Management and Organizational Studies 4485F/G Chapter Notes - Chapter 2: Starbucks, Flexible Spending Account, Asteroid Family

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 4485F/G
• Professor: William Fisher

Document Summary

Gm use resources physical, organizational, human: resources provide competitive advantage. Potential question: list and describe four different linkages of strategic planning and hrm. Hrm function involved in companies strategic management process. Business model: story how a firm will create value for customers and do so profitably transforming business model . Information technology- enables stores to cut costs helps see which employees are unneeded. Strategic management- artful planning and management. deploy and allocate resources in a way that gives a competitive advantage organizational and human tied to hrm function. Two interdependent phases: (cycling not sequential: strategy formulation: decides on directions based on mission and goals, strategy implementation: structuring, allocating resources, training, and environment and internal srengths and weaknesses. incentive programs to implement strategy. Strategic human resource management (shrm) can be thought of as. Administrative linkage- hrm department has no input in the strategic management process both formulation and implementation.