Chapter 1, modules 1, 2, 3 Flashcards
(27 cards)
What is the definition of a mission statement?
The mission statement defines the core purpose of the organization.
What is an example of a mission statement?
To provide high-quality, innovative tech solutions that enhance the everyday lives of our customers.
What is the definition of a vision statement?
The vision statement describes what the organization aspires to become in the future.
What is an example of a vision statement?
To be the world’s leading provider of cutting-edge technology solutions, shaping the future of innovation and connectivity.
What are organizational values?
Values are the core principles and standards that guide the behavior, decisions, and actions of the organization and its employees.
Give three examples of organizational values.
Integrity, Innovation, Customer Focus.
What is efficiency in HR?
Efficiency refers to how well resources (time, money, personnel) are utilized to achieve HR goals.
What is effectiveness in HR?
Effectiveness in HR is about achieving desired outcomes and goals.
What is Human Resources Management (HRM)?
HRM is an integrated set of systems, practices, and policies in an organization that focuses on the effective deployment and development of employees.
Why is HRM important?
HRM ensures an organization will be successful by having the right people, in the right places, doing the right things at the right time.
What are key reasons to study HRM?
- In-demand career opportunities
- understanding people and organizations
- influencing organizational success
- developing strategic and leadership skills
- personal growth.
What does the C in the CARES model stand for?
Coach: Equipping managers with best practices to lead effectively.
What does the A in the CARES model stand for?
Align: Aligning HR strategies with business objectives to achieve organizational goals.
What does the R in the CARES model stand for?
Recruit: Delivering essential services like recruiting, onboarding, and training.
What does the E in the CARES model stand for?
Engage: Strengthening employee contributions and fostering engagement.
What does the S in the CARES model stand for?
Safeguard: Formulating and implementing policies for a safe, inclusive, and healthy work environment.
What are some topics impacting HRM?
- Global economy
- changes in business sectors and firms
- technology
- quality management
- human capital
- demographics.
How does the global economy impact HRM?
It affects jobs, wages, and business operations.
What changes in business sectors impact HRM?
- Need to increase exports while addressing environmental concerns
- changes to company ownership
- downsizing
- outsourcing
- use of independent contractors.
How does technology impact HRM?
Technology improves processes, reduces administrative tasks, and enables telecommuting.
What is human capital?
The value that employees provide to an organization through their knowledge, skills, and abilities.
What are core competencies?
A combination of knowledge, skills, and characteristics needed to effectively perform a role in an organization.
What is talent management?
Leveraging competencies to achieve high organizational performance.
What are innovation skills?
Creativity, problem-solving, risk-taking, relationship-building, communication, and implementation skills.
