ADM 2337 Lecture Notes - Lecture 2: Nominal Group Technique, Strategic Planning, Job Sharing

• School: University of Ottawa
• Department: Administration
• Course: ADM 2337
• Professor: Catherine Elliott

Document Summary

Pages 39-41; 52-60; 65-67 only focusing on these pages. Michael porter: unique competitive advantage or position that a company has. Strategic planning: procedures for making decisions about the organization"s long-term goals and strategies, needs to be linked with hr planning . The process of forecasting future hr needs to ensure the organization will have the required number and type of employees to meet its strategic objectives. Forecasting involves three main steps: forecast demand, forecast supply, balance the two. Forecasting labour demand based on an organizational index: Select factor that is a good predictor of hr needs. Multiply productivity ratio by business factor to determine hr demand (e. g. , sales/employee*estimated sales for next year) Used to develop replacement charts a visual representation of potential candidates. Used to perform succession planning: the process of identifying, developing and track key people for exec positions.