ENTREPRENEURSHIP

Detailed explanation-1: -Strategic HR is preventive rather than corrective or punitive. It is developmental in orientation. The conventional HR function is the dispenser or implementers of justice and protector of corporate assets.

Detailed explanation-2: -Strategic human resource management (strategic HRM) provides a framework linking people management and development practices to long-term business goals and outcomes. It focuses on longer-term resourcing issues within the context of an organisation’s goals and the evolving nature of work.

Detailed explanation-3: -Strategic HR focusses on proactive rather than reactive in its relationships with the other functional areas. It is concerned about what its internal customers need in the future to compete globally. It does its homework, research on the future, and offers proactive solutions and strategic advice.

Detailed explanation-4: -Basically, strategic HRM is a process that helps companies align their HR activities with the broader business strategy and objectives. It involves identifying and prioritizing the skills, competencies, and experiences needed for success in your organization.

Detailed explanation-5: -Tactical HR is the stuff you need to run the back office as it pertains to employees, which is important. Strategic HR looks at the demographics of your business and your industry and the competitive nature of the positions you’re recruiting for currently.