Professional Documents
Culture Documents
LAS 111 Notes
LAS 111 Notes
INFLUENCE
Outgoing, enthusiastic, optimistic, high-spirited and lively
TENDENCIES NEEDS OTHERS WHO 06.02.2020
- Generating enthusiasm - Concentrate on tasks LESSON 1: INTRODUCTION TO HUMAN RESOURCE MANAGEMENT
- Being articulate - Respect sincerity
- Entertaining people - Take logical approach (can get WHAT IS A RESOURCE?
- Participating in a group emotional) A valuable asset; something you own
- Prefer to deal with things instead Unit that which can be added to another to produce something better
of people
WHAT IS HUMAN RESOURCE?
HIGH I’s ENVIRONMENT The members of the company; employees
o Popularity, social recognition Using employees’ capabilities to benefit the company
o Public recognition of ability
o Freedom of expression WHAT IS MANAGEMENT?
o Group activities outside of the job; need point of view heard Dealing with or controlling a group of people
o Democratic relationships Knowing proper resource allocation
o Freedom from control and detail Able to deal with situational
o Opportunities to verbalise proposals
o Coaching and counselling “Human Resource Management involves growth.”
HIGH I’s ACTION PLAN TO BE MORE EFFECTIVE WHY IS HUMAN RESOURCE MANAGEMENT IMPORTANT?
o Control time Personal mistakes
o Make objective decisions o Hiring someone incorrectly may be due to flaw in hiring
o Use hands-on management process
o Be more realistic appraising others Improve profits and performance
o Make priorities and deadlines Spend some time as HR manager
o Be more firm with others as they are popularity seekers May end up as your own human resource manager
o The need to know how HR works
TYPES OF STRATEGIES
CORPORATE STRATEGY
Identities the portfolio of business
1. Concentration: single business
2. Diversification: many different products
3. Vertical Integreation: expand by producing my own materials or by
selling products directly ; this is when you expand your current
business by vertically integrating, so youre doing something different
now but you decide youll produce it now (bounty fresh)
4. Consolition: focus on fewer rather than many; reduction in size; used
to be big, and then reduced in size
5. Geographic Expansion: entering new territories
COMPETITIVE STRATEGY
Identifies how to win in the market;how do you comepete in the market
1. Cost leadership: cheaper (e.g., 3M, Pedrico’s)
2. Differentiation/Focus: unique (e.g. Gino’s Motorino)
3. Speed: faster (e.g. Pizza Hut, Shakey’s)
FUNCTIONAL
Identifies broad activities in each department to support the business (e.g. HR
strategy to promote from within, IT strategy to move to the clou, Finance strategy
to offer an IPO)
SM – example of first three