chapter 2 Flashcards
strategy
a plan an organization follows for how to compete successfully, survive, and grow
strategic planning
process of defining organizational strategy, or direction, and allocating resources towards its achievement
organizational mission
core reason for the existence of the organization and what makee sit unique
strategic HR management
appropriate use of HR management practices to gain or keep a competitive advantage
offshoring
company’s relocation of a business process or operation from one country to another
human resource planning
process of analyzing and identifying the need for and avaliability of people so that the organization can meet its strategic objectives
environmental scanning
assessment of external and internal envirnmental conditions that affect the organization
succession planning
process of identifying a plan for the orderly replacement of key employees
forecasting
using information from the past and present to predicut future conditions
outsourcing
transferring the management and performance of a business function to an external service providor
due diligence
a comprehensive assessment of all aspects of the business being required
effectiveness
ability of a program, project, or task to produce a specific desired effect or result that can be measured
efficency
degree to which operations are carried out in an econoical manner
HR metrics
specific measures of HR practices
HR analytics
an evidence-based approach to making decision on the basis of quantitative tools and models
