BU354 Chapter Notes - Chapter 3: Human Capital, Computer Network, Nominal Group Technique

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Relationship of human resource planning to strategic planning. Adopting a strategic focus on human resources enables managers tp proactively anticipate the long term people needs of an organization and create a human resources strategy. Long-range strategic plan is accomplished by the thoughtful execution of a series of short-range, tactical plans that focus on current needs and operations. The overall organizational strategy defines the human resource objectives that are accomplished through the implementation of appropriate human resource plans. Successful organizations recognize the importance of intellectual or human capital. Hr planning can vary from capturing basic information to a more sophisticated approach. Organizations are unique; they use different approaches for planning the allocation of human resources. This does not mean that all organizations eventually progress through the levels, due to lack of knowledge or time. People resources are rarely in a state of being perfectly balanced. Organizations often find themselves with too many employees or not enough.

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