Management and Organizational Studies 3383A/B Lecture Notes - Lecture 3: Incest, Tacit Knowledge, Wework

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Identifies trends that might affect the formulation and implementation of both organizational and. External environment: anything outside organizational boundaries that might influence an organization: not part of the organization but is tightly integrated with it, organizations do not exist in isolation. Analyzing external environment: scanning, monitoring, systematic to look at the factors that may affect the organization, forecasting, assessing. Sources of information to develop hr strategy: publications, hr professional, professional associations, conferences or seminars, professional consultants. Large number of boomers retiring at the same time. Four global forces breaking all trends: beyond shanghai: age of urbanization, accelerating technological change, responding to the challenges of an aging workforce, greater global connections. Trend analysis: delphi techniques, nominal group technique. Competitive intelligence: a formal approach to obtain information about competitors. Inability to isolate what is really important to hr. Isolating critical from insignificant: difficulty finding employees where labour shortages exist, retiring university professors may not be replaced with permanent positions.

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