Management and Organizational Studies 3383A/B Lecture Notes - Lecture 3: Market Environment, Social Policy, Any Key
9 Feb 2017
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Lecture 3 environmental influences of hrm (ch3) Golden circle need to get people to buy into what we believe in (why -> what -> how instead of other way around usually used) Start presentation with broad overview of industry and move inwards towards specifics of company. Environmental scanning systematic monitoring of trends affecting the organization. Identifies the trends that might affect the formulation and implementation of both organizational and hr strategies. Assessing: presentation, what is impact of trends on organization. Each source of information can be used to develop hr strategy: publications, professional associations, conferences / seminars, professional consultants. A formal approach to obtain information about competitors. Is the source reliable: what is the likelihood of the information being correct, only 23% of companies were able to successfully implement, simplest method is to study competitors website. Most companies do not rely on one method.
