A well-defined business strategy is imperative for any organisation to ensure that it directs all its efforts (capital, equipment/machinery and human capital) towards the achievement of a stated goal/result.

The key questions are:

 

 

 

 

Do we know where we are going to and what we want to achieve?

The HR function/custodian contributes to the business strategy by providing a range of services to the business including assessing, training and developing, performance monitoring, resourcing/outsourcing, and maintaining and supporting the organisation’s human capital towards the achievement of the stated goal.

What do we need to do with regards to our human capital to achieve our business strategy?

Effectively, the HR function/custodian is responsible for the implementation, measurement and management of the HR processes needed to ensure that an organisation has the human capital to achieve its strategy.