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Human Resource Management 1
Human Resource Management 1
Human Resource Management 1
Human Resource Management is the art of procuring, developing and maintaining competent workforce to achieve organizational goals efficiently.
STRATEGIC MANAGEMENT
Strategic management is the formulation and implementation of plans and carrying out of activities relating to the matters which are of vital , pervasive or continuing importance to the total organization.
Provides guidelines for organizational functioning. Probability for better performance. It helps to keep pace with the changing environment as by exploring opportunities and minimizing threats . It helps the business to achieve the optimum level of efficiency. Strategic management focuses on the determination of the major organizational objectives by identifying the things to be achieved. Improves communication, coordination, allocation or resources.
decision plans that sets critical direction for an organization and guides the allocation of resources.
management with strategic goals and objectives in order to improve business performance and develop organizational cultures that foster innovation and flexibility.
1. Identifying and analyzing external opportunities and threats that may be crucial to the company's success. 2. Provides a clear business strategy and vision for the future. 3. To supply competitive intelligence that may be useful in the strategic planning process. 4. To recruit, retain and motivate people. 5. To develop and retain of highly competent people. 6. To ensure that people development issues are addressed systematically. 7. To supply information regarding the company's internal strengths and weaknesses. 8. To meet the expectations of the customers effectively. 9. To ensure high productivity. 10. To ensure business surplus thorough competency
PERSONNEL MANAGEMENT
Maintenance oriented. An independent function with independent sub-functions. Reactive function, responding to events as and when they take place. Exclusive responsibility of personnel department. Emphasis is put on monetaryrewards. Tries to improve the efficiency of people and administration.
Development oriented. Consists of inter-dependent parts. Proactive function, trying to anticipate and get ready with appropriate responses. Responsibility of all managers in the organization. Emphasis is put on higher order needs such as how to improve creativity and problem solving skills. It tries to develop the organization as a whole and its culture.