Week 2: Interactive Learning Activity

2.1 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.

2.2 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.

2.3 Test your Knowledge (Question)

What are the challenges which organizations face to be competitive in the present global environment?

2.4 Instructions

Answer the question in test your knowledge section in not more than 150 words of your own.