ADMS 1010 Lecture Notes - Lecture 9: Human Resource Management, Wage Labour, Organizational Behavior

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Week 9 (the human factor) adms 1010. The human factor: people, goals, linked to environment. Organizational behavior and (uman resources management focus on the (cid:498)people(cid:499) side of organizations. People are central to every aspect of firm operations all functions must consider the human factor. Two meanings: behavior of people within organizations. Rooted in the core academic domain of psychology: behavior of organizations within their environment. ^also called (cid:498)organization theory(cid:499) (cid:523)see week (cid:884)(cid:524: (cid:498) an academic and applied discipline that involves the scientific study of mental functions and behaviors. (cid:499, industrial-organizational psychology. Aims to understand mental and behavioral process within the context of organization. Translates ob theory into specific firm policies and practices related to: ^maximizing employee performance to achieve organizational goals (cid:523)(cid:498)strategic (rm(cid:499)(cid:524) ^also: m&as; (cid:498)talent(cid:499) management; succession planning; labor relations; diversity; etc. Money is the best mechanism for ranking peoples preferences. Money is the primary motivator animating employee behavior.

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