Study Guides (380,000)
CA (150,000)
U Windsor (600)
Business (100)
Study Guide

MGMT 4510 Study Guide - Fall 2019, Comprehensive Final Exam Notes - Job Performance, Ford Focus, Internet


Department
Business
Course Code
MGMT 4510
Professor
Al-Karim Samnani
Study Guide
Final

This preview shows pages 1-3. to view the full 42 pages of the document.
71-451

Only pages 1-3 are available for preview. Some parts have been intentionally blurred.

Only pages 1-3 are available for preview. Some parts have been intentionally blurred.

Chapter 1: Establishing a Human Resource Strategy
Formulating a Human Resource Strategy
Strategic human resource management (SHRM)
o Links human resources practices to the strategic needs of the
organization
o ex. How does organization want to compete (low cost, high
quality) and how to align HR practices with this goal
o Aims to provide organization with an effective workforce
o Meets the needs of all constituents
Steps in Formulating a Human Resource Strategy
Environmental Analysis
Analysis of Organizational Strengths and culture
Analysis of Organizational Mission and Goals
Human Resource Strategy
A. Environmental Analysis
All organizations are open systems receiving inputs from and
exporting outputs to the environment
Assessing environmental trends is a key step in strategy formulation
o What outputs are valued? What processes are involved?
B. Analysis of Organizational Mission and Goals
Mission Statement: who we are, what we do, where we are headed
Goals: long-term and short-term objectives
find more resources at oneclass.com
find more resources at oneclass.com
You're Reading a Preview

Unlock to view full version

Only pages 1-3 are available for preview. Some parts have been intentionally blurred.

2
C. Analysis of Organizational Strengths and Culture
Strengths: what we do; how do we do it better than others
Weaknesses: what our vulnerabilities are; where we must improve
Culture: what we believe in; what we value; what all our members
share in common
D. Analysis of Organizational Strategy
Core competencies: what our unique skill set and capabilities in value-
creating activities are; what we are best known for
Strategy: a comprehensive, integrated plan with relatively long-term
implications designed to achieve the goals of the organization
Human Resource Strategy
Must be consistent with the overall organizational strategy
Organization may employ different strategies over time
Variations in HR Priorities
Cost Leadership
Focus
Differentiation
Employee Skills
Narrow
Moderate
Broad
Employee
Flexibility
Low
Moderate
High
Focus on
Quantity of
Production
High
Moderate
Moderate
Employee
Behaviors
Predictable,
Repetitive
Moderately
creative, yet
predictable
Creative, non-
repetitive
Popular HR Strategies
Commitment Strategy: creating common interest between the
employer and employees
find more resources at oneclass.com
find more resources at oneclass.com
You're Reading a Preview

Unlock to view full version