Human resource management practice I also available by michael armstrong

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02

Strategic HRM

LearnIng outComes

On completing this chapter you should be able to define these key concepts. You should 

also understand:

 

●

The conceptual basis of strategic HRM

 

●

The fundamental characteristics of strategy

 

●

How strategy is formulated

 

●

The aims of strategic HRM

 

●

The resource-based view and its implications

 

●

The meaning of strategic fit

 

●

The three HRM ‘perspectives’ of Delery and Doty

 

●

The significance of bundling

 

●

The significance of the concepts of ‘best practice’ and ‘best fit’

 

●

The significant features of strategic HRM

 

●

The content and formulation of HR strategies

Key ConCePts and terms

Best fit

Best practice

Bundling

Business model

Business model innovation

Competency framework

Competitive advantage

Configuration

Contingent determinism

High-commitment management

High-involvement management

High-performance management

High-performance work system

Human resource advantage

Life cycle model

Resource-based view

Resource dependence theory

Strategic configuration

Strategic fit

Strategic HRM

Strategic management

Strategy

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