ADM 2337 Lecture Notes - Lecture 7: Delphi Method, Markov Chain, Job Sharing

• School: University of Ottawa
• Department: Administration
• Course: ADM 2337
• Professor: Catherine Elliott

Document Summary

Strategic planning: procedures for making decisions about the organization"s long-term goals and strategies. ** needs to be linked with hr planning: integrated into the strategic planning process. Mission, vision, values swot strategy formulation strategy implementation . Hrp: the process of forecasting future hr needs to ensure that the organization will have the required number and type of employees to meet its strategic objectives. Forecasting involves 3 main steps: forecast demand, forecast supply, balancing supply and demand. Strategic human resources management (shrm): pattern of human resources deployments and activities that enable an organization to achieve strategic goals. Formulation: whether a firm has the types and numbers of people available to pursue a given strategy. Implementation: once the firm has devised its strategy company execs must make resource allocation decisions (firm"s structure, processes, human capital) Management forecasts: experienced personnel making informed forecasts/estimates.