RSM100Y1 Lecture Notes - Lecture 9: Human Relations Movement, Lincoln Electric, Strategic Management
Document Summary
Rsm 100y1 lecture 9 strategic human resource management. This administration keeps tracks of all the workers. Planned human resource deployments and activities intended to enable an organization to achieve its goals. Low-cost strategy (lincoln electric) o o o o. Become the lowest cost producer in an industry. New firm do not enter as existing firms can lower costs below competitor costs. Do employees have necessary things to implement the strategy effectively and. Supporting stated values with rewards, recognition, fair treatments. Hr functions primarily administrative role and focus on day to day activities. Hr involved in strategy implementation and formulation on a continuous basis. Hr executive is part of the strategic management team. Hr executive provide information on an on going basis and helps develop. Integrative linkage o not sequential o o o alternatives. One standard-deviation in unit increase in shrm practises produces 7. 05% decrease in.
