Key Competitive Business Strategies that relates to HR Policies

Good day,

For those who have passion to lead Human Capital as a Strategic Business Partner, below are some of the key competitive business strategies and its relations with Human Capital Policies for your reference. the summary is taken from Schuler and Jackson.

Strategy	HR Policies and employee behaviors
Cost Reduction	Structures that emphasize control and low investment in training Usually with narrow job descriptions and career paths Short-term, result oriented performance appraisals and close monitoring of market pay levels for use in making compensation decisions.
Quality enhancement	Fixed and explicit job descriptions High levels of employee participation in decision making relevant to work, short-term and results-oriented appraisal Extensive and continuous employee training and development
Innovation	Structures that encourage co-operation and creativity e.g. an emphasis on project-based team performance appraisal, which recognizes developmental and team-based activities. Considerable investment in training and career development Compensation that emphasis internal equity