This document discusses the current trends and developments influencing HR strategy in Thomas Cook, including flexibility, talent and skillsets, inclusion of diversity, and determination of risk factors. It also explores the external and internal factors influencing HR strategies, such as higher demand for competitive skills and organization structure change. The document further delves into the theories and concepts relating to the growth and development of strategic HRM, including content theory and process theory. Additionally, it discusses the change management models supporting HR strategy, such as the Lewin change model. Finally, it covers HR outcomes monitoring and measuring, as well as the evaluation of effective HR management and development for supporting sustainable performance growth objectives.