COMMERCE 2BC3 Lecture Notes - Lecture 1: Living Wage, Social Capital, Explicit Knowledge
13 Jul 2016
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3 main definitions: functions definition: what it does. Is the set of interrelated policies, practices, and programs whose goal is to attract, socialize, motivate, maintain, and retain an organizations employees. Hrm-goal based definitions- what it tries to achieve. Aims to improve the productive contribution of individuals while simultaneously attempting to attain other societal stuff. Competencies for hr profession: credible activist, cultural steward, talent management/ organizational designer, strategic architect, business ally, operational executor. What are the main responsibilities of hrm: analyze work, recuite and select people, design reward system, deal with health and safety issues. 3 main challenges facing: globalization, sustainability, technological. 4 types of capital included in intangible assets: human capital, social capital, customer capital. Something that can t be taught by writing it down likes a language. Explicit knowledge can be written down and can be done example like instruction. Like protecting your friend vs telling on him for cheating.
