Having a strategic plan is essential for a company to strive and remain successful. It looks at a company’s internal strengths and weaknesses with external threats and opportunities in order to maintain a competitive advantage. It is important to use a strategy-oriented HR system in order to match the company’s capabilities with the demands of the environment. With the scenario of a medium sized IT organization that faces intense competition, having strategic goals and reaching them will help the company stay ahead of the game. The goals of to increase the sales of the company software products and to hire 50 more workers during the calendar year are both directly linked to HR functions. HR will allow the company to bring in 50 qualified workers that will fit in and work to their full ability. It will also help managers keep their employees engaged during work to increase output, and tell higher of any methods used by other companies that could help increase their own sales. The first step in the strategic management process is to define the current business. Here it is important to realize exactly what product your company sells and how they differ from other IT competitors. Second, perform external and internal audits. With this step you evaluate your strengths, weaknesses, opportunities, and threats. This is extremely important especially in a competitive IT market to make the most out of every opportunity and to improve weakness that can be exploited by the competition. Third, is formulate a new direction. With an IT organization there are many ways the company could go. Here is where managers create a vision of where the company is going and create a mission statement of what its tasks are now. Fourth, we translate the mission into strategic goals for the company to strive for. In our scenario we have to increase sales of software products and to hire 50 more workers this calendar year, which is probably off of the vision of being the top
Having a strategic plan is essential for a company to strive and remain successful. It looks at a company’s internal strengths and weaknesses with external threats and opportunities in order to maintain a competitive advantage. It is important to use a strategy-oriented HR system in order to match the company’s capabilities with the demands of the environment. With the scenario of a medium sized IT organization that faces intense competition, having strategic goals and reaching them will help the company stay ahead of the game. The goals of to increase the sales of the company software products and to hire 50 more workers during the calendar year are both directly linked to HR functions. HR will allow the company to bring in 50 qualified workers that will fit in and work to their full ability. It will also help managers keep their employees engaged during work to increase output, and tell higher of any methods used by other companies that could help increase their own sales. The first step in the strategic management process is to define the current business. Here it is important to realize exactly what product your company sells and how they differ from other IT competitors. Second, perform external and internal audits. With this step you evaluate your strengths, weaknesses, opportunities, and threats. This is extremely important especially in a competitive IT market to make the most out of every opportunity and to improve weakness that can be exploited by the competition. Third, is formulate a new direction. With an IT organization there are many ways the company could go. Here is where managers create a vision of where the company is going and create a mission statement of what its tasks are now. Fourth, we translate the mission into strategic goals for the company to strive for. In our scenario we have to increase sales of software products and to hire 50 more workers this calendar year, which is probably off of the vision of being the top