chapter 6-9 Flashcards
shrm
strategic human resources management
a process that organization use to manage their employees
shrm
holistic approach to assembling the best team for your business growth and success
shrm
the process and practice of attracting, hiring, developing, rewarding and retaining employees for their beliefs
SHRM (STRATEGIC HUMAN RESOURCES MANAGEMENT)
5 importance of strategy implementation
- know your company’s goal and abilities
- determine the resources needed to achieve company’s goal
- assess and pivot
- forecast future need
- execute your plan
5 primary objectives of shrm
resources based strategy
high commitment management
achieving strategic fit
high involvement management
high performance management
enhances an organization to adapt successfully the changing circumstances
evaluation
regulation of organizational activities
control
control aimed at ensuring that the organization maintains an effective alignment
strategic control
generally achieved through organizational structure
integration of strategy and control
6 steps in the strategic control process
determining what to control
setting standard
measuring performance
comparing performance
analyzing deviation
(take) corrective action
prioritize evaluation of elements that relate directly to mission and vision
determining what to control
past present and future action must be evaluated
setting standard
measuring, addressing and reviewing performance on the monthly or quarterly basis
measuring performance
include performance measurements
comparing performance
