MGHB12H3 Chapter Notes - Chapter 2: Trend Analysis, Market Environment, Ion
Document Summary
Chapter 2 (p 47): strategy and human resources planning. Strategic planning: involves a set of procedure for making decisions about the org"s long term goals and strategies. Human resources planning (hrp): process of anticipating and providing for the movement of people into, within, and out of an org. Strategic human resources management (shrm): pattern of hr deployments and activities that enable an org to achieve its strategic goals. Mission: basic purpose of the org as well as its scope of operations. Strategic vision: statement about where the co is going and what it can become in the future; clarifies the long term direction of the co and its strategic intent. Core values: strong and enduing beliefs and principles that the co uses as a foundation for its decision. Step 2: environmental analysis focus influencing the org. General rule of thumb -> more power each of these forces has, less profitable (and less attractive) industry will be.
