Business Strategy & HR: Strange Bedfellows or Strategic Allies? (A qualitative Study to Unlock the Value of HR as Strategic Business Partner)

Abstract

The paper focuses on the dialectically scoped concepts linked with the ideology of HR and its impact upon business success, strategic decision-making, and how well the function is able to add tangible value through its activities and interventions. HR’s capacity to understand business needs is addressed, alongside the function’s ability to improve the bottom line. The need to measure HR’s return on investment (ROI) is discussed in line with the effective performance management enforcement. Lastly, the potential role of HR as Strategic Business Partner is discussed. The study brings out more insight into the important aspects of the process of strategic human resource management with a view to explore a relationship of alliance between dialectically aligned concepts of business strategy and HR function.

Keywords: Strategic Partner, Human Resource Transformation, Strategic Human Resource Management, Strategic Business Partner, Return on Investment (ROI), Performance Management