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  • HRM 401 Ass 1

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    Wayne Benjamin
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    Business strategy outlines how a business will achieve its goals through competitive actions to attract customers and improve performance. HR strategy involves long-term planning by the HR department to develop human capital and meet organizational objectives. Proper HR strategy impacts business strategy, as HR now plays a more strategic role in companies and affects profits. For success, business leaders must understand the connection between business and HR strategies and ensure HR activities complement business goals through executive collaboration and demonstrating return on investment from HR.

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    HRM 401 ASS 1

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    Business strategy outlines how a business will achieve its goals through competitive actions to attract customers and improve performance. HR strategy involves long-term planning by the HR department to develop human capital and meet organizational objectives. Proper HR strategy impacts business strategy, as HR now plays a more strategic role in companies and affects profits. For success, business leaders must understand the connection between business and HR strategies and ensure HR activities complement business goals through executive collaboration and demonstrating return on investment from HR.

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    9 views1 page

    HRM 401 Ass 1

    Uploaded by

    Wayne Benjamin
    Business strategy outlines how a business will achieve its goals through competitive actions to attract customers and improve performance. HR strategy involves long-term planning by the HR department to develop human capital and meet organizational objectives. Proper HR strategy impacts business strategy, as HR now plays a more strategic role in companies and affects profits. For success, business leaders must understand the connection between business and HR strategies and ensure HR activities complement business goals through executive collaboration and demonstrating return on investment from HR.

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    MITCHELLE JOY NGANGA

    19S01ABA069
    Business strategy and HR strategy can be better communicated by understanding the two terms. A
    business strategy is best described as a competitive moves and action that a business uses in order to
    attract the appropriate customers, improving performance, and achieve the organizational goals that
    have been previously established.

    It provides an outline on how the businesses should be executed to reach the desired goals of the
    organization. HR strategy or human resource strategy is a long-term plan that is created to meet the
    objectives created by the human resource department and human capital management and
    development in the organization. HR strategy is one of the outputs of the strategic management in
    the field of human resource management.

    Specifically, proper HR strategy is said to have on impact on the business strategy. In today’s world, it
    has been observed that the human resources department have a more concrete, strategic role in
    companies, and this reflect that HR strategy affects the bottom line. HR strategy can be a part of
    complete business strategy which says that business strategy and HR strategy play a significant role
    while devising one and another.

    In the real world, the distinction between Business strategy and HR strategy is said to be a very thin
    line. However, a successful business owner understands the significance of this difference and
    understands that there is a strong connection between the two. Human Executive leadership teams
    confers with human resources experts which is included in the human resource strategy and this aids
    in improvising the complementary goals for human resource and the whole business. As you can see,
    this is what is aimed to be achieved through business strategy and human resource strategy.

    The recruitment and selection process carried out the human resource department amounts to
    ensuring that a productive workforce is created. Ensuring the maintenance of workforce that
    facilitates high levels of job satisfaction and job security converts into a workforce assisting in
    achieving the business goals.

    Currently, it can be stated that HR technologies have become an integrated engine in terms of
    advancing the broader requirements of the business, supporting more than just the basic
    transactions, and advancing the HR and business agenda for the purpose of a better future. The
    progress of the performance management, recruitment, and selection includes Human Resources
    Information System (HRIS) as an integral part of such progress. HRIS also plays a significant role in the
    rejection of candidates, their promotions and postings, etc.

    Business strategy and HR strategy rests upon the interaction among executive leadership. IT is said
    that one of the best ways to cultivate a healthy relationship between HR and C-level executives is by
    demonstrating the ROI (Return on Investment) in human resource activities and practices. By
    cultivating such a healthy relationship, the HR strategy will complement the business strategy to work
    towards achieving the business goals.

    Thereby, this helps us understand business strategy and HR strategy as the integration of HR strategy
    with business strategy, business productivity, and their inter-dependencies and the way their
    relationship influences the organization.

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