Page 242 - DCOM506_DMGT502_STRATEGIC_MANAGEMENT

Strategic Management Anand Thakur, Lovely Professional University

Notes Unit 13: Functional and Operational Implementation

CONTENTS
Objectives

Introduction
13.1 Functional Strategies

13.1.1 Nature of Functional Strategies
13.1.2 Need for Functional Strategies

13.2 Functional Plans and Policies
13.3 Operational Plans and Policies

13.3.1 Importance of Operational Strategy
13.3.2 Components of Operational Plan and Policies

13.4 Personnel (HR) Plans and Strategies
13.4.1 HR Planning

13.4.2 Staffing
13.4.3 Training and Development

13.4.4 Performance Management
13.4.5 Compensation and Rewards

13.4.6 Industrial Relations
13.5 Summary

13.6 Keywords
13.7 Self Assessment

13.8 Review Questions
13.9 Further Readings

Objectives

After studying this unit, you will be able to:

Describe functional strategies
Explain the functional plans and policies
State the operational plans and policies

Discuss personnel plans and policies

236 LOVELY PROFESSIONAL UNIVERSITY