This report provides a comprehensive overview of Human Resource Management (HRM) and strategic management principles. It defines HRM, encompassing staffing, retention, performance management, and change management, and explores global HRM, emphasizing the balance between local appeal and global identity. The report delves into strategic management, including strategy definition, features, and the strategic management process, covering environmental scanning, strategy formulation, implementation, and evaluation. Key concepts such as strategic decisions, the BCG matrix, SWOT analysis, Porter's Five Forces, and performance appraisal are also explained, offering insights into business policies and strategic leadership. The report aims to provide a holistic understanding of these interconnected areas, crucial for organizational success.
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