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The goal of strategic management in an organization is to deploy and allocate resources in a way that gives it a competitive advantage. Human resource managers should have input into the strategic plan, have specific knowledge of the organization’s strategic goals, know what types of employee skills, behaviors, and attitudes are needed to support the strategic plan, and develop programs to ensure that employees have those skills, behaviors, and attitudes. * Strategic Management is a process for analyzing a companys competitive situation, developing the companys strategic goals, and devising a plan of action and allocation of resources that will help a company achieve its goals. HR Managers should be trained to identify the competitive issues faced by the organization. To take a strategic approach to HRM, first understand the role of HRM in the strat5egic management process. Strategic human resource management is the pattern of planned human resource deployments and activities intended to enable an organization to achieve its goals. * Strategic Management has two distinct yet independent phases: Strategy Formulation: Strategic planning groups decide on a strategic direction by defining the company’s mission and goals, its external opportunities and threats, and its internal strengths and weaknesses. Strategy Implementation: The organization follows through on the strategy that has been chosen. This includes structuring the organization, allocating resources, ensuring that the firm has skilled employees in place, and developing reward systems that align employee behavior with the strategic goals. This process entails as constant cycling of information and decision making. * Summary Overview XXXX Major Title Heading. This slide relates to XX-XX. 5 Categories of Directional Strategies include concentration, internal and external growth, downsizings and mergers and acquisitions. Concentration focuses on increasing market share, reducing costs or creating and maint
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