Essay About Following Concepts And Hr Processes

Balanced Scorecard
Explain the term “Strategy” and describe the benefits of strategic managementBriefly explain the Key Attributes of Strategic Management and their impact on organizationsA Vision is “An inspiring, long-term “dream” about what the organization will achieve in the future” do you agree? Explain the main purpose of having a vision statement and its advantages to an organizationExplain the following concepts with relevant examplesCorporate StrategyBusiness StrategyFunctional Strategy“If organizations want to stay competitive, they need to understand the importance of obtaining a sustainable competitive advantage” Do you agree? Explain“Traditional means of achieving a competitive advantage has become irrelevant in the modern dynamic business context” discuss briefly about why modern organizations have to face such a problemDiscuss the importance of SWOT and PESTEL analysis on strategy development for an organizationBriefly explain the following concepts with examplesCost Leadership strategyProduct Differentiation strategyFocus StrategyWhat is the importance of constant evaluation of an implemented strategy for organizational successDefine Strategic HRM and discuss the importance of it to the modern business context“Human Resources Department does not contribute towards profit generation in an organization, hence we do not need one” Do you agree? How can HR processes contribute to the bottom line (Profits) in the organization? “Human Resource is the best resource to obtain a sustainable competitive advantage to any organization” do you agree?, Explain by using relevant examplesYour chief executive has sent you the following e-mail. ‘I have just returned from a one-day management conference in which an academic kept on referring to “the resource-based view” and its significance. What is it and how relevant is it, if at all, to what we are doing here?’ Produce a reply.Explain the following conceptsBest fitBest PracticeBundlingBriefly explain the 2 types of HR strategies “General & Specific”Briefly explain the concept of Balanced Score CardExplain why do HR Departments have to measure the effectiveness of HR functionsExplain HR Score Card by using an example