37:533:301 Lecture Notes - Lecture 1: Cost Leadership, Telecommuting, Strategic Management

• School: Rutgers University
• Department: Human Resource Management
• Course: 37:533:301
• Professor: Hadi El Farr

Document Summary

Organizational culture is the set of underlying values and beliefs that employees of a company share. Culture influences: how employees do their jobs, how managers and employees interact, and acceptable practices for executing primary hr activities. Positive culture consistent with organizational goals: (1) lead employees to better understand what they need to do to contribute to these goals and are more willing to do it (2) attract and retain employees. Employee concerns can be address with flexibility in work schedules, family-friendly benefits, and telecommuting. Environmental influences: pressures that exist outside a company that impact the strategic management of employees. Labor force trends increasing in diversity: more minorities, more women, and increase in age of workers. A diverse workforce requires: reevaluation of recruitment to prevent discrimination and employee education on the value of different perspectives/backgrounds. Technology changed: competencies, interaction, information-sharing, teaching tools, available employees, and privacy issues. Globalization: blurring of countries boundaries in business activities.