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Human Resource Management 11th Edition by John Ivancevich
Edition 11ISBN: 978-0071267700Human Resource Management 11th Edition by John Ivancevich
Edition 11ISBN: 978-0071267700 Exercise 1
Why is the HR department playing a more significant role in organizational strategic planning processes today than it did 20 years ago?
Explanation
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Management is nothing but ways by which a person manage people and control them in an organization. Manager is the one who is responsible for managing people.
Human resource management is the function of managing human resources or employees to improve their performance, so that they can meet the organizational objectives as they are the important assets of the business.
Strategic planning is the process by which the organization define its strategy and allocate its resources appropriately to proceed with the strategy.
Earlier, the HRM functions were not linked to the companies bottom-line and the HR department was just treated as a unit to deal with people. The HR department of many organizations faced problem in adopting strategic perspective as the organization focus only on short term goals. Many HR managers lacked strategic approach as they were less trained and educated and they focused more on their area of expertise. They lack knowledge related to international business, accounting, finance, etc. The HR managers faced problem in tracking HRM programs as they were unaware to use HR matrix.
In today's world, HR department is playing important role in organizational strategic planning because:
• Business are more focused towards achieving the long-term goals.
• Business are more focused towards achieving and sustaining the competitive advantage.
• Business are more focused towards meeting the triple bottom-line.
• Business are expanding globally so it is important for business to have sufficient knowledge of international operations, finance, accounting, marketing and production.
• Business are focusing more on investing in human assets which is important for proper functioning of the organization.
• Organization function in dynamic environment so they should be adaptable to change effectively.
Today, businesses are linking organizational and human resource plan with business strategies. HRM is playing important role in strategic planning and organizational change. HRM focus on people, profit and overall effectiveness of the organization. HR department is contributing towards the goals and mission of the organization. HRM is accountable for productivity, downsizing and redesigning of the organization. Furthermore, it also plays a crucial role in managing diverse workforce and using the resources effectively to manage the changing needs of business.
Human resource management is the function of managing human resources or employees to improve their performance, so that they can meet the organizational objectives as they are the important assets of the business.
Strategic planning is the process by which the organization define its strategy and allocate its resources appropriately to proceed with the strategy.
Earlier, the HRM functions were not linked to the companies bottom-line and the HR department was just treated as a unit to deal with people. The HR department of many organizations faced problem in adopting strategic perspective as the organization focus only on short term goals. Many HR managers lacked strategic approach as they were less trained and educated and they focused more on their area of expertise. They lack knowledge related to international business, accounting, finance, etc. The HR managers faced problem in tracking HRM programs as they were unaware to use HR matrix.
In today's world, HR department is playing important role in organizational strategic planning because:
• Business are more focused towards achieving the long-term goals.
• Business are more focused towards achieving and sustaining the competitive advantage.
• Business are more focused towards meeting the triple bottom-line.
• Business are expanding globally so it is important for business to have sufficient knowledge of international operations, finance, accounting, marketing and production.
• Business are focusing more on investing in human assets which is important for proper functioning of the organization.
• Organization function in dynamic environment so they should be adaptable to change effectively.
Today, businesses are linking organizational and human resource plan with business strategies. HRM is playing important role in strategic planning and organizational change. HRM focus on people, profit and overall effectiveness of the organization. HR department is contributing towards the goals and mission of the organization. HRM is accountable for productivity, downsizing and redesigning of the organization. Furthermore, it also plays a crucial role in managing diverse workforce and using the resources effectively to manage the changing needs of business.
Human Resource Management 11th Edition by John Ivancevich
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