BUSI 4320 Study Guide - Spring 2018, Comprehensive Midterm Notes - Canada, Human Resources, Human Resource Management
12 Oct 2018
School
Department
Course
Professor
BUSI 4320
MIDTERM EXAM
STUDY GUIDE
Fall 2018
Chapter One: Strategic Importance of Human Resource Management
Learning Objectives
1. Discuss the objectives of human resource management
2. Identify steps in strategic management of human resources
3. Explain how human resource departments are organized and function
4. Discuss the role of human resource professionals in today’s organization
What is Human Resource Management?
-The leadership and management of people within an organization using systems,
methods, processes, and procedures that enable employees to optimize their
contribution to the organization and its goals
-Supports and enables organizations to meet short and long-term economic, social and
environmental goals
Strategic Human Resource Management
-Linked to the strategic needs of an organization
oCorporate, business and functional levels
-HR strategies and tactics must be mutually consistent
-HR strategies need to be consistent with organizational priorities
Proactive HRM
-Proactive: Decision-makers anticipate problems and challenges and take action before a
problem exists
-Reactive: Decision-makers respond to problems rather than anticipate them
Step 1: Organizational Mission, Goals and Strategy
-Mission Statement: Statement outlining the purpose, long-term objectives, and
activities the organization will pursue and the course for the future
-Cost leadership strategy
-Differentiation strategy
-Focus strategy
Step 2: Environmental Scan
-Continuous monitoring of economic, technological, demographic, and cultural forces
find more resources at oneclass.com
find more resources at oneclass.com
-The major forces:
1. Economic
2. Technological
3. Demographic
4. Cultural
5. Legal
Step 3: Analysis of Organizational Character and Culture
-Human resource strategies should be formulated only after a careful look at the
organizations character
oEmployees, objectives, technology, size, age, unions, policies, successes, failures
-Character reflects the past and shapes the future
-Each organization has a unique culture
Step 4: Choice and Implementation of Human Resource Strategies
-There should be a clear line of sight between HR strategy and corporate goals
-HR must continuously focus on 5 groups of activities
oPlanning Human Resources
oAttracting Human Resources
oPlacing, Developing, and Evaluating Human Resources
oMotivating Employees
oMaintaining High Performance
Step 5: Review, Evaluation, and Audit of Human Resource Strategies
-Strategies should be examined periodically in consideration of changing factors
(technology, environment, etc.)
-Human Resource Audit
-HR departments must focus on looking to the future i.e. proactive
find more resources at oneclass.com
find more resources at oneclass.com
Document Summary
Chapter one: strategic importance of human resource management. Learning objectives: discuss the objectives of human resource management. Identify steps in strategic management of human resources: explain how human resource departments are organized and function, discuss the role of human resource professionals in today"s organization. The leadership and management of people within an organization using systems, methods, processes, and procedures that enable employees to optimize their contribution to the organization and its goals. Supports and enables organizations to meet short and long-term economic, social and environmental goals. Linked to the strategic needs of an organization: corporate, business and functional levels. Hr strategies and tactics must be mutually consistent. Hr strategies need to be consistent with organizational priorities. Proactive: decision-makers anticipate problems and challenges and take action before a problem exists. Reactive: decision-makers respond to problems rather than anticipate them. Mission statement: statement outlining the purpose, long-term objectives, and activities the organization will pursue and the course for the future.
