Podcast
Questions and Answers
What is the first step in the integrated strategic planning process?
What is the first step in the integrated strategic planning process?
Which period corresponds to strategic plans that establish the company’s vision and major long-range objectives?
Which period corresponds to strategic plans that establish the company’s vision and major long-range objectives?
During which step does the HR manager provide inputs regarding capabilities and constraints?
During which step does the HR manager provide inputs regarding capabilities and constraints?
What type of planning covers a time span of about one year and involves detailed plans for various controls?
What type of planning covers a time span of about one year and involves detailed plans for various controls?
Signup and view all the answers
Which step involves the integration of HR with other functional plans?
Which step involves the integration of HR with other functional plans?
Signup and view all the answers
Flashcards
Step I: Defining the Organization's Purpose
Step I: Defining the Organization's Purpose
The first step in integrated strategic planning, where the organization defines its overall purpose, mission, goals, and objectives.
Step II: HR's Input in Strategic Planning
Step II: HR's Input in Strategic Planning
HR managers provide insights on HR capabilities, limitations, and external factors that impact the organization's strategy.
Step III: Communication of Needs and Constraints
Step III: Communication of Needs and Constraints
Corporate strategists communicate their needs and constraints to HR, ensuring alignment between strategic plans and HR functions.
Step IV: Integrating HR and Functional Plans
Step IV: Integrating HR and Functional Plans
Signup and view all the flashcards
Long Period Strategic Plans (5+ years)
Long Period Strategic Plans (5+ years)
Signup and view all the flashcards
Study Notes
Integrated Strategic Planning and HR
- Integrated strategic planning has four steps that link the strategic plan and HR plan.
- Step 1: Define the organization's overall purpose, mission, goals, and objectives.
- Step 2: HR managers provide insights into key HR areas, capabilities, and environmental constraints to corporate strategists.
- Step 3: Corporate strategists communicate their needs and constraints to HR managers.
- Step 4: Integrate HR plans with other functional plans.
Corporate Strategic Planning Time Spans
- Corporate strategic planning involves four time spans.
- Long-term (5+ years): Establishes the company's vision, mission, and long-range objectives.
- Intermediate-term (3 years): More specific plans supporting the strategic plan.
- Operational (1 year): Monthly plans for profit, HR, budget, and cost control.
- Short-term (day-to-day/week-by-week): Daily and weekly activity plans (may not be documented).
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Description
This quiz covers the essential steps of integrated strategic planning and how HR aligns with corporate objectives. Learn about the different time spans of corporate strategic planning and their significance in organizational success. Test your understanding of how planning at various levels impacts overall business strategy.