How to do business
1. Context & Background of Strategic HRM
Professor Debi S. Saini
(debisaini@mdi.ac.in)
Management Development Institute, Gurgaon
1
What Points are Discussed in this Session?
1. New work paradigm: Linked to globalized business world
2. New bus. realties & new critical success factors: BRICS
3. SHRM?: HR’s response to new Critical Success factors
4. How is SHRM different from tradl. HR functions
2
1
What has driven the New Business World
&
the World of Work?
Globalization!!!
3
What Does Globalization mean?
It means:
• Global movement of capital, businesses
• Driven by principles of free market economy
• & less obstructed people movement
• Across borders within companies
4
2
Globalization & Other Factors have Changed Business World
1. GLOBALIZATION Syndrome
2. Information Revolution/Internet
3. New Technology
4. Emergence of Service Industry
5. HR Philosophy:
A new way of HR mgt.
Psychological Contract
M. Thatcher has been named UK’s most effective prime minister of the 20th century by BBC History Magazine 30 Aug, 2006, TOI
5
Hyper-Competitive Landscape: Broad Issues faced by today’s organization
1. Strategic manoeuvres all over
Price—Quality—Talent—Professional mgt.
Change mgt.—M&A
Chaotic business environments: 2. Technology related challenges:
Information—Knowledge mgt.
—Innovation
3. Global HR Issues
Fundamental changes in nature of competition
Global spread of innovation & people
GHRM—Cross-cultural issues--DM
6
3
Conceptual Age or Age of Imagination or Creative Age
????
7
SHRM Course Focuses on these Critical Factors
1. Take strategic steps (Making/implementing)
2. Customer-centricity
3. Innovation—R & D—KM
4. Talent
5. Flexible
6. Lead the change
7. Speed
8. Aligning all functions with Strategy: Align HR with Business
8
4
DEFINITION OF SHRM
“A distinctive approach of employment management which seeks to achieve competitive
Professor Debi S. Saini
(debisaini@mdi.ac.in)
Management Development Institute, Gurgaon
1
What Points are Discussed in this Session?
1. New work paradigm: Linked to globalized business world
2. New bus. realties & new critical success factors: BRICS
3. SHRM?: HR’s response to new Critical Success factors
4. How is SHRM different from tradl. HR functions
2
1
What has driven the New Business World
&
the World of Work?
Globalization!!!
3
What Does Globalization mean?
It means:
• Global movement of capital, businesses
• Driven by principles of free market economy
• & less obstructed people movement
• Across borders within companies
4
2
Globalization & Other Factors have Changed Business World
1. GLOBALIZATION Syndrome
2. Information Revolution/Internet
3. New Technology
4. Emergence of Service Industry
5. HR Philosophy:
A new way of HR mgt.
Psychological Contract
M. Thatcher has been named UK’s most effective prime minister of the 20th century by BBC History Magazine 30 Aug, 2006, TOI
5
Hyper-Competitive Landscape: Broad Issues faced by today’s organization
1. Strategic manoeuvres all over
Price—Quality—Talent—Professional mgt.
Change mgt.—M&A
Chaotic business environments: 2. Technology related challenges:
Information—Knowledge mgt.
—Innovation
3. Global HR Issues
Fundamental changes in nature of competition
Global spread of innovation & people
GHRM—Cross-cultural issues--DM
6
3
Conceptual Age or Age of Imagination or Creative Age
????
7
SHRM Course Focuses on these Critical Factors
1. Take strategic steps (Making/implementing)
2. Customer-centricity
3. Innovation—R & D—KM
4. Talent
5. Flexible
6. Lead the change
7. Speed
8. Aligning all functions with Strategy: Align HR with Business
8
4
DEFINITION OF SHRM
“A distinctive approach of employment management which seeks to achieve competitive