Strategic planning encompasses three layers : long-term, mid-term, and short-term , each with its distinct focus. Moreover, various types of strategies, including corporate, business, and functional strategies , contribute to organizational success. HR, as a functional strategy, devises a game plan to align and empower both the business and its people to achieve their objectives .
Corporate strategy Corporate strategy is defined by those at the very top of the organization with strategic work group and is an outline of the overall direction and course of the business.
Long Term
Direction statement Mission and Vision
Choice & Position Strategic goals/Roadmap
Business strategy
Mid Term
Business strategy generally emerges and evolves from the overarching corporate strategy. They are usually far more specific than corporate strategy and will likely be unique to different departments or subdivisions within the broader organization
Priorities Objectives, Critical success factors & Metrics
Short Term
Functional strategy
Functional strategy define how different departments and functions will work together to achieve higher goals. Each sub-strategy need to be synchronized in order to achieve the goals set out by the corporate and business strategies
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