HTH 503 Study Guide - Comprehensive Final Exam Guide - Choma, Zambia, Canada, Hurricane Andrew

• School: Ryerson University
• Department: Hospitality and Tourism Management
• Course: HTH 503
• Professor: Amrita Bhalla

Document Summary

Hrm is the leadership and management of people within an organization using systems, methods, processes, and procedures that enable employees to optimize their contribution to the organization and its goals. Supports and enables organizations to: meet short and long-term economic, social, and environmental goal. Linked to the strategic needs of an organization. Hr strategies and tactics must be mutually consistent. Hr strategies need to be consistent with organizational priorities. Decision-makers anticipate problems and challenges and take action before a problem exists. Decision-makers respond to problems rather than anticipate them. > statement outlining the purpose, long-term objectives, and activities the organization will pursue and the course for the future. Continuous monitoring of economic, technological, demographic, and cultural forces. Economic force: economic cycles: canadian economy goes through boom and bust cycles. > often linked to other economies: during recessionary periods, hr faces challenges. > layoffs, wage concessions, lower morale: during boom cycles, hr must consider.