HRM 3430 Chapter 3: Responding to External Factors: Proactive Approach

• School: York University
• Department: Human Resources Management
• Course: HRM 3430
• Professor: Althea Gordon

Document Summary

Organizations and businesses may want to try to assess every alter factor. However time is of the essence and many organization and businesses do not have the luxury of having enough time to do so. Also, these organizations and businesses must have the required resources to monitor and respond to external factors they are challenged with. One method and technique used by organizations or businesses is the issues priority matrix in order to determine the impact and influence. What employers can use is trend probability and possible influences. Not every human resources management professional wants to be passive-aggressive and just be observant. They want to be collaborating, involved, participating, and impacting. As a result, many professional associations provide memberships. Organizations and businesses have public relations departments that do handle the viewpoints of the profession as well as achievements. In a business" organizational strategy, there are many affecting factors. The one group have the most significant impact are the stakeholders.