MANA 463 Lecture Notes - Lecture 3: Social Policy, Virtual Work, Market Environment

• School: Concordia University
• Department: Management
• Course: MANA 463
• Professor: Domenic Peltier- Rivest

Document Summary

Identifies trends that might affect the formulation and implementation of both organizational and. Anything outside organizational boundaries that might influence an organization. The external environment is not part of the organization but is tightly integrated with it. Analyzing the external environment: scanning, monitoring, forecasting, assessing. Each source of information can be used to develop hr strategy: A formal approach to obtain information about competitors. Examples include: study competitors" websites, have employees ask suppliers about competitors, hire employees who have worked for competitors. Inability to isolate what really is important to hr. Examples: difficulty finding employees where labour shortages exist; retiring university professors may not be replaced with permanent positions. For every trend, there is a countertrend. Major factors include: economic climate, globalization, political and regulatory context, demographic factors, social values and norms. Anything to do with the economy that affects hr management. Examples: unemployment, globalization, interest rates, strength of the canadian dollar.