Correct option is A
The 5P Model of Strategic Human Resource Management (SHRM) was introduced to align HR functions with business strategy. It consists of five key components, all starting with the letter "P":
Philosophy – The values, culture, and beliefs that guide HR policies and strategies.
Programs – The formal HR initiatives such as training, leadership development, and employee engagement activities.
Practices – The day-to-day HR operations like performance management, hiring, and rewards.
Process – The systems and workflows that ensure HR activities are executed effectively.
People – The employees, managers, and leaders who implement and drive HR policies.
Among the given options, People is the correct choice, as HR strategy revolves around managing and developing human resources effectively.
Information Booster:
Strategic Human Resource Management (SHRM) focuses on aligning HR practices with business goals.
The 5P model ensures that HR policies are not isolated but integrated into the organization’s long-term strategy.
Importance of "People" in HRM:
Employees are the most valuable asset of any company.
HR focuses on talent acquisition, skill development, and retention strategies.
Example: Companies like Google and Microsoft invest heavily in people-centric HR policies to drive innovation and productivity.
Additional Knowledge:
(2) Product - Incorrect
The 5P model focuses on HR functions, not business products.
Product management is a marketing and operations concept, not a part of SHRM.
(3) Politics - Incorrect
While organizational politics may influence HR decisions, it is not a structured element of the 5P model.
SHRM focuses on structured HR frameworks rather than informal power dynamics.
(4) Price - Incorrect
Pricing is a financial and marketing concept, not a core HR function.
HR policies are designed to manage people, not product pricing strategies.
English
10 Questions
20 Marks
12 Mins
