This assignment focuses on the functional aspects of strategic human resource management and the policies that organizations can adopt to suit different situations. It discusses the importance of strategic HRM in improving overall business performance and provides case study analysis of Alpha, a private limited company. The assignment also highlights the functions of HRM, such as reward strategy, managing employee relationships, and promoting equality and diversity in the workplace. Additionally, it explores strategic HR policies for dealing with declining markets, becoming an innovative organization, and entering international markets.