ENTREPRENEURSHIP

Detailed explanation-1: -Strategic HR aligns performance criteria systems with corporate goals and strategies rather than traditional functional concerns. It includes in performance criteria of both rank and file employees and managers those that will enable them to contribute to corporate goals.

Detailed explanation-2: -A strategic HR manager is focused on forming a long-term strategy. For example, when they are looking to hire for a position, they are considering future growth projections and goals of the company. While traditional HR managers work reactively, strategic HR managers work proactively.

Detailed explanation-3: -Aligning with business strategy gives HR a strategic focus and helps prioritize goals. Secure the right talent: Good talent is always valuable, but companies may need to invest in different skill sets or roles at different times.

Detailed explanation-4: -The Human Resource Function Should Be Aligned With An Organizations Strategic Plan. The Human Resource Function should be aligned with an organizations strategic plan because an organization has a vision of what they want their company to be and in what time frame they would like to achieve it in.

Detailed explanation-5: -The strategic role of HR includes enhancing organizational performance, get involved in corporate planning, decision making on mergers, acquisitions and downsizing, redesigning organizations and work processes and ensuring financial accountability for HR results.