MSCI 2200 Chapter 1: Chapter 1 def
Document Summary
Human resources management (hrm): the management of people in organizaions to drive success organizaional performance and achievement of the organizaion"s strategic goals. Scieniic management: the process of scieniically analyzing, manufacturing processes, reducing producion costs, and compensaing employees based on their performance levels. Human resources movement: a management philosophy focusing on the concern for people and producivity. Outsourcing: the pracice of contracing with outside vendors to handle speciied business funcions on a permanent basis. Employee engagement: the emoional and intellectual involvement of employees in their work, such as intensity, focus and involvement in his or her job and organizaion. Strategy: the company"s plan for how it will balance its internal strengths and weaknesses with external opportuniies and threats to maintain a compeiive advantage. Change agents: specialists who lead the organizaion and its employees through organizaional change. Environmental scanning: idenifying and analyzing external opportuniies and threats that may be crucial to the organizaion"s success.
