Textbook Notes (362,755)
Canada (158,052)
York University (12,350)
HRM 3430 (82)
Chapter 1

Chapter 1 - Introduction to Strategic HRM

8 Pages
Unlock Document

York University
Human Resources Management
HRM 3430
Gordon Qi Wang

Chapter 1Strategy is the formulation of organizational missions goals and objectives as well as action plans for achievement that explicitly recognize the competition and the impact of outside environmental forcesStrategy is the plan for how the organization intends to achieve its goalsStrategy is a purpose and a plan The means a company will use the courses of action it will take and how it will generally operate and compete constitute its strategy Five Ps of Strategy Strategy is a1PLAN An intended course of action a firm has selected to deal with a situation2PURPOSE A consistent stream of actions that sometimes are the result of a deliberate plan and sometimes the result of emergent actions based on reactions to environmental changes or shifting of assumptions3PLOT A specific manoeuvre at the tactical level with a short time horizon4POSITION The location of an organization relative to its competitors and other environmental factors5PERSPECTIVE The gestalt or personality of the organization Strategic planning requires thinking about the future
More Less

Related notes for HRM 3430

Log In


Don't have an account?

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.