PowerPoint PresentationSlide 2Group DiscussionStrategic ManagementSlide 5Strategic Management Process ModelSWOT AnalysisStrategic Planning and HRM Linkages2-1Human Resource Management: Strategic Human Resource Mgt2-2Jack WelchChairman & CEOof GE, 1981-2001GE’s value rose 4,000%1000s fired under himDivisions shut down if not profitable“The Welch Way” taught in MBA courses2-3Group DiscussionBreak into groups of 5What are Jack Welch’s main points?Which do you agree with? Explain why.Which do you disagree with? Explain why not.Why would someone like Jack Welch value HR?2-4Strategic Managementpattern of planned HR activities and deployments intended to enable an organization to achieve its goals.process to address organization’s competitive challenges by integrating goals, policies and actions into a cohesive wholeHR Strategic Management2-5Strategic Management PhasesStrategic FormulationStrategic Implementation Strategic Implementation2-6Strategic Management Process Model Strategy Formulation Strategy ImplementationHR Practices•Recruiting•Training•Performance management •Labor relations •Employee relations•Job analysis•Job design •Selection•Development •Pay structure•Incentives•BenefitsFirmPerformance•Productivity•Quality•ProfitabilityHR Actions•Behaviors•ResultsHR Capability•Skills,•Abilities•KnowledgeHR Needs•Skills•Behavior•CultureStrategicChoiceGoalsMissionExternal Analysis•Opportunities•ThreatsInternalAnalysis•Strengths•Weaknesses2-7SWOT Analysis Strengths Weaknesses Opportunities ThreatsExternal AnalysisInternal Analysis2-8Strategic Planning and HRM Linkages Administrative LinkageOne-Way LinkageTwo-Way LinkageIntegrative
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