ADMS 2600 Study Guide - Midterm Guide: Succession Planning, Markov Chain, Knowledge Worker

• School: York University
• Department: Administrative Studies
• Course: ADMS 2600
• Professor: Gordon Qi Wang

Document Summary

Adms 2600 ch. 2: strategic planning, procedures for making decision about the organizations long term goals and strategies. The plans focus on how the firm will position themselves in contrast to their competitors: human resource planning (hrp, process of anticipating and providing for the movement of people into, within, and out of an organization. Does a firm have the type and numbers of people available to pursue a given strategy: eg. When indigo contemplated the move to web- based commerce. Once the strategy has been chosen, executives must allocate their resources to fulfil their goals. The type of people (human capital) an organization has will constrain what the firm is able to achieve: step 1: mission, vision, and values, mission: The basic purpose of the organization as well as its scope of operations. Reason the organization was created: strategic vision. Statement that reflects where the company is heading and where it will be in the future: core values.