Author Question: What is strategic planning? What role can HR professionals play in strategic planning? What will ... (Read 145 times)

mydiamond · **on:** Jul 7, 2018

What is strategic planning? What role can HR professionals play in strategic planning?

What will be an ideal response?

Question 2

Although shareholders invest money in a firm, they have very little influence on management.

Indicate whether this statement is true or false.

Andromeda18 · **Reply #1 on:** Jul 7, 2018

Answer to Question 1

Answer: Strategic planning is an ongoing process that is constantly changing in order to find a competitive advantage. Strategic planning attempts to position the organization in terms of the external environment. Companies always need to look for ways to stay competitive, gain market share, and be the first to innovate a new product or service.

Today, HR professions are increasingly taking on the role of being a strategic partner with upper management. In this role, HR professionals are able to focus on matters that are truly important to the company as a whole. They can help the CEO and CFO understand the role human capital plays in the organization and the way it combines with business processes to expand or shrink shareholder value. HR professionals are integrating the goals of HR with the goals of the organization and focusing on expanding its strategic and high-level corporate participation with an emphasis on adding value.

Answer to Question 2

Answer: FALSE