" Arrange in sequence the five phase that constitute Strategic Human Resource Management process.
A. HR strategy formulation
B. Identify HR strategies
C. Scan the Environment
D. Monitor and Evaluate HR strategies
E. Identify the sources of Competitive Advantage
Choose the correct answer from the options given below:

Correct option is B

The correct sequence of phases in the Strategic Human Resource Management (SHRM) process is:
1. C. Scan the Environment: This is the first phase where external and internal factors affecting HR strategies are assessed. It includes analyzing the competitive landscape, workforce trends, and organizational needs.
2. E. Identify the sources of Competitive Advantage: In this phase, the organization determines how HR can create or contribute to a competitive advantage. This includes identifying key skills, resources, or capabilities that distinguish the organization from competitors.
3. B. Identify HR strategies: After understanding the environment and competitive advantage, the next step is to identify HR strategies that align with business goals and leverage competitive strengths.
4. A. HR strategy formulation: This phase involves developing specific HR policies, practices, and initiatives based on the identified strategies to meet organizational objectives.
5. D. Monitor and Evaluate HR strategies: The final phase involves continuously assessing and adjusting the HR strategies to ensure they remain effective and aligned with organizational goals. This phase ensures adaptability and continuous improvement.
Information Booster:
Strategic Human Resource Management is a process that aligns human resource practices with the long-term goals of the organization. By scanning the environment, identifying competitive advantages, formulating strategies, and monitoring them, SHRM ensures that the workforce is a key driver of organizational success.