Introduction to HRM Flashcards
1
Q
What is the main concern for an organisation?
A
Profits + business + org performance
2
Q
What is HRM?
A
A management activity, employees are resources, these help achieve org goals and strategy and ultimately competitive advantage
3
Q
What is the value creation cycle?
A
Idea that orgs take resources (inputs) convert them into outputs and these outputs go back into the environment
4
Q
How do HR and Personnel Management differ in terms of organisational structures and systems?
A
Personnel management is mechanistic, centralised and formal whereas HRM is organic and less centralised
