. What are major HR practices that help us develop capabilities we need to compete Step 7. Translate to actionable plan over reasonable period of time Step 8. Measurements
What it means to be strategic
- sustainable
- add substantial value (more than competition)
- holistic
-integrates the firm to be larger than sum of parts
- translate to specific and powerful actions
Step 1. Identify organisation unit you are defining the strategy
Step 2. External environment
Step 3. Business strategy (What are the ways we compete as a company)
Step 4. How will people behave if capabilities are executed at ideal level
Step 5. Define what we need more of and less of
Step 6. What are major HR practices that help us develop capabilities we need to compete
Step 7. Translate to actionable plan over reasonable period of time
Step 8. Measurements
Much appreciated Wayne this is very interesting thank you
You're a legend, thank you
8 steps to creating HR Strategy:
Step 1 - 1:55
Step 2 - 2:49
Step 3 - 3:15
Step 4 - 3:35
Step 5 - 4:28
Step 6 - 4:36
Step 7 - 5:08
Step 8 - 5:21
Godspeed to you too :)!!