Strategic management is the process of formulating and implementing strategies that create competitive advantage and advance an organisation's mission and objectives. The essence of strategic management is to look ahead, understand the environment, and effectively position an organisation for competitive success in changing times. Strategic management is considered to be a dynamic activity. Therefore, constant upgradation of the content becomes necessary for a book on strategic management. This book provides a balance between those concepts that have become classics and those that present the latest in thinking and practice relative to Human Resource Management. This book is specifically designed to cater to the needs of both management students as well as working professionals who wish to move from general approach to strategic approach of management. In an effort to keep the most pertinent issues within the boundary of Human Resource Management, significant additions have been made to this second edition. Two new chapters, titled Organisational Structure and Design and International HRM, are added to this second edition. Apart from this, voluminous content has been added in the following three chapters: New to this book Introduction to Strategic HRM, * Strategic Human Resource Management, and * Performance Management Strategies.