A theoritical study on corporate strategies, hrm strategies, hr instruments and issues

Strategy is a plan of action designed to achieve a long term or over all aim.Itis the art of planning and directing over all operation. Every business organization should apply strategies to achieve their goal. Corporate strategies encompasses a firms corporate action with the aim to achieve companies objectives.Strategic human resource management include typical human resource components such as hiring, disciplineand payroll and also involves working with employees in a collaborative manner to boost retention improve the quality of work. HR instruments include bench marking, empowerment, frequent innovation.