I have a question from all of you, specially senior people.
In your organisation, does HR play a role in designing corporate startegies? :shock:
Do senior management involve HR people to devlop these strategies?? :?
This is what I mean by Corporte strategies:
The essence of corporate strategy
Corporate strategies give a sense of purpose for the organisation.The purpose has a broader concept. It included the benefit of shareholders, employees and customers. Ansoff and Drucker refers to this aspect of strategy as “mapping out the future direction that needs to be adopted against the resources possessed by the organisation.”
Purpose alone is, however, not the strategy. Plans and actions need to be developed to activate the purpose. Many companies have also evolved a management style to suit their purpose.
" corporate strategy can be defined as the objectives, purposes or goals and essential policies or plans for achieving those goals, stated in such a way as to define what business the company is in or is to be in and the kind of company it is to be."– Andrews.K in The concept of corporate strategy. Going by the definition, every company needs to manage its strategies in three areas.
# The organisation’s internal resources.
# The external environment.
# The organisations ability to add value to what it does.
It is a linking process between the internal resources and external customers, suppliers, competitors and the economic and social environment. The core of any corporate strategy is the basic SWOT analysis. It matches the internal strengths to avail external opportunities and fight threats, rectifies internal weaknesses, so that an organisation can ward off all external threat.
The organisation relates with the external environment and evolves strategies to control and plan resources. So that the organisation can avail maximum benefit from the external environment. Similarly it has to evolve strategies to control the external environment. It has to develop strategies continuously for value addition to the company. All this encompasses corporate strategies.
Hope to receive your participation in the discussion.
Cheers
Archna
In your organisation, does HR play a role in designing corporate startegies? :shock:
Do senior management involve HR people to devlop these strategies?? :?
This is what I mean by Corporte strategies:
The essence of corporate strategy
Corporate strategies give a sense of purpose for the organisation.The purpose has a broader concept. It included the benefit of shareholders, employees and customers. Ansoff and Drucker refers to this aspect of strategy as “mapping out the future direction that needs to be adopted against the resources possessed by the organisation.”
Purpose alone is, however, not the strategy. Plans and actions need to be developed to activate the purpose. Many companies have also evolved a management style to suit their purpose.
" corporate strategy can be defined as the objectives, purposes or goals and essential policies or plans for achieving those goals, stated in such a way as to define what business the company is in or is to be in and the kind of company it is to be."– Andrews.K in The concept of corporate strategy. Going by the definition, every company needs to manage its strategies in three areas.
# The organisation’s internal resources.
# The external environment.
# The organisations ability to add value to what it does.
It is a linking process between the internal resources and external customers, suppliers, competitors and the economic and social environment. The core of any corporate strategy is the basic SWOT analysis. It matches the internal strengths to avail external opportunities and fight threats, rectifies internal weaknesses, so that an organisation can ward off all external threat.
The organisation relates with the external environment and evolves strategies to control and plan resources. So that the organisation can avail maximum benefit from the external environment. Similarly it has to evolve strategies to control the external environment. It has to develop strategies continuously for value addition to the company. All this encompasses corporate strategies.
Hope to receive your participation in the discussion.
Cheers
Archna