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Ambani's strategy:
Consider how he went about it. Starting with trading in textiles and yarn, he
went into manufacturing (textiles), and then integrated relentlessly backward
from textiles to polyester yarn and fibre. Since yarn and fibre were
manufactured from petrochemicals (purefied terephthalic acid, et al), he
went into petrochemicals and plastics (polyethylene, polypropylene, PVC,
paraxylene, ethylene, etc). The need to make petrochemicals took him further
backwards to petroleum refining and retailing, which then took him further to
oil and gas exploration. (At one point,Dhirubhai even tried buying Larsen &
Toubro, an engineering and construction company that could oversee his frenetic
plant and project construction activities, but he didn't pursue the idea when the
financial institutions balked at this, but that is another story).
HR
strategies
articulate
the
organizations
intention about its human resource management
policies, about how they would fit in with the
business strategy, and how the policies would
reinforce one another to achieve the business
objectives.
The HR strategies articulate the beliefs and the
philosophy of the organization about people
practices, policies and procedures.
The philosophy might advocate a broad framework
of HR practices (usually when initiating a
transformational change) or depending on the
requirement of the business it may dwell on some
aspect of human resource management.
Possible Metrics
Attrition: Employee
turnover rates for
different categories
of management and
employees
Internal promotion
rate
Workforce
composition (age,
gender, race, etc.)
Percentage of
Demonstrate the extent to which pay for
employees under the performance has become a part of the work culture
variable pay scheme in the organization
HR
strategies
working
around
engaging employees to work with
passion, feel a profound connection to
their company, drive innovation and
move the organization forward can be
termed as employee engagement
strategies.
Periodically test
the HR measure
against the
business
strategy and
adjust where
required