100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
SHORT Summary Strategic Human Resource Management 2e - Strategic Human Resource Management (MAN-BCU008A) $7.76   Add to cart

Summary

SHORT Summary Strategic Human Resource Management 2e - Strategic Human Resource Management (MAN-BCU008A)

 22 views  0 purchase
  • Course
  • Institution
  • Book

Shortest summary I was able to make of the total material. With this short stomp summary, I achieved a 7.5. NOTE: to understand the material, this summary is too short, it is really for learning.

Preview 3 out of 24  pages

  • Yes
  • August 30, 2024
  • 24
  • 2023/2024
  • Summary
avatar-seller
Week 1 chapter 1: Introduction: SHRM in the 21 st century
1990s The new economy = shift from manufacturing into a service sector
Organizational change = Global crisis, reorganizations
Competitive advantage = stronger position to others, financial and non-financial
HRM = management decisions that shape the relationship aimed at individual,
organizational and societal goals
SHRM = multiple stakeholder strategy business in line with employee
Psychological contract = unwritten expectations relationship between employee
and organization
Sociological contract = social aspect in relations bond with colleagues
Core employees = work permanently under contract
Peripheral employees / contingent = often work temporarily (cleaning team)
Balanced approach = economic and institutional interest blend to sustained
competitive advantage

 Characterizations of SHRM in the 21st century (employee most valuable
assets in organization)
o Bigger impact of organizational change
o Competitiveness
o Three perspectives (MHRM (recruitment), IHRM (same strategy
global) & SHRM (internal and external context for sustainable
competitive advantage)
o Balanced approach
 Possible benefits HRM
o Higher productivity & profits
o Expansion of sales & quality
 Characteristics in SHRM: multi-actor, a broad societal view, multi-level
 Paauwe: HR is more than resources, not financial performance, focus
relation employee and organization, tension with soft added value (human)
and hard moral values (resources)
 Boxall & Purcell: HRM covers all workforce groups (traditional HRM didn’t)
 Angelo-Saxon; approach Usa (hard) Rhineland: Europa (soft)
 SBM organizational success can only be achieved when financial
performance AND societal performance of an organization are above
average
o individual, organizational and societal goal needs to be in line
 Bolman 4 perspective organization study: Structural (SHRM), HR (SHRM),
Political, Symbolic


Week 1 chapter 2; SHRM and context & Guest lecture Leeuwendaal
Strategy = organization intention to achieve certain goals through plannend
allignement (fit) between organization and it environment (context).
Business strategy = the system of organization important choices
 The best fit: context-dependent (internal and external) - Six component
model
 The best practice: universalistic perspective - Pfeffer’s 7 best practices
o Selective recruitment
o Extensive training

, o Performance-related pay
o Teamworking
o Information sharing and communication
o Reduction of status differences
o Employment security
 Goals in strategy can be narrow (sales,profits) or broad (organization,
societal, individual)




 Strategy scan – better fit in environment (context) = better performance
 Environment -> the strategy (purpose, mission, vision) -> HRM
 Business strategy concist of Competitive-,financial, operation, HR strategy
 Fits SHRM:
o Strategic/vertical fit = alignment of business- and HR strategy
(administrative linkage, one-way linkage, two-way linkage,
integrative linkage (seat on table)
o Internal/horizontal fit = alignment individual HR practices (HR
system are practice combined for best results) (deadly combination)
o Organizational fit = HR fit with other systems
o Environmental/institutional fit = HR fit with Market & Institutional
(coercive, normative, mimetic)
 Stategic choice perspective: Hyper determinism (no leeway) & hyper
voluntarism (internal choice)
 A talent is a natural pattern By investing in it, it becomes a strength.
 Leeuwendaal focus: Strengts, engagement, performance
 Talent clue: Desire, Learning quick, Flow, Excellence, Satisfaction
 (Strategy = 5 years from now (long term) Tactical = 1 year from now (short
term)

, Week 2 chapter 3: HRM and performance: adding value through people
Sustained competive advantage = long term organizational success by unique
resources and qualities
Ultimate business goals (UBG) = organizational targets aimed at creating validity
with adequate returns (1) and sustained competive advantage (2)
Employability paradox = invest in employers, commitment will increase and
turnover rate will decrease


 Outside in to the inside-out approach
o Reverse approach HR value chain: UBG -> Critical success factors -
> employee attitudes and behaviours -> Hr practices
 Internal resources can be financial, physical, organizational and HR
 Substained competive advantage by internal resources that are:
o valuable
o Rare
o Inimitable
o Non-substitutable
 Difficult to imitate because
o Path dependency
o Causal ambiguity
o Social complexity
 Boxall -> competitive
advantage = UBG +
Organizational performance
(critical HR and non-critical
Is a resource...
HR Goals) Disavantage: focus on
profit

 Critical HR Goals desired types
o Labor productivity (cost-
effectiveness)
o Organizational flexibility
(numerical, functional, mental)
o Social legitimacy and
employment citizenship
(legitimacy of organization)
 Critical Goals to HR outcomes
o Distal & Proximal outcomes
(directly affected by HR)
 Hr practices are not direct related to
firm performance
 Hr Practices: Intended (HR-professional), Actual (line managers), Perceived
(employee) (influence outcome).
 People are the organisation. Work ability <-> employability = + more
career success
 Working with people and pay attention. HRM is outdated -> people are not
resources

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller evelinevanloon. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $7.76. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

60904 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$7.76
  • (0)
  Add to cart