HRM 3430 Chapter Notes - Chapter 3: Delphi Method, Absenteeism, Competitive Intelligence

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Managers are influenced by the culture in which they operate they are not independent of the environment. Scanning: an attempt to identify early signals of changes and trends in the environment. Monitoring: a systematic approach to following some key indicators that may affect the organization such as absenteeism rate in the working population due to a certain type of illness. Forecasting: after monitoring a trend, an attempt to project the possible impact of the organization. Assessing: an attempt to describe the impact of the monitored trend on the organization, and make a judgment of the probability of each of several possible outcomes. Publications, professional association, conferences and seminars and professional consultants. Hr professional actively scan canadian newspaper, business publications and hr magazines, journals and newsletters. Human resources professional association of ontario have committees that actively scan the regulatory scene for upcoming changes.

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