STRATEGIC PLAN

Individual Strategic Plan

Individual Strategic Plan

Broad Objectives

There are two objectives, which You Inc. is trying to develop. You Inc. plans to develop both the government and commercial fuel system upgrade and construction plan which will allow the company to develop the new division as a global competitor in the industry. The first objective will begin with a government project in the European community to open a very competitive region. The second objective will be to develop the commercial market that will allow the company to expand into the wider European market.

You Inc. strategic goals for this business adventure are to demonstrate willingness to provide their customers with nothing less than superb results. In addition, if You Inc. is highly successful in establishing a foothold in the European market, then the strategic goal to enter this market system will proved to be rewarding to the company and the shareholders. It will produce enough new revenue that could run well into the 21st Century (Lau, 2005). The venture will open doors to build government and commercial markets.

Human Resource Planning and Strategic Objectives

The Human Resources Strategic Planning at You Inc. should be viewed as a fundamental part of the company's strategic planning. The central objective of strategic planning is to achieve maximum benefit from the internal resources. Strategic planning at the You Inc. allows the organization to take an active rather than reactive approach in shaping its future, i.e., the organization can undertake and influence decisions rather than just responding and, therefore, can control their destination.

The execution of strategic planning takes on enormous importance. A central goal of the process is to ensure that all managers understand it and commit to it. The understanding may be the most important benefit of strategic planning, followed by compromise. This is especially true when employees also understand the links between their individual compensation and organizational performance. Thus, one of the principal benefits of strategic planning at the You Inc. is the process of empowering opportunity, that is, give staff the power to decide.

Functions of Human Resource Management at You Inc.

Human resource management department will be responsible for looking after the human resource aspects of an organization. It is responsible for acquiring qualified individuals, providing them with training, motivating them for high levels of performance, and installing mechanisms that ensure that the employees sustain their productive association with the organization (Greer, 2008).

Following are the 7 main functions of Human Resource Management

1. Human Resource planning

2. Recruitment and selection

3. Training and development

4. Performance appraisal

5. Performance appraisals

6. Compensation and benefits

7. Employee relations

All these functions are significant to the You Inc. However, the first function of human resource planning forms the foundation for all the others.

Human Resource Planning Process

You Inc. human resource planning process comprise 4 key stages:

Identifying the impact of the strategic objectives of the organization on particular units of the business.

Analyzing and assessing the organizational demand for human resources including the sets of skills, knowledge, experience and the total number of employees for achieving the strategic objectives ...