Assignment: The Human Side of Strategic Decisions
As we think and discuss strategic decisions that organizations undertake, it's important to also examine the human element involved in those decisions. Employee movement may be difficult or costly because of the following:
• A business-unit manager of an older division may be reluctant to transfer key people who have accumulated knowledge and experience critical to the business unit's success.
• Managers able to facilitate the transfer of core competencies may come at a premium.
• The key people involved may not want to transfer.
• The top-level managers from the transferring division may not want the competencies transferred to a new division to fulfill the firm's diversification objectives.
Hitt, M.A., Ireland, R.D., &Hoskisson, R.E. (2015). Strategic management: Competitiveness & globalization (11th ed). Stamford, CT: Cengage.
1. If you were the HR professional - how would you help alleviate the burden on our human capital of our strategic decisions?
Class - recall that in Chapters 4 and 5 the discussion focused selecting and implementing a business-level or competitive strategy-actions a firm should take to compete in a single industry or product market-and the actions and responses that affect the competitive dynamics of a single industry or product market.
In contrast, when a firm diversifies its operations by operating business in several industries, corporate-level strategy becomes a primary focus. This means that a diversified firm has two levels of strategy: business-level (or competitive) and corporate-level (or company-wide), the latter of which entails selecting a strategy that focuses on the selection and management of a mix of businesses.
Hitt, M.A., Ireland, R.D., &Hoskisson, R.E. (2015). Strategic management: Competitiveness & globalization (11th ed). Stamford, CT: Cengage.
2. So - let's discuss your own organization. Is your firm diversified or if not are they following a business level or competitive strategy?
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.