ADM 2337 Chapter 2: ADM2337 Midterm Notes Chapter 2

• School: University of Ottawa
• Department: Administration
• Course: ADM 2337
• Professor: Gebrekiduce Mekonnen

Document Summary

Strategic planning to (cid:373)ake de(cid:272)isio(cid:374)s o(cid:374) (cid:272)o(cid:373)pa(cid:374)(cid:455)"s lo(cid:374)g te(cid:396)(cid:373) goals a(cid:374)d st(cid:396)ategies. Human resources planning (hrp) anticipating and implementing movement of people into, within, and outside of the company: (cid:862)today, vi(cid:396)tually all (cid:271)usi(cid:374)ess issues have people i(cid:373)pli(cid:272)atio(cid:374)s; all hu(cid:373)a(cid:374) (cid:396)esou(cid:396)(cid:272)e issues have (cid:271)usi(cid:374)ess i(cid:373)pli(cid:272)atio(cid:374)s(cid:863) Strategic human resources management (shrm) pattern of human resources activities to enable the company to achieve its strategic goals. Mission the main purpose of company and its scope of operations. Strategic vision statement of what the company will become in the future, which clarifies the (cid:272)o(cid:373)pa(cid:374)(cid:455)"s lo(cid:374)g term goal and strategic intent. Core values st(cid:396)o(cid:374)g p(cid:396)i(cid:374)(cid:272)iples a(cid:374)d (cid:271)eliefs of the (cid:272)o(cid:373)pa(cid:374)(cid:455) a(cid:374)d uses the(cid:373) as the fou(cid:374)datio(cid:374) fo(cid:396) the (cid:272)o(cid:373)pa(cid:374)(cid:455)"s decisions. Environmental scanning systematic monitoring of external forces on/influencing the company: business environment external forces that do(cid:374)"t dire(cid:272)tly (cid:272)o(cid:374)trol (cid:271)ut (cid:272)a(cid:374) affe(cid:272)t the (cid:271)usi(cid:374)ess strategy, remote environment changes in economy, demographic changes, technological changes, etc. that can i(cid:374)flue(cid:374)(cid:272)e the (cid:272)o(cid:373)pa(cid:374)(cid:455)"s strategies.