Training - Business Strategy & HRD
COURSE OVERVIEW
Training – Business Strategy & HRD, is a course specially designed to align Training with the organizations’ HR Strategy and Business Strategy. History proves that organizations which have learnt to use Training & Development (T&D) programs to support their business strategy have established a competitive advantage and increased profitability and ROI. T&D affects an organizations’ business strategy by promoting the specific skills required to expand new business areas across all possible verticals or to gain a competitive advantage over the business rivals. The Course aims to highlight this interlink of Training, Business Strategy and HRD.COURSE OBJECTIVES
- Understand the interlink between Business Strategy, Training and HRD.
- To learn how to think strategically and to gain competitive advantage for the organization through HRD and Training interventions aligned to Business Strategy.
- Assess the impact of Training and HR interventions by implementing HR and Training Scorecards and other Analytics
LEARNING OUTCOMES
- Internalize the mindset of HR as a Business Partner
- Practical application of HR Strategy, Training Strategy aligned to business needs
- Role of Training in OD and Change Management
- Assessing impact of Training Strategy
COURSE CONTENT
Module 1: Role of HR in Business Strategy
- Introduction to the subject
- Role of HR and Training in Business Strategy
- What CEOs and Line Managers expect from HR and Training
- Role of HR in meeting expectations Changing Role of HR
- HR as a Business Partner
Module 2: Introduction to Business Strategy
- What is Business Strategy?
- Market driven and Resource Driven Strategy
- Process of Strategy Development
- Analysis of Environment, Industry Structure and Organizational Capabilities
- Implementing and Evaluating Strategy
Module 3: Analysis of External and Internal Environment
External Environment
- Understanding the Economic Environment of Business
- Environment Scanning
- Competitive Analysis
- Porters 5 Forces Model
- McKinsey 7S Framework
- PEST(LE) Analysis
Internal Environment
- Understanding Organization Capabilities
- Situation Analysis
- BCG Matrix
- SWOT Analysis
- Value Chain Analysis
- GAP Analysis
- Malcolm Baldridge Business Excellence Model
- Balanced Scorecard
Module 4: How HR Partners with Business Strategy
- Gaining competitive advantage through strategic options
- Cost Leadership
- Blue Ocean
- Product/Service Differentiation
- Innovation leadership
- Technology Leadership
- Customer Experience
- Digitization
- HR Partnership in different strategic options
- Role of Training in implementing business strategy
Module 5: Building Training and OD Strategy
- Introduction to Organization Development, Change
- Management and Culture Building
- Current Trends in Organization Development and role of Training
- Designing and implementing OD interventions
- Role of Training in driving organization change
- Why HR and OD Strategy Fails?
- Developing Training Strategy
- Steps in developing Training Strategy
- Developing and implementing a training calendar linked to Training Strategy
Module 6: Training and HR Scorecards – Measuring and Assessing Impact of Training
- What is a Business Scorecard
- Balanced Scorecard
- HR Scorecard
- Other Key Business Analytics Linked to HR
- Translating business strategy objectives into action plans
- Strategy Maps
- Developing HR Strategy aligned to Business Strategy
- HR Strategic Options
- Training Scorecard
- Assessing impact of training strategy
- Role of metrics and analytics in implementing and monitoring Training Strategy
Module 7: Revision Class
Course recap and closure
REFERENCE BOOKS:
- “HR Scorecard” by Dave Ulrich
- “HR Value Proposition” by Dave Ulrich
