A STUDY ON STRATEGIC ROLE OF HUMAN RESOURCE MANAGEMENT

Topics: Strategic management, Management, Strategic planning Pages: 11 (1664 words) Published: October 18, 2013
PREFACE
Strategic management is the management of change involving the system of corporate values, the corporate culture, and all managerial process of change, such as leadership, planning, control, and human resources management. The strategic management process represents a logical, systematic, and objective approach for determining an enterprise's future direction. Researchers usually distinguish three stages in the process of strategic management: strategy formulation, strategy implementation, and evaluation and control. HR plays a major role in this process in various ways. First, HR has to demonstrate that it is the respectful business partner for the strategic planning. HR has to take the full responsibility for connecting people, ideas and tools together. Second, HR has to demonstrate that it understands the business of the organization. The HR Role is in bringing ideas for innovations and new products development. Third, HR has to prove its understanding to modern HR Management trends. HR cannot be a passive function in the organization. It has to monitor market for the new trends; HR cannot follow HR Best Practices; it has to set the Best Practices for the industry. Fourth, HR has to determine the art of connecting the strategic plan with the real business. The strategic plan does not describe details. The strategic plan does describe strategic directions of the organization. HR has to understand to these directions and has to translate them into right initiatives and steps. Fifth, HR has to demonstrate it can overcome obstacles. No strategic plan is implemented easily. The HR role is in building the strategic alliances with other employees and managers to push the solution forward. HR has to lead the communication, and it has to act as the change agent. HR is not invited automatically. It has to fight for its place at the table. It can be seen as the weak partner in the beginning. However, by playing the strong HR role the position will start to change quickly. The HR has to be a part of the strategic planning. The HR Role is in bringing right initiatives to make the human capital competitive and innovative.

Place: CHENNAI
Date: PRIYAKUMAR. J
ACKNOWLEDGEMENT
I am very grateful to Almighty God and His channels in this world for giving me the strength, confidence and knowledge to conduct this study at every step of it. I express my heartfelt thanks to Dr. R. W. Alexander Jesudasan, the Principal, Madras Christian College, Dr. R. Belinda, Head of the Department, Mr. R. Sankarnarayan for giving a valuable opportunity along with the support, encouragement and guidance given at all stages of the study. His availability for discussion about the study at any time and continuous encouragement are worth appreciating. I extend my deep gratitude to the HR professionals for giving me permission to do the project in their organizations. My gracious thanks to all the faculty members of the department, my family members and my friends for their unprecedented help without which this study would not have been accomplished.

Place: CHENNAI
Date: PRIYAKUMAR. J

TABLE OF CONTENTS
S. NO
CONTENTS
PAGE
NUMBER
1
Preface
i
2
Acknowledgement
ii
3
Contents
iii
4
List of Tables
iv
5
List of Figures
vi
6
Abstract
vii
7
CHAPTER I
Introduction and Methodology
1
8
CHAPTER II
Hunt for Knowledge
8
9
CHAPTER III
Analysis and Interpretation
29
10
CHAPTER IV
Main findings and Suggestions
77
11
CHAPTER V
Conclusion and Summary
83
12
Bibliography
viii
13
Appendix
xi

LIST OF TABLES
TABLE
NO.
TITLE OF THE TABLE
PAGE
NO.
1
Age of the Respondents

2
Designation of the Respondents

3
Experience of the Respondents

4
HR’s Participate in Business Strategies

5
HR Strategy is directly aligned with business
strategy in the organization.

6
The HR Manager is seen as a Business Partner
in the Organization.

7
The HR Manager is...
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