Yes indeed! In my professional opinion, strategic decision making, when it comes to company profit and how good or bad the bottom line is go hand in hand. Having a military background I can appreciate the Wikipedia definition for strategy:
Strategy, a word of military origin, refers to a plan of action designed to achieve a particular goal. In military usage strategy is distinct from tactics, which are concerned with the conduct of an engagement, while strategy is concerned with how different engagements are linked. How a battle is fought is a matter of tactics: the terms and conditions that it is fought on and whether it should be fought at all is a matter of strategy, which is part of the four levels of warfare: political goals or grand strategy, strategy, operations, and tactics. Building on the work of many thinkers on the subject, one can define strategy as "a comprehensive way to try to pursue political ends, including the threat or actual use of force, in a dialectic of wills – there have to be at least two sides to a conflict. These sides interact, and thus a Strategy will rarely be successful if it shows no adaptability." Strategy has been extended beyond its traditional fields, military and grand strategy, to business, economics, game theory and other fields. Reference Wikipedia.
So looking back at the definition above, I would consider words like: plan, goal, achievement, action, engagement, adaptability, and success. Strategic success, from an business & HR perspective, if the majority of your overall operating expenses is payroll and benefits (which is typically more than half), would be more than advantageous to maintain a strategic staffing plan at the very minimum. However, don’t take my word for it! In a few short weeks you will be able to hear from Bill Conaty, Former Sr. VP of HR at GE, Jeffery Garten, Juan Trippe Professor in Practice of International Trade, Bridget van Kralingen, GM at IBM, and Don Tapscott, Thought Leader on the Strategic Value & Impact of IT.
To top it off one of ILSHRM11’s keynote speakers, Jason Lauritsen, of Talent Anarchy is one of the concurrent speakers. Personally I’d go just to see him! He was awesome at our conference! That’s not the best part! We at ILSHRM have partnered with SHRM to bring you an improved bottom line as well when you register for this conference today. How, you ask? By using the following promo code: SHRMIL2011. This code will save you several hundred dollars on your registration. So register today to move your company toward improved bottom line results!
The SHRM Strategy Conference is a signature event for top-level HR professionals and other business leaders who want senior-level sessions that focus on developing and executing creative, effective and scalable strategies.
Donna Rogers, SPHR @DonnaRogersHR - Chair ISC SHRM