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Companies, Inc. All rights reserved. McGrawHill/Irwin Directional Strategies External Growth Strategy Concentration Strategy Internal Growth Strategy Downsizing Acquisitions Mergers 169。 2021 The McGrawHill Companies, Inc. All rights reserved. McGrawHill/Irwin The Role of HR in Providing a Competitive Advantage ?Emergent Strategies Those that evolve from the grass roots of the anization. ?What actually is done versus what is planned. ?HR plays an important role in facilitating the munication of emergent strategies between levels in the hierarchy. ?Enhancing Firm Competitiveness ?By developing a rich pool of talent, HR can assure the pany39。s ability to adapt to a dynamic environment. 169。 2021 The McGrawHill Companies, Inc. All rights reserved. McGrawHill/Irwin Strategic Human Resource Executives ?Four basic petencies: ?Business Competencies Understanding the pany39。s economic and financial capabilities. ?Professional/Technical Knowledge In HR practices such as selection techniques and pensation systems. ?Change Processes or Organizational Development Techniques The ability to diagnose the need for change and develop and implement the appropriate intervention. ?Integration Competencies A generalist perspective with the skills of a specialist in the above three areas. 169。 2021 The McGrawHill Companies, Inc. All rights reserved. McGrawHill/Irwin Human Resource Competencies HR Professional Integration Competence Professional and Technical Knowledge Ability to Manage Change Business Competence 169。 2021 The McGrawHill Companies, Inc. All rights reserved. McGrawHill/Irwin Reading Asignment ?Page 6366 HRM Practices ?Page 7477 The role of Human Resources in Providing Strtegic Adnantage