ENTREPRENEURIAL OPERATIONS
HUMAN RESOURCE MANAGEMENT
Question
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Business Strategy, Human Resource Practices, Organisational Capabilities
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Marketing Strategy, Human Resource Practices, Organisational Capabilities
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Business Strategy, Human Resource Practices, Organisational structure
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Marketing Strategy, Human Resource Practices, Organisational structure
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Detailed explanation-1: -Explanation: The three important components in aligning business strategy with HR practice include Business Strategy, Human Resource Practices, Organisational Capabilities. HR policies, procedures and practices establish a framework to help to manage people.
Detailed explanation-2: -Aligning HR with business strategy can boost employee satisfaction and performance, ensure teams are aligned to help the business achieve its strategic objectives, and increase their influence and decision-making power across the organization.
Detailed explanation-3: -Understand the Business Strategy. Assess Current Conditions. Plan and Implement the HR Strategy. Measure and Evaluate Results, and Adjust as Needed.
Detailed explanation-4: -Understand the main strategic goals. All strategies should be aligned towards the same outcomes. Map out a skills matrix. How does your current team contribute to the company strategy? Formalize your talent strategy. Measure HR outcomes. Stay in touch with the strategists. 02-Mar-2022