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Strategic HR Management for Sustained Competitive Advantage
- 1. Strategic capability Strategic Human Resource Management
- 2. Prepared By Kindly restrict the use of slides for personal purpose. Please seek permission to reproduce the same in public forms and presentations. Manu Melwin Joy Assistant Professor Ilahia School of Management Studies Kerala, India. Phone – 9744551114 Mail – manu_melwinjoy@yahoo.com
- 3. Fundamentals of Strategy • Fundamentally, strategy is about defining intentions (strategic intent) and achieving strategic fit by allocating or matching resources to opportunities (resource-based strategy).
- 4. Fundamentals of Strategy • The effective development and implementation of strategy depends on the strategic capability of the organization, which will include the ability not only to formulate strategic goals but also to develop and implement strategic plans through the processes of strategic management and strategic planning.
- 5. Strategic capability • Strategic capability is a concept that refers to the ability of an organization to develop and implement strategies that will achieve sustained competitive advantage.
- 6. Strategic capability • It is therefore about the capacity to select the most appropriate vision, to define realistic intentions, to match resources to opportunities and to prepare and implement strategic plans.
- 7. Strategic capability • The strategic capability of an organization depends on the strategic capabilities of its managers. People who display high levels of strategic capability know where they are going and know how they are going to get there.
- 8. Strategic capability • They recognize that, although they must be successful now to succeed in the future, it is always necessary to create and sustain a sense of purpose and direction.