BU354 Chapter Notes - Chapter 1: Human Relations Movement, Balanced Scorecard, Performance Appraisal
Document Summary
Chapter 1: the strategic role of hr management. Human resources management (hrm) the management of people in organizaions to drive successful organizaional performance and achievement of the organizaion"s strategic goals. Human capital the knowledge, educaion, training, skills, and experise of an organizaion"s workforce. It is crucial that the hr strategy be aligned with the company"s strategic plan. Human resource management responsibiliies: operaional hr professionals hire and maintain employees and then management employee interacions, strategic ensures that the organizaion is stafed with the most efecive human capital to achieve its strategic goals. Outsourcing the pracice of contracing with outside vendors to handle speciied funcions of a permanent basis. Strategy the company"s plan for how it will balance its internal strengths and weaknesses with external opportuniies and threats in order to maintain a compeiive advantage. Environmental scanning idenifying and analyzing external opportuniies and threats that may be crucial to the organizaion"s success.
