Final answer:
HR should be involved in a business's strategic processes because it ensures staffing aligns with strategic goals, maintains legal compliance, and aligns the organization's culture and employee development with the strategic objectives.
Step-by-step explanation:
The question asks why Human Resources (HR) should be involved in the strategy formulation, development, implementation, and evaluation of a business. There are several reasons for HR's significant role in this process. Firstly, HR plays a crucial role in staffing projections which directly affect a company's strategic direction. Accurate projections ensure the right number and type of employees are hired to achieve strategic goals. Secondly, HR must ensure legal compliance across all aspects of employment, which is essential for the legitimacy and smooth operation of a business. Lastly, HR's involvement ensures that the organization's culture, employee development, and motivations align with strategic objectives, which can have a significant impact on the overall performance and success of the company.