Specialization Crystal Friend Human Resource HR

 Human Resource (HR) Specialization-Crystal Friend

 

Strategic Management Tools 

Discipline: 

Concept/Tool/Framework 

Description 

Used in Discipline (Yes or No)? 

How Used 

Should be adopted or dropped? Why? 

Vision, mission, values, and objectives 

Statements describing what the organization values, and its plan for the future 

Yes

These communicate to stakeholders, the organization’s purpose, strategies, and measures of gauging organizational success.

Yes

This tool ensures that HR professionals hire individuals whose competencies, knowledge, skills, and attitudes align with the organization’s mission and values, and can contribute towards the realization of organizational goals. It also helps HR professionals foster a culture that embraces the aspirations and core values of the organization.

Resource based view and VRIO test 

An examination of the available internal resources and how these contribute towards building competitive advantage. 

 Yes

Used to assess existing physical, organizational, and human resources to identify resource gaps that need to be filled to ensure long-term organizational success.

Yes

This tool helps HR professionals identify skill and knowledge gaps in the workforce, which inform training needs to ensure the organization realizes its objectives.

SWOT analysis 

Analysis of an organization’s internal strengths and weaknesses, as well as external opportunities and threats. 

 Yes

SWOT analysis helps HR professionals understand weaknesses/strengths in relation to internal HR processes, workforce capabilities, and people skills, as well as external threats/opportunities around HR technologies, regulatory changes, and labor market conditions. This helps them make informed decisions around compliance, employee retention, training, and recruitment.

Yes

SWOT analysis helps the HR team develop HR strategies that align with the organization’s business plan, ensuring better human resource management.

Value Chain Analysis 

Assessment of the primary and secondary activities used in creating goods and services to determine how each activity generates value.

 Yes

Value chain analysis helps HR professionals understand the value of their hiring processes, whistleblower policies, remuneration, staff motivation, etc.

Yes

HR professionals use the findings of value chain analysis to gauge the value of their internal HR practices and identify opportunities for improvement.

PESTEL Framework 

Study of external factors (political, economic, sociological, technological, environmental, and legal) that may affect business operations.

Yes 

Defines the macro factors that may affect an organization. Economic factors determine hiring capacity and informs downsizing decisions. sociological factors affect the organizational culture and diversity issues. Technological factors affect decisions around HR technology adoption, and legal factors affect human resource policies (hiring, firing) to ensure compliance.

 Yes-PESTEL analysis helps HR professionals understand the risks that the external environment poses in the management of human resources and ways of mitigating them.

Porter’s Five Forces Model 

Study of a firm’s competitive advantage based on the five forces (suppliers, new entrants, substitutes, rivals, and buyers)

No 

.

Strategic Group Map 

An analysis of a firm’s competitive position relative to industry rivals

 Yes

 Describes the organization’s competitive landscape and the factors that give it an edge over rivals. HR professionals could use this information to assess the quality of their human resources as a source of competitive advantage relative to industry rivals.

 Yes. This tool provides a means for HR professionals to gauge the quality of their human resources at the industry level and identify skill gaps that could be addressed through talent acquisition, training, and capacity-building to make the workforce a source of competitive advantage.

Strategic position 

Basis on which the organization differentiates itself from the competition to create value for customers.

No

Summary:

Vision, mission, core values, and objectives

These tools dictate talent acquisition processes and help HR professionals foster a culture that embraces the aspirations and core values of the organization.

Resource based view and VRIO test