Abstract: Formulate and implement corporate strategies through artificial intelligence based Human resource management techniques is the proposed invention. The proposed invention focuses on automating the process of strategy planning based on vision and mission of an organization. The invention also stresses on the importance of strategy formulation to the allow for smoother functioning of an organization.
Claims:1. Formulate and implement corporate strategies through artificial intelligence based Human resource management techniques comprises of
artificial intelligence unit;
Decision making unit and
Corporate strategy unit.
2. Formulate and implement corporate strategies through artificial intelligence based Human resource management techniques, according to claim 1, includes an artificial intelligence unit, wherein the artificial intelligence unit will monitor the HR tasks and activities to decide upon further decisions in an automated manner.
3. Formulate and implement corporate strategies through artificial intelligence based Human resource management techniques, according to claim 1, includes a decision-making unit, wherein the decision-making unit will give inputs to the HR management team to decide and segregate tasks based on the suggestions from Artificial intelligence unit.
4. Formulate and implement corporate strategies through artificial intelligence based Human resource management techniques, according to claim 1, includes a corporate strategy unit, wherein the corporate strategy unit will decide and formulate strategies as per the instructions of Artificial intelligence unit.
, Description:[0001] Background description includes information that may be useful in understanding the present invention. It is not an admission that any of the information provided herein is prior art or relevant to the presently claimed invention, or that any publication specifically or implicitly referenced is prior art.
[0002] Corporate strategy involves answering a key question from a portfolio perspective. Strategic management involves the formulation and implementation of the major goals and initiatives taken by an organizations manager on behalf of stake holders. Management determines corporate strategy by analyzing the corporations’ capabilities. Corporate strategy strives to create value, develop a unique marketing advantage, and size maximum market share.
[0003] The importance of corporate strategy hinges on its being an effective means to allocate a company’s resources, establish business expectation, and improve a company’s competitive position, as well as increase share holder value to something beyond the sum of its physical assets. The corporate strategy stresses on increasing profitability and business growth. The proposed invention focuses on addressing the issues associated with corporate strategies and thereby improving them.
[0004] Above information is presented as background information only to assist with an understanding of the present disclosure. No determination has been made, no assertion is made, and as to whether any of the above might be applicable as prior art with regard to the present invention.
[0005] In the view of the foregoing disadvantages inherent in the known types of corporate strategy analysis systems now present in the prior art, the present invention provides an improved system. As such, the general purpose of the present invention, which will be described subsequently in greater detail, is to provide a new and improved techniques to formulate and implement corporate strategies using Artificial Intelligence techniques that has all the advantages of the prior art and none of the disadvantages.
SUMMARY OF INVENTION
[0006] In the view of the foregoing disadvantages inherent in the known types of corporate strategies formulation techniques systems now present in the prior art, the present invention provides an improved one. As such, the general purpose of the present invention, which will be described subsequently in greater detail, is to provide a new and improved artificial intelligence-based technique to formulate corporate strategies which has all the advantages of the prior art and none of the disadvantages.
[0007] The main objective of the proposed invention is to implement a framework that formulates the corporate strategies using artificial intelligence. The proposed invention aims to increase the efficacy of corporate strategies and human resource management techniques by automating their decision level ties.
[0008] Yet another important aspect of the proposed invention is that the artificial intelligence techniques are integrated into the pillars of corporate strategies. The process of decisions in corporate strategies and planning are automated. The invention also has an impact of human resource management department. Thus, the proposed invention aims at increasing the overall efficacy of the organization.
[0009] In this respect, before explaining at least one embodiment of the invention in detail, it is to be understood that the invention is not limited in its application to the details of construction and to the arrangements of the components set forth in the following description or illustrated in the various ways. Also, it is to be understood that the phraseology and terminology employed herein are for the purpose of description and should not be regarded as limiting.
[0010] These together with other objects of the invention, along with the various features of novelty which characterize the invention, are pointed out with particularity in the disclosure. For a better understanding of the invention, its operating advantages and the specific objects attained by its uses, reference should be had to the accompanying drawings and descriptive matter in which there are illustrated preferred embodiments of the invention.
BREIF DESCRIPTION OF DRAWINGS
[0011] The invention will be better understood and objects other than those set forth above will become apparent when consideration is given to the following detailed description thereof. Such description makes reference to the annexed drawings wherein:
Figure 1 illustrates the block diagram of formulate and implement corporate strategies through artificial intelligence-based hr management techniques
DETAILED DESCRIPTION OF INVENTION
[0012] In the following detailed description, reference is made to the accompanying drawings which form a part hereof, and in which is shown by way of illustration specific embodiments in which the invention may be practiced. These embodiments are described in sufficient detail to enable those skilled in the art to practice the invention, and it is to be understood that the embodiments may be combined, or that other embodiments may be utilized and that structural and logical changes may be made without departing from the spirit and scope of the present invention. The following detailed description is, therefore, not to be taken in a limiting sense, and the scope of the present invention is defined by the appended claims and their equivalents.
[0013] While the present invention is described herein by way of example using several embodiments and illustrative drawings, those skilled in the art will recognize that the invention is neither intended to be limited to the embodiments of drawing or drawings described, nor intended to represent the scale of the various components. Further, some components that may form a part of the invention may not be illustrated in certain figures, for ease of illustration, and such omissions do not limit the embodiments outlined in any way. It should be understood that the drawings and detailed description thereto are not intended to limit the invention to the particular form disclosed, but on the contrary, the invention covers all modification/s, equivalents and alternatives falling within the spirit and scope of the present invention as defined by the appended claims. The headings are used for organizational purposes only and are not meant to limit the scope of the description or the claims. As used throughout this description, the word "may" be used in a permissive sense (i.e., meaning having the potential to), rather than the mandatory sense (i.e., meaning must). Further, the words "a" or "a" mean "at least one” and the word “plurality” means one or more, unless otherwise mentioned. Furthermore, the terminology and phraseology used herein is solely used for descriptive purposes and should not be construed as limiting in scope. Language such as "including," "comprising," "having," "containing," or "involving," and variations thereof, is intended to be broad and encompass the subject matter listed thereafter, equivalents, and any additional subject matter not recited, and is not intended to exclude any other additives, components, integers or steps. Likewise, the term "comprising" is considered synonymous with the terms "including" or "containing" for applicable legal purposes. Any discussion of documents, acts, materials, devices, articles and the like are included in the specification solely for the purpose of providing a context for the present invention.
[0014] In this disclosure, whenever an element or a group of elements is preceded with the transitional phrase "comprising", it is understood that we also contemplate the same element or group of elements with transitional phrases "consisting essentially of, "consisting", "selected from the group consisting of”, "including", or "is" preceding the recitation of the element or group of elements and vice versa.
[0015] A corporate strategy is a plan of an organization that entails of clearly defined and long-term vision. The process of creating a corporate strategy is to set out a basic plan with strategic goals and milestones for what’s to be achieved and time line by which it should be accomplished. Developing a successful strategy requires continuous efforts and thoughtful attention.
[0016] The proposed invention focuses on reducing the efforts and burden that are imposed on human resource department for effective and successful corporate strategy planning. To reduce the burden and stress, artificial intelligence is integrated into the process of strategic planning. Predictive algorithms are used to serve the purpose and the invention will revolutionize the efficacy of formulation of corporate strategies.
[0017] Reference will now be made in detail to the exemplary embodiment of the present disclosure. Before describing the detailed embodiments that are in accordance with the present disclosure, it should be observed that the embodiment resides primarily in combinations arrangement of the system according to an embodiment herein and as exemplified in FIG. 1
[0018] Figure 1 illustrates the block diagram of formulate and implement corporate strategies through artificial intelligence-based hr management techniques 100. The various corporate strategies are depicted as 101 for allocation of resources 102 for organizational design, 103 for portfolio management and 104 for strategic trade-offs. These aspects i.e., 101, 102, 103 and 104 are collected fed to corporate strategy unit 105 and monitored by artificial intelligence techniques 106. The decision-making unit 107 runs predictive algorithm and give input for strategies planning units.
[0019] In the following description, for the purpose of explanation, numerous specific details are set forth in order to provide a thorough understanding of the arrangement of the system according to an embodiment herein. It will be apparent, however, to one skilled in the art that the present embodiment can be practiced without these specific details. In other instances, structures are shown in block diagram form only in order to avoid obscuring the present invention.
| # | Name | Date |
|---|---|---|
| 1 | 202241009523-FORM 1 [23-02-2022(online)].pdf | 2022-02-23 |
| 2 | 202241009523-DRAWINGS [23-02-2022(online)].pdf | 2022-02-23 |
| 3 | 202241009523-COMPLETE SPECIFICATION [23-02-2022(online)].pdf | 2022-02-23 |
| 4 | 202241009523-FORM-9 [05-03-2022(online)].pdf | 2022-03-05 |