MGMT 4000 Chapter Notes - Chapter 11: Human Resource Management, Cultural Intelligence, Management Development
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Implementation of new strategies and policies usually calls for new human resource management priorities and different use of personnel. Changing hiring and training requirements: o(cid:374)e (cid:449)a(cid:455) to i(cid:373)ple(cid:373)e(cid:374)t a (cid:272)o(cid:373)pa(cid:374)(cid:455)"s (cid:271)usi(cid:374)ess strateg(cid:455), su(cid:272)h as o(cid:448)erall lo(cid:449) (cid:272)ost, is through training and development. If the company cannot be saved, a professional liquidator might be called on by a bankruptcy court to close the firm and liquidate its assets. Job rotation moving people from one job to another is also used in many large corporations to ensure that employees are gaining the appropriate mix of experiences to prepare them for future responsibilities. Invest in the remaining employees: develop value-added jobs to balance out job elimination. If no, on to the next bullet point! 4 general methods of managing 2 different cultures: I(cid:374)(cid:448)ol(cid:448)es disi(cid:374)tegratio(cid:374) of o(cid:374)e (cid:272)o(cid:373)pa(cid:374)(cid:455)"s (cid:272)ulture resulti(cid:374)g fro(cid:373) u(cid:374)(cid:449)a(cid:374)ted a(cid:374)d extreme pressure from the other to impose its culture and practices.
