Pasmore suggested that for a business to have the right leaders, it must first of all identify its key drivers. I will give an example with an organization I have worked for. WanEll Enterprise is a Service Delivery organization and to identify the kind of leaders that should be at the helm of affairs of the business, the key business drivers of success were identified as; Sales & Marketing, Customer Experience/Service, Customer Retention and Talent Management & Retention. These key drivers determined the areas where the best leaders were to be developed and what number of leaders, skill set, competencies, collective capabilities they must possess with an understandi... ... middle of paper ... ...ne what will work for them firstly by identifying the mission and vision, then the results the business intends to achieve. Pasmore’s Model will go a long way in helping businesses achieve success through strategic leadership but more attention should now be put on retaining future leaders.
Organizational Knowledge Management Theory and Application Management theories help managers succeed in advancing the company goals. Knowledge management is one of the theories. Knowledge management is the management of corporate knowledge and intellectual assets; furthermore, knowledge management adds value to an organization by enabling an enterprise to act more intelligently (Gupta et al., 2002). Koenig, (2012), defines knowledge management theory as a “discipline that promotes an integrated approach to identifying, capturing, evaluating, retrieving, and sharing all of an enterprise's information assets”. He goes on to say, “these assets may include databases, documents, policies, procedures, and previously un-captured expertise and experience in individual workers" (Koenig, 2012, para 4).
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It is the duty of the human resource department of the organisation to identify the business sectors that require human resource expertise. SHRM, therefore, help organisations to achieve their long-term and short-term objectives. It contributes by reinforcing and overseeing the successful implementation of the organisation’s business strategies. Due to the increasingly competitive nature of the globalized business environment, organisations need to integrate their human resource functions with their business strategies to acquire a sustainable competitive advantage in the market. Strategic human resource management helps in the realization of organisational goals through its application of performance measurement approaches to assess the contribution of each employee to the organisation.
It is a construct that helps project managers and organizations initiate, plan and execute projects with the aim of getting business result and longer term sustainability. Furthermore, project strategy can be defined as the project perspective, position, and guidelines for what to do and how to do it, to achieve the highest competitive advantage and the best value from the project. - The perspective (“Why”): This defines the reason and the motivation for the project it includes business background, business objective and strategic concept. - The position (“What”): This defines the end product of the project it includes product definition, competitive advantage/value and success... ... middle of paper ... ... there are still implications and questions that need to be addressed in the future. The movement from the traditional approach to the strategic approach requires a shift in mind-set of project teams and stakeholders.