HR Strategy Map

User Generated

znyntn143

Business Finance

Description

  1. Read Chapter 5, “End-to-End Human Capital Value Reports,” in the textbook, The ROI of Human Capital.
  2. View the video found at the Intrafocus Balanced Scorecard Website: http://www.intrafocus.com/balancedscorecard/
  3. Download the Strategy Map Templates found at the Website: http://www.slideshare.net/Intrafocus/intrafocus-st...
  4. Download and read the article Strategy Maps: Money Ball.
  5. Download and read the article “Designing and Implementing an HR Scorecard” via http://tinyurl.com/kguhyqm.
  6. Download and read the article “Using a Human Capital Scorecard as a Framework” via http://tinyurl.com/mwjhwrf.
  7. Write an 800- to 1000-word paper guided by the following requirements:
  8. Introduction: Write a brief introduction to the paper.
  9. Strategy Map Summary: Define “strategy map” and based on the Kaplan and Norton (2004a) article you are required to read for this assignment, summarize the precepts of a strategy map.
  10. HR Scorecard Summary: Define “HR scorecard” and based on the Walker & MacDonald (2001) article you are required to read for this assignment, “Designing and Implementing an HR Scorecard,” summarize the precepts of an HR scorecard.
  11. Three Questions Answered: Following the initial model used to align HR strategy and actions to the business strategy as outlined by Walker and MacDonald (2001), answer the following first three of the four questions with one paragraph for each:
    1. Understand the Business: What are the strategic goals of the organization?
    2. Determining HR Deliverables: What must HR deliver to enable the business to achieve its goals?
    3. HR Strategic Focus: Which strategies and actions will enable HR to deliver business requirements?
  12. Appendix – WS3 Strategy Map Assignment: Complete a Strategy Map with Outcomes based on your responses to 7.d.i., 7.d.ii., and 7.d.iii using Strategy Map Balanced Scorecard Action Plan.xlsx.
    1. Strategy Map: Insert the HR mission and vision statements at the top of the strategic map. Using Figure 5, GTE linkage model in the Walker and MacDonald (2011) article as your guide (top of page 372; do not attempt to complete Table II at the bottom of this page), illustrate the cause-and-effect linkage between your HR strategy and the business objectives through completing the strategic map.
    2. Keep the strategy map to one page.
  13. Strategy Map Experience Appraisal: Appraise your personal experience of completing the strategic map with outcomes. Consider both the process of completing it and its potential for use in the organization.
  14. Conclusion: Provide a brief conclusion.

Read Chapter 5, “End-to-End Human Capital Value Reports,” in the textbook, The ROI of Human Capital. View the video found at the Intrafocus Balanced Scorecard Website: http://www.intrafocus.com/balancedscorecard/ Download the Strategy Map Templates found at the Website: http://www.slideshare.net/Intrafocus/intrafocus-st... Download and read the article Strategy Maps: Money Ball. Download and read the article “Designing and Implementing an HR Scorecard” via http://tinyurl.com/kguhyqm. Download and read the article “Using a Human Capital Scorecard as a Framework” via http://tinyurl.com/mwjhwrf. Write an 800- to 1000-word paper guided by the following requirements:

  1. Introduction: Write a brief introduction to the paper.
  2. Strategy Map Summary: Define “strategy map” and based on the Kaplan and Norton (2004a) article you are required to read for this assignment, summarize the precepts of a strategy map.
  3. HR Scorecard Summary: Define “HR scorecard” and based on the Walker & MacDonald (2001) article you are required to read for this assignment, “Designing and Implementing an HR Scorecard,” summarize the precepts of an HR scorecard.
  4. Three Questions Answered: Following the initial model used to align HR strategy and actions to the business strategy as outlined by Walker and MacDonald (2001), answer the following first three of the four questions with one paragraph for each:
    1. Understand the Business: What are the strategic goals of the organization?
    2. Determining HR Deliverables: What must HR deliver to enable the business to achieve its goals?
    3. HR Strategic Focus: Which strategies and actions will enable HR to deliver business requirements?
  5. Appendix – WS3 Strategy Map Assignment: Complete a Strategy Map with Outcomes based on your responses to 7.d.i., 7.d.ii., and 7.d.iii using Strategy Map Balanced Scorecard Action Plan.xlsx.
    1. Strategy Map: Insert the HR mission and vision statements at the top of the strategic map. Using Figure 5, GTE linkage model in the Walker and MacDonald (2011) article as your guide (top of page 372; do not attempt to complete Table II at the bottom of this page), illustrate the cause-and-effect linkage between your HR strategy and the business objectives through completing the strategic map.
    2. Keep the strategy map to one page.
  6. Strategy Map Experience Appraisal: Appraise your personal experience of completing the strategic map with outcomes. Consider both the process of completing it and its potential for use in the organization.
  7. Conclusion: Provide a brief conclusion.

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Explanation & Answer

Attached.

Running head: STRATEGY MAP

1

Strategy Map
Name
Institution

STRATEGY MAP

2
Strategy Map

Strategic maps are important as they lead to improvement in the refocus of the strategies
of the human resource and making sure that there is an improvement in the design and
performance of the organization. The strategies are meant to increase the performance of the
organization and the managing of the different teams as it is through this that there is the
encouragement to continue working in the various organizations. The value created by the
strategic map is pegged on the objectives of the balanced scorecard, and it is through this that
there is the improvement in the value of the organization as the employees are aware of the
required measures that they should achieve. It is through the forces of the strategic maps and the
determination of the human resources that there is the addition of value to the functioning of the
organization.
Precepts of Strategic Maps
The strategic maps are not complicated, and it is through this that there is the
identification of their usage in the organizations. The focus is on simplicity and the development
of relationships as there is the improvement of communication in the organization. With the
strategic maps, there is the creation of value and this is based on the four elements of the
...


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