Business Management and Strategy: The HR Function and Business Environment

Overview/Description
This course examines many of the elements of an organization's corporate strategy, the role of the HR function in the strategic planning process, and the key elements in corporate governance. The course focuses on the vital contributions HR professionals often make in the development and organization-wide communication of the mission, vision, values, strategic goals, and objectives. The course will also look at current business and regulatory environments, and how a working knowledge of those areas allows HR professionals to be key contributors in the development, implementation, and evaluation of the organization's strategic plan. Finally, the course will highlight several key elements in the legislative and regulatory process with special reference to US federal laws. This course is created to help HR professionals preparing for the Human Resource Certification Institute's (HRCI) PHR and SPHR certification examinations. The content in this course is based on the responsibility and knowledge statements of the PHR and SPHR Body of Knowledge of Society for Human Resource Management (SHRM).

Target Audience
Human resource professionals who are preparing for the Human Resource Certification Institute's (HRCI) Professional in Human Resources (PHR) or Senior Professional in Human Resources (SPHR) certification exam

Expected Duration (hours)
1.0

Lesson Objectives

Business Management and Strategy: The HR Function and Business Environment

describe and recognize the key elements of an organizational strategy

identify various functional areas of an organization

recognize how HR's functional strategy supports the organization's strategic plan

recognize the key elements of corporate governance

recognize how key business concepts contribute to an organization's strategic direction and preferences

identify the types of business environment factors used in a SWOT analysis

recognize examples of information from the SLEPT model that contribute to the development of an organization's strategic plan

sequence the steps in the passage of a bill in the US Congress

identify steps in the federal rule-making process