INDIAN YOUTH -YOUTH KI AAWAZ

Strategic Management Process Strategic management analyzes the major steps taken by the firms or organization top management keeping the owner in confidence, involving resources and performance in external environments. It specifies the organization’s mission, vision, objectives; developing policies and plan. It also contains the steps needed to achieve the objective through proper planning. Five major steps for company to follow while developing strategy (Burgelman et al, 2001) ·          Assessing the competitors and market condition ·          Goal setting and strategy making according to company’s current position ·          Reassessing the goals regularly (Quarterly) to show the progress of implementation ·          Searching for the alternatives or change in the strategy ·          Evaluating and controlling the business process. Importance of strategic management process For company to operate under variable market conditions, it is necessary that it has p

Introduction Market environment is marketing term includes the factors consisting of firms ability to build the successful relationship with the customer. Generally, there are two type of environment first is internal environment and other is external environment. Internal environment consist of all those factors, which influences the business, and present within the business itself. These factors are under the control of business. External environment are the factor such as political, economical, social and technological factor that affect the business. These factors are not under the control of the business. Crucial elements involved with performing an internal scan. Internal business environment consist of' (i) Objectives of Business - The main objective of business for which business is establish or running in the field. Objective decide the strategy of the company in the long run. (ii) Policies of Business - Rules and regulation on which business is based.

Creating an effective global workforce means knowing when to use “expats” when to use hires “locals” and to create a different new class of employees-the glopats. The strategy requires global H.R. leadership with standard systems along with local adaptation. The main underlying ideas are to fulfill the company's global human resources requirement through the feeder mechanisms at regional, national and local levels, and to leverage your current assets fully by actively engaging people in developing their own careers (Hedlund, G., & Rolander, D. (1990). Leadership roles important in this scenario include participative leadership styles in which leader encourages the participation from the peer and employees. Steps of HR can be presented in below ten steps Break all the "local national" glass ceilings by ending favoritism based on the nationality and relation of the employees Tracing the lifeline of the company strategy Building the company database and proper al