... Operationalizing HR Management Strategies Thinking Strategically Understand the business Focus on key business goals Know what to measure Prepare for the future FIGURE 2–3 Strategic Human Resource Management ... improvements for the time period Other Effectiveness Measures Human capital value added (HCVA) Human capital return on investment (HCROI) Human economic value added (HEVA) Assessing HR Effectiveness ... Chapter Objectives After you have read this chapter, you should be able to: • Summarize the strategic planning process...