ADMS 2600 Chapter Notes - Chapter 2: Markov Chain, Strategic Planning, Strategic Management
8 Dec 2014
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It helps managers deploy their human resources: strategic human resources management (shrm): combines strategic planning and. It is a pattern of human resources deployments and activities that enable organization to achieve its strategic goals. Step 1: mission, vision, and values: mission: basic purpose of the organization, and its scope of operations (reason for existing). Written in terms of general clients it services: strategic vision: provide a perspective on where the company is headed and what the organization can become in the future. They analyze to adapt to or influence the nature of competition. More power each forces has, the less profitable the industry will be. In identifying the needs of its customers, firms strategy should focus on creating customer value. Companies often try to make barriers to keep new firms out of the industry: when new firms enter, it is because they have a different way to provide value to customers.
