ADM 2337 Lecture Notes - Lecture 1: Market Environment, Human Resources, Human Capital
23 Jan 2017
School
Department
Course
Professor
ADM 2337C Chapter 1 & 2 September 14, 2015
Human Resource Management (HRM)
• Managing human capital (knowledge, education, training, skills, expertise) to achieve
organizational goals
Why does HRM matter?
• As people are central to organizations, HRM issues impact organizational success (the
bottom line)
• HRM issues have an impact on individual well-being, and society
Chapter 1
Human Capital and HRM
Words to describe how important people are to organizations:
• Human resources
• Human capital
• Intellectual assets
• Talent management
Chapter 2 – Strategy and Human Resources Planning
Strategic Planning
• Proedures for akig deisios aout the orgaizatio’s log-term goals and strategies
Human Resources Planning (HRP)
• Process of anticipating and providing for the movement of people into, within, and out
of an organization
Strategic Human Resources Management
• Combines strategy formulation & implementation (making resource allocation
decisions; structure, processes and procedure)
STEP 1: Mission, Vision and Values
• Mission (includes a statement of the basic purpose)
• Strategic vision (describes where the company is going; long term direction)
• Care values (the strong, enduring beliefs and principles that guides the organization)
STEP 2: Environmental Analysis
Environmental scanning (a systematic scanning)
1. Economic factors: general, regional, and global conditions
find more resources at oneclass.com
find more resources at oneclass.com
Document Summary
Human resource management (hrm: managing human capital (knowledge, education, training, skills, expertise) to achieve organizational goals. Why does hrm matter: as people are central to organizations, hrm issues impact organizational success (the bottom line, hrm issues have an impact on individual well-being, and society. Words to describe how important people are to organizations: human resources, human capital, talent management. Chapter 2 strategy and human resources planning. Strategic planning: pro(cid:272)edures for (cid:373)aki(cid:374)g de(cid:272)isio(cid:374)s a(cid:271)out the orga(cid:374)izatio(cid:374)"s lo(cid:374)g-term goals and strategies. Human resources planning (hrp: process of anticipating and providing for the movement of people into, within, and out of an organization. Strategic human resources management: combines strategy formulation & implementation (making resource allocation decisions; structure, processes and procedure) Step 1: mission, vision and values: mission (includes a statement of the basic purpose, strategic vision (describes where the company is going; long term direction, care values (the strong, enduring beliefs and principles that guides the organization)
