The Master's degree paper provides the analysis of Lithuanian and foreign authors' theoretical aspects on strategical management of the personnel, personnel strategy, its creation and implementation. The survey data allowed us to establish and evaluate the features of personnel strategy creation and implementation and the positive and negative aspects of strategical management of the personnel in small and middle-sized business companies. The empirical research evaluated the main functions of management, established the most often problems related to planning, organization, motivation and control, reasons for that and some possible ways of problem solution for improvement of strategic management of the personnel in small and middle-sized business companies. The research results confirmed the author's hypothesis that there were some considerable problems regarding creation and implementation of personnel strategy in small and middle-sized business companies, which hindered the companies from forming the long-term competitive advantages.