Human Resource Strategy

Strategy can be defined as the set of related decisions that an organization makes about how it will create value and thereby achieve competitive advantage. Human resource strategy represents the subset of decisions that an organization makes about how to use its personnel to create value. Human resource (HR) strategy is generally viewed as a supportive strategy to aid in accomplishing the corporate and business strategy of a firm. HR strategy determines the specific HR activities that an organization will use to influence the behavior of its employees and how it will develop their capabilities to accomplish its business strategy. New ventures are particularly well positioned to develop high-performance HR strategies to drive business results, since they are able to start with a blank slate, ...