3.2. Strategy
What is business strategy, and how does it impact HR professionals? For business applications, strategy defines organizational goals and the methods to be used in achieving those goals—strategic planning and strategic management.
A business strategy is developed by the executive management team led by the CEO, president, or other leader of an organization. The purpose of the strategy is to clearly identify the goals to be achieved by the organization, create an implementation plan, and distribute assets and other resources needed for success. HR professionals contribute to business strategy as the subject matter experts (SMEs) for attracting, retaining, and managing a workforce qualified to implement the strategy and achieve organization ...
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