Learning Outcomes:

$$ Describe the differences between strategy formulation and strategy implementation.

$$ List the components of the strategic management process.

$$ Discuss the role of the HRM function in strategy formulation.

$$ Describe the linkages between HRM and strategy formulation

$$ Discuss the more popular typologies of generic strategies and the various HRM practices associated with each.

$$ Describe the different HRM issues and practices associated with various directional strategies.

$2\mathrm{.}2$ Action Required:

$$The Human resources must face new challenges every now and then and it is certain that in this challenging environment issues will never cease to emerge. It is therefore of the utmost importance that properly devised Human Resource techniques shall be applied and practiced to coup with these challenges.$$

$2\mathrm{.}3$ Test your Knowledge $($Question$)$:

Describe the different HRM issues and practices associated with various directional strategies