Strategy: creating purpose
5 important questions on Strategy: creating purpose
Mintzberg's 5P's of strategy
- Ploy: more specific strategy undertaken to beat competitor
- Pattern: consistency in behavior in strategy
- Position: strategy is fit between organization and its environment
- Perspective: strategy is worldview, shared perspective
Porter's 3 basic competitive strategies
- Differentiation: products that are differentiated
- Focus: focus on narrow segment, aim to meet needs in this segment
Vertical vs horizontal fit model
Horizontal fit: integration of different HR practices into a coherent system, 3 bundles are:
- Empowerment-enhancing bundles
- Motivation-enhancing bundles
- Skill-enhancing bundles
- Higher grades + faster learning
- Never study anything twice
- 100% sure, 100% understanding
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Hard vs soft strategic approach
Soft approach: looks at relationship between employer and employee, integrates interests of different stakeholders
SHRM through 5-P model of HRM
2. HR policies: guidelines for how to act in relation to people matters
3. HR programmes: coordinate efforts to introduce and manage change
4. HR practices: ensure that employees are motivated to engage in wanted behavior
5. HR processes: deal with how other activities are formulated
The question on the page originate from the summary of the following study material:
- A unique study and practice tool
- Never study anything twice again
- Get the grades you hope for
- 100% sure, 100% understanding
