A Strategic Human Resource Management Perspective

This report is concerned with analysing waterside Publications Limited from a strategic Human Resource management perspective, which is being taken over by the Americans. The Purpose of the report is to analyse both the management styles on the HRM perspective and make recommendations for the improvement of the people in order to function within the company, will look at the pestle analysis, stakeholder, strategy development, sustaining a competitive advantage, human and social development and organisational dimensions. Stakeholder Analysis According to Johnson and Scholes (1997) states that â€Å" stakeholders are those individuals or groups who depend on the organisation to fulfil their own goals and on whom, in turn, the organisation†¦show more content†¦Powers of the shareholder In Alan and Kim era, as the shareholders they greatly influence the way Waterside Publications Limited is operated. They are decide who will be the company management and who will be in the board of directors. They have the voting rights on all the decisions concerning the company, this means that the important decisions affecting the company such as mergers, cannot be made without their consent. As shareholders their decisions is final, but they also listened to their employees and take into account their decisions too. On the other hand the Americans their management was different , they made all the decisions . Notably, anyone cannot change what has been jointly agreed upon the top management. Alan and Kim also have the power to make by-laws of the company. By-laws refer to a set of rules and rules that administrate the operation of the company, but they operated in a more relaxed atmosphere, while the Americans exercised power from the top management through formal systems and procedures that all the employees of the company abide by these by-laws. The company holds meetings all the time with Alan and Kim to discuss and review the performance of the company. In this meeting, they review the company’s accounts for transparency and productivity check. On the other hand the Americans did hold formalShow MoreRelatedImplementation Of A Strategic Management System835 Words   |  4 Pagesbalanced scorecard’s learning and growth perspective information requirements. The balanced scorecard includes financial and nonfinancial measures from which performance is compared to as part of a strategic management system. The REA framework focuses on economic activity (ver y close to the traditional accounting view) whereas the balanced scorecard goes beyond economic information to include external information not directly tied to economic events and strategic initiatives. 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