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HRM 2440 > Week 2 > Flashcards

Week 2 Flashcards

1
Q

Core Values

A

Structure, identity, and values for a business. All decisions made to reflect core values and abide by mission and vision

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2
Q

Influences on HRM can be both (2)

A

Internal and External

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3
Q

Internal

A

Organizational culture, climate, and management practice

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4
Q

External

A

Economic Factors, labour market issues, technology, environmental concerns

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5
Q

Strategic HRM involves formulating and…..

A

implementing HRM systems aligned with organizations strategy

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6
Q

Strategic plan

A

company’s plan to match internal strengths and weakness and external opportunities and threats to maintain comparative advantage

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7
Q

Comparative advantage

A

company achieves higher profits, specialization, low cost production and difficult for others to copy

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8
Q

Strategy

A

course of action company can pursue to achieve aims

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9
Q

Potters Generic strategies

A

matrix of 4 corners pertaining to differentiation scope and cost

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10
Q

Scope

A

Differentiation narrow or broad

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11
Q

Cost

A

high cost or low cost

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12
Q

Overall cost leadership

A

low cost to competitors and high scope or differentiation etc Walmart, McDonalds, IKEA

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13
Q

Overall Differentiation

A

Create unique product or service and recognized industry wide therefore high cost and differentiation etc Apple or Samsung

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14
Q

Focus

A

Concentrating on group of customers, geo markets and product line (bottom two quadrants) etc ferrari or lululemon

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15
Q

External influences on HRM external: Economic Factors

A

Employment level and hiring
economic sectors
productivity levels

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16
Q

Employment and hiring 2 systems

A

Healthy system
Weak system

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17
Q

Healthy System

A

increase demand for p/s, recruit more and pay well

18
Q

Weak System

A

reduced pay and benefits, downsizing, unemployment, competition among high qualified candidates

19
Q

Economic Sectors

A

Tertiary (Small Business) > Secondary (Manufac and construc) > Primary (Farm, agriculture)

20
Q

Productivity Levels

A

produce more output with less input

21
Q

Exploitation

A

workers forced to sell their labour power for less than the full value of commodities they produce with their labour

22
Q

Marxist Definition and exploitation

A

Fairness based accounts

23
Q

non-worseness claim and exploitation

A

worker at least has job, but an instance needs to be compared to an ideal condition and not worst case scenario

24
Q

labour and market issues

A

Diversity
Generational Differences
Visible and Ethnic minorities

25
Q

Diversity

A

Attributes that humans use to tell themselves “that person is different than me”

26
Q

3 protected groups of ethnic minorities and trends

A

Indigenous: fastest and youngest growing population
Disabilities: Ableism -> discrimination against those with, 1/5 in population with disability
women
Women: gender pay gap, underrepresentation at the top level

27
Q

Generational differences issue

A

stereotyping with age, or homogenous age groups

28
Q

Self-fulfilling prophecy

A

person’s expectations about another person eventually results in that person to act in ways to confirm expectation

29
Q

Education Issue with current generation

A

high population in university and post secondary but literacy(reading) level is very low

30
Q

Non standard or contingent workers and risk

A

part-time, term/temp and risks are poorly paid, no job security, no legislation coverage

31
Q

Technology

A

makes working easier and more efficient but has benefits and concerns

32
Q

benefits

A

speed, convenience, accuracy, efficiency,

33
Q

concerns

A

privacy, lack of design, data control, automation

34
Q

Government environmental concerns (3)

A

Human Rights, Global Trends, Environmental Trends

35
Q

Global Trends

A

firms outsource operations, increased competition, cheap skilled labours seeked

36
Q

Environmental Trends

A

Climate change, carbon footprint, pollution, sustainability

37
Q

Internal issues/concerns (3)

A

organizational culture, climate and management practice

38
Q

organizational culture (2) and conveyed through

A
  • core values, beliefs, and assumptions spread
  • behaviour expectations that are acceptable and not acceptable
  • conveyed through seminars, mission and vision, symbols
39
Q

Organizational Climate and how is it reflected

A
  • shared perception of organizational attributes such as policies, practices and procedures
  • reflected in level of employee motivation, job satisfaction, performance and productivity
40
Q

Management Practice (3)

A

Hierarchal vs egalitarian
Empowerment - more employees to manage
provide workers will skills and authority to grow and improve

HRM 2440 (9 decks)

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