BU354 Chapter Notes - Chapter 1: Organizational Culture, Human Resource Management, Walmart
Document Summary
Organizations: bodies that bring people together in a co-ordinated manner to accomplish goals or objectives that couldn"t be accomplished individually. Organizational goals: goals of an organization that can be characterized as economic, social, and environmental: to achieve its goals, employees must engage in behaviour that move the organization towards those goals. Human resources management: the leadership and management of people within an organization using methods and procedures that recruit, select, motivate and enable employees to achieve outcomes individually and collectively that enhance employees" contribution to organizational goals. It is a means of structuring the organization to facilitate and enable it to achieve its goals. Strategy: involves large-scale, future-oriented, integrated plans to achieve organizational goals that respond to any uncertainty in the environment. Identifies how the organization creates value: corporate strategy: involves the entire organization, business strategy: involving a major activity, business or division, functional strategy: involving managers or different activities, services.
