The Development of a Strategic Mindset

Paper Summary:

This paper discusses the importance of having a strategic plan for a business and how the human resource department must be involved in creating that plan. The paper relates that the strategic plan is one of the most important documents the human resource department will ever create and then goes on to discuss the process involved in creating a plan and knowing what should be in it.

From the Paper:

"Too often, however, company HR departments make excuses for themselves and for others, and they find reasons not to create a plan. Companies that do this are doing no favors for their employees or for the communities that they live and work in (Bechtell, 1995). They do not realize the importance of strategic planning, and because of this, they also do not see how much benefit it can be to the surrounding community. There are definite differences between those that have a strategic plan and those that do not. It is one of the most important documents an HR department will ever create, and those that realize its significance early on in their careers will be much better off than those that work for years before they see the advantages of planning."

Sample of Sources Used:

• Bartlett, C. A., & Ghoshal, S. 1995. Changing the Role of Top Management. Harvard Business Review: 132.
• Bechtell, M. 1995. The management compass: Steering the corporation using Hoshin planning. New York, American Management Association.
• Campbell, A., Goold, M., & Alexander, M. 1995. Corporate strategy: The quest for parenting advantage. Harvard Business Review, pp. 120-132.
• D'Aveni, R. 1994. Hyper-competition: Managing the dynamics of strategic maneuvering. London, Free Press.
• Davis, B. 1999. Top Of The Week: Performance Management -- Powered Planning -- New Applications Make Management Philosophy And Strategy Information Accessible Companywide. InformationWeek: 18.

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