Businesses are increasingly looking at human resources as a unique asset that can provide sustained competitive advantage. The changes in the business environment with increasing globalisation, changing demographics of the workforce, increased focus on profitability through growth, technological changes, intellectual capital and the never-ending changes that businesses are undergoing, have led to increased importance of managing human resources (Devanna, Fombrum, & Tichy, 1981; Wright, 1998).

Strategy has always been considered a critical success factor in all areas of human
activity. This has been a dominant viewpoint in theory and practice, not only in business enterprises but also in areas such as military action and diplomacy, politics and
government, personal development and career. In all these areas, it is widely recognized
that "strategy matters". The argument of course holds for a good strategy, appropriate for
given conditions, which can render superior outcomes......

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Title: Cruciality Of Hrm In Strategic Formulation And Implementation
Approximate Word Count: 2751
Approximate Pages: 12 (250 words per double-spaced page)

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