HRM 3430 Study Guide - Midterm Guide: Human Factors And Ergonomics, Workforce Management, Fax

• School: York University
• Department: Human Resources Management
• Course: HRM 3430
• Professor: Linda Love

Document Summary

Strategy implementation: those activities that employees and managers of an organization undertake to enact the strategic plan, to achieve the performance goals. Intended strategy: the agreed upon strategy arrived at through the formal planning process; formulated at the beginning of the period; formulated plan. Page 3 of 41 cultural factors, and changing demographics managers can make reactive and proactive changes to the strategic plan; swot analysis is a good tool for analyzing a company"s resource capabilities and deficiencies, its market opportunities, and the external threats to its future; a strength is something that a company does well or an attribute that makes it more competitive; a weakness is something that an organization does poorly or a condition such as location, that puts it at a disadvantage relative to competitors; opportunities and threats are environmental conditions external to the firm that may be beneficial or harmful.