The theories of Strategic management are a combination of theories like, Behavioral role theory which considers behaviors of the employee as one of the key to a positive strategy implementation, as its been believed by the theorists that by keeping a healthy alignment between the policies of HR with business wide strategy. Other theory is resource based theory which suggests that human resource has the required sustainable competitive advantage for any company and the main reason for that is that, HR is incomparable and also a source which is non-substitutable for accomplishing the competitive advantage. Third major theory of strategic HRM is “Human capital theory” and this particular theory reflects the strategic significance to the human resource just like all the other financial assets as skills, knowledge, and the capabilities of employees of the company also has the potential of the economic value.

Abhijith S

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