Outcome 3 / Internal resource analysis Flashcards
Internal analysis
analysis of strengths and weaknesses
Core capabilities
people, process and system that distinguishes the company from competitors
Value creation
Cost-benefit scenario
Sustaining sustainable advantage through people
1. When they improve the efficiency of the processes. Decrease cost 2Values must be rare 3. Resources difficult to imitate 4. resources must be organized
Composition of the workforce
Core employees
Supporting workers
External partners
CORPORATE CULTURE
Corporate audit- Cultural audits
Examine, values, assumptions and believes and expectations
4 types of culture- Culture audit
- Clan culture- loyalty-Cohesion
- Adhocracy culture - risk taking and innovation
- Market culture- Result oriented
- hierarchical-Formal structure
Forecasting
- Forecasting the demand of labour
- Forecasting the suplly of labour
- Balance supply and demand
Forecasting the demand of employees
Forecasting demand 1. Considerations Products / service demand economics technology Abstenteism 2. Techniques trend analysis Managerial stimates Delphi technique BALANCING SUPPLY AND DEMAND Shortage Utilize overtime add full time workers add part time workers reduce employee turnover
Management forecast
Opinions of supervisor, managers, about organizations future employment needs
Forecasting supply of employees
Forecasting supply 1. Techniques Staffing tables Maarkov analysis Skills inventories replacement charts 2. external considerations Demographics changes Education of workforce Unemployment rate BALANCING SUPPLY AND DEMAND Surplus
staffing tables
graphics representations of all organizational jobs
along with the current number of employees
Markov analysis
method of tracking of employee movement through various jobs
Quality of fill
A metric to assess how well new hires perfom
skills inventories
personal education, experience, interest, and skills allos manager match new candidate
replacement chart
List of current job holders and people potential replacement
