ADM 2337 Lecture Notes - Lecture 17: Shemay, Strategic Management, Rede Ferroviária Nacional
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26 Mar 2018
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Chapter 1 - human resources management in perspective. The process of managing human capital to achieve an organization"s objectives. Provides: 1) advice and counsel; 2) service; 3) policy maker; and 4) employee advocacy. Need to be effective at change management - for proactive and reactive change. Containing costs while retaining top talent and maximizing productivity. Furloughing (asking employees to take pay reduction/some days off or sabbaticals) Nearshoring - outsourcing work to close locations (ie. mexico or the us for canada) Recent release of statistics canada - census replaced by the national household survey. Adapting to educational and cultural shifts affecting the workforce. More diversity in cultural values - needs to be reflected in policies. Chapter 2 - strategy and human resource planning. Fixating on one strategy and not all actions. You don"t want to get strategy implementation confused with strategy formulation. You want to plan your strategy to determine what your competitive advantage is.