HRM 3430 Study Guide - Comprehensive Final Exam Guide - Canada, Visible Minority, Time

• School: York University
• Department: Human Resources Management
• Course: HRM 3430
• Professor: Leigh Lampert

Document Summary

Chapter one: strategic management: buy in ensure that all members agree with and feel a part of the strategic plan (by getting input, explaining, communicating) In 2005, hbc adopted a corporate growth strategy and a business level strategy of differentiation coupled with low cost by opening stores such as home outfitters. In 2011, hbc sold its weakest chain zellers to target: now focusing on he luxury market with the acquisition of lord and taylor and saks 5th ave, etc. Strategy: strategy the formulation of organizational objectives, competitive scopes, and action plans for gaining advantage. How an organization intends to achieve its goals. It is determined through environmental analysis: logical incrementalism/emergent. Strategy plan that changes incrementally due to environmental changes (reactive) Why hrm needs to be a part of the organization"s strategy such as: strategic management of people through hr planning provides positive organizational outcomes. Corporate/company wide strategies: corporate/company wide strategy organizational level decisions that focus on long term survival.