Leadership Training: Skills & Development

Management Leadership:
Creating a Strategy-Focused Workforce

This article mainly talks about how to create a strategy, focusing on workforce. Human capital is now firmly acknowledged as a strategic source of value creation, a company's most valued asset -- in today's knowledge-based economy. As natural custodians of human capital, human resource executives are expected to lead its development, but most HR organizations lack a strategic planning process for human capital, much less a consistent way to describe and measure it. In such a scenario, the Balanced Scorecard can establish a common language and focus for demonstrating human capital's impact on desired business outcomes. Managing human capital effectively will help organizations execute their strategic plans. It is clear that human capital is a strategic priority; what's not is how it will be managed. However, if these positive developments are any indication, one should expect to see more of the strategy table seats occupied by HR in the not-too-distant future.

Balanced Scorecard Collaborative

Back to Top