1. STEPS IN HR STRATEGY FRAMEWORK
External environmental scan
Internal Capital Assessment

2. External Environmental Scan
Competitor Industry Analysis-Micheal .E Porter’s, 5 force model.
Stake Holder Analysis
PEST Analysis-Political & legal,Economic,social,Technology
Environmental Situation Analysis
->Managing Diversity
->Demographic Trends

3. ->Managing Diversity
Reasons for diversity
Shift frm manufacturing to service economy
Globalisation
Changing business strategies
Mergers & acqusition
Changing labour market

4. Diversity process for managing diversity
Cultural Audit Surveys
Awareness Training
Skill building training
Diversity enlargement hiring strategies
Managing Work Team Eg :- include manufacturing &marketing personnel
Managing Virtual Team -employees are geographically dispersed, connected by technology, address specific task,project etc.

5. ->Demographic Trends
Baby boomers( ),supply is more than demand
Baby busters(1963-mid 1970)
Generation X(in late1970’s& early 1980’s)

6. Internal capital Assessment
Assessing the strength & weakness of firm’s internal assets namely:-
Financial-B/s,Cash Flow, etc
Technological HR