Management and Organizational Studies 3383A/B Lecture Notes - Lecture 1: Strategic Planning, Strategic Management, Pest Analysis

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 3383A/B
• Professor: Jody Merritt

Document Summary

Hr planning understanding capabilities of the people. Common theme among many companies: adapting organizational strategies to include hrm is essential. If hrm strategies are not skilfully applied, they can negatively affect organizational strategy. Strategic management of people through hr programs and policies helps to ensure positive organizational outcomes, such as: profitability, customer satisfaction, employee performance, organizational survival. The formulation of organizational objectives, competitive scopes, and action plans for gaining advantages: the plan for how an organization intends to achieve its goals. Pestel: political, economic, social, technological, environmental, legal. Tactics are action strategies which can be reactive and proactive: hr planning strategies are tactical strategies with short term, mid range, and long-term planning horizons and allow organization to achieve plan. Strategic intent: a tangible corporate goal; a point of view about the competitive positions a company hopes to build over a decade: companies want those who can contribute in two ways: profit and contribution to corporate culture.