Describe the alignment between the three different types of business strategies and its association with HRM...

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Operations Management

Describe the alignment between the three different types ofbusiness strategies and its association with HRM strategies andfunctions. What business strategy has Xiaomi adopted and how wouldthis strategy impact their SHRM approach? ( should apply on Xiaomiabout 600 words)

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The three types of business strategies are Cost leadership differentiation and focus strategies And all of these known as porters generic strategies These business strategies associated with HRM strategies should by these instructions understand the business strategy and current state challenges where goal and expectations are considered for the organization find how people contribute to the organizations growth and achievement measure HR strategy design and measure the better HR strategy and HRM functions associated with Business strategies by understanding the business strategy analysis of current conditions Plan implement the better HR strategy measure and evaluate results and according to need Xiaomi adopted cost leadership business strategy This impacts on SHRM strategic human resources management here cost leadership means the lowest cost of the product to take competitive advantage It helps to SHRM by building meaningful objectives of the organization evaluate HR capability and helps in estimation companys future requirements 2 HRD human resource development means training and development provided by organizations to increase the knowledge skills education and abilities of employees In Xiaomi it See Answer

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Describe the alignment between the three different types of business strategies and its association with HRM...

80.2K

Verified Solution

Question

Operations Management

Describe the alignment between the three different types ofbusiness strategies and its association with HRM strategies andfunctions. What business strategy has Xiaomi adopted and how wouldthis strategy impact their SHRM approach? ( should apply on Xiaomiabout 600 words)

Answer & Explanation Solved by verified expert

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