STRATEGIC HUMAN RESOURCES MANAGEMENT

Strategic Human Resources Management

Economic environment is in continuous process of change which is characterized as globalization, investor demands or changing costumers' needs. It also depends on product-market competition where demand and supply mainly rely on. In order to follow this race of competition company makes effective measures to compete this race by reducing costs or by innovating products and by speeding up the productivity to cater market demands or by improving their quality. Hr is considered to be the most important factor in making up any organization but parallel to this understanding human resource management meaning is also going away on in managerial chain of command. Organizations are now conscious that through successful human resource policies and practicing that can increase performance in different areas which includes efficiency, financial performance plus quality.

Task 1

For employee it is extremely clears that the meaning of the term 'job for life' is now an old trend. However when a new employee applies for any job opportunity that directly relates to the engagement to have a change. Rate of return determines to any individual's future options (Davis, Meyer, 2004, 359). Many companies are too quick to downsize or to right size in the scenario of cost-cutting initiatives. While on other hand organization also take merger and accusation decisions that may threaten the culture or trend of human resource development in any firm. Strategic management includes first the formulation of the procedures and then the functioning of the all the initiative of the major goals which company needs to acquire on behalf of the owner. It is totally dependent on the resources and the appraisal of internal and external environments under which organization competes. Strategy is basically define as the long term goals of any enterprise and it can be possible through the acceptance of courses of every possible action and the portion of the resources which are essential for carrying out these goals and objectives. It engages three types of related concepts which are strategic planning and strategic thinking. Strategic planning is observed as an analytical by nature which usually refers to formulate procedures to produce all kind of data and analyses which are used as inputs for strategic thinking which synthesizes all kind of data that results in setting up the strategies. Whereas strategic planning is also downgrade as an organize mechanisms which are used to implement strategies which are once determined. We can also state that strategic planning usually happens around the strategic thinking or strategy making activity.

For example Sainsbury's Great was established with the mantra by Justin king's management which was designed to achieve on-going performance it is the second largest retailer after Tesco. Management is striving to beat Tesco by reinforcing five goals which focuses its plans for the future. However Sainsbury has been slower off the market apart from its other competitors. We can say that Sainsbury has no longer international presence but with their recent move in food and the banking acquisition which offers much ...