how training supports an organization s strategy n.
Download
Skip this Video
Loading SlideShow in 5 Seconds..
How Training Supports an Organization’s Strategy PowerPoint Presentation
Download Presentation
How Training Supports an Organization’s Strategy

Loading in 2 Seconds...

play fullscreen
1 / 13

How Training Supports an Organization’s Strategy - PowerPoint PPT Presentation


  • 102 Views
  • Uploaded on

How Training Supports an Organization’s Strategy. What is a Business Strategy?. A plan that integrates the company’s goals, policies, and actions. The strategy influences how the company uses: physical capital (plants, technology, and equipment) financial capital (assets and cash reserves)

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'How Training Supports an Organization’s Strategy' - wayne-mcdowell


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
what is a business strategy
What is a Business Strategy?
  • A plan that integrates the company’s goals, policies, and actions.
  • The strategy influences how the company uses:
    • physical capital (plants, technology, and equipment)
    • financial capital (assets and cash reserves)
    • human capital (employees)
  • The business strategy helps direct the company’s activities to reach specific goals.
flow of strategy development
Flow of Strategy Development

Organization’s External Environment

Legal Environment

Labor

Market

COMPETITIVE

STRATEGY

Employee KSAs

Labor Relations

Corporate Culture

Core Technology

Organization Structure

HUMAN RESOURCE STRATEGY

HRD Strategy

Economic

Conditions

Competition

Organization’s Internal Environment

review strategy formulation
Review...Strategy Formulation
  • Mission
  • Goals
  • External analysis
  • Internal analysis
  • Strategic choice
s w o t analysis
S W O T Analysis
  • Internal Strengths
  • Internal Weaknesses
  • External Opportunities
  • External Threats
strategic choices 1
Strategic Choices - 1
  • Competitive Strategy
    • Market leader
      • Prospector, innovator
    • Cost leader
      • Defender
strategic choices 2
Strategic Choices - 2
  • Business Strategies
    • Concentration
      • Increase market share, reduce costs, create/maintain market niche
    • Internal growth
      • New market/product development, innovation, joint ventures
strategic choices 3
Strategic Choices - 3
  • Business Strategies
    • External growth
      • Acquire vendors/suppliers, buy businesses, expand into new markets
    • Disinvestment
      • Liquidation, divesture
structure follows strategy
Structure Follows Strategy
  • Organizational design
    • Mechanistic vs. organic
  • Decision authority
    • Centralized vs. decentralized
  • Division of labor
    • Line vs. staff, product vs. geography, function vs. core technology
strategy impacts training by influencing
Strategy impacts training by influencing:
  • Focus: current or future
  • Need: employee vs. team, unit, or division.
  • Availability: restricted vs. open
  • Trigger: systematic plan, occurrence of problem, spontaneous
  • Relative importance