QUIZ #.

1 wajahat yasin

Q- Discuss the nature and objectives of Human Resource Management?

Answer :

human resources are multi dimensional in nature. From the national point of
view, human resources may be defined as the knowledge, skills, creative abilities,
talents and aptitudes obtained in the population; whereas from the view point of
the individual enterprise, they represent the total of the inherent abilities,
acquired knowledge and skills as exemplified in the talents and aptitudes of its
employees.

Human Resource Management: Nature

Human ResourceManagement is a process of bringing people and organizations

together so that the goals of each are met. The various features of HRM include:

It is pervasive in nature as it is present in all enterprises.

Its focus is on results rather than on rules.

It tries to help employees develop their potential fully.

It encourages employees to give their best to the organization.

It is all about people at work, both as individuals and groups.

It tries to put people on assigned jobs in order to produce good results.

It helps an organization meet its goals in the future by providing for competent
and well-motivated employees.

It tries to build and maintain cordial relations between people working at various
levels in the organization.

It is a multi-disciplinary activity, utilizing knowledge and inputs drawn from

psychology, economics, etc.

Objectives of HRM:
Objectives:

The primary objective of HRM is to ensure the availability of right people for right
jobs so as the organisational goals are achieved effectively.

This primary objective can further be divided into the following sub-objectives:

1. To help the organisation to attain its goals effectively and efficiently by

providing competent and motivated employees.

2. To utilize the available human resources effectively.

3. To increase to the fullest the employee’s job satisfaction and self-actualisation.

4. To develop and maintain the quality of work life (QWL) which makes
employment in the organisation a desirable personal and social situation.

5. To help maintain ethical policies and behaviour inside and outside the
organisation.

6. To establish and maintain cordial relations between employees and

management.

7. To reconcile individual/group goals with organisational goals.

Werther and Davis

have classified the
objectives of HRM into
four categories as
shown in table 1.2.
Q- Explain why strategic Planning is important to all managers?

Strategic planning is important to an organization because it provides a sense of

direction and outlines measurable goals. Strategic planning is a tool that is useful
for guiding day-to-day decisions and also for evaluating progress and changing
approaches when moving forward. In order to make the most of strategic
planning, your company should give careful thought to the strategic objectives it
outlines, and then back up these goals with realistic, thoroughly researched,
quantifiable benchmarks for evaluating results.

Q- Explain with Examples each of eight steps in strategic planning process?

8 Step Strategic Planning Process

Every strategic planning process implies a set of required steps that will ensure
the organization a successful development and growth. If you plan to have your
business or if you already have one, you should pay attention to the following
eight steps.

1. Getting Prepared

First of all, it is necessary to identify the employees that will be engaged in the
development of the company's strategic plan. Apart from that, you should
gather all possible information related to this issue that might be useful for the
organization.

2.Vision and Mission Statements

These two notions are the crucial elements not only for the development of the
effective strategic plan but also for the company's success. It is required to
understand the reason why the company was created and what future it should
have.
3.Current Market Position and Future One

In order to complete the third step, people engaged in the development of the
company's strategic plan should perform SWOT analysis of the organization. By
means of SWOT analysis, they will identify the strengths, weaknesses, and
potential competitors of the company.

4. Agreement of priorities

You and your colleagues should find common ground regarding the key
priorities and focuses of the organization.

5. Completing the plan

This step implies putting all the pieces of the project together and
understanding a general and overall picture.

6. Tasks Distribution and Actions Assignment

Despite the fact that all the pieces of the plan are taken into one common
document, it is important to distribute the tasks and assignments between a
number of the employees. The completion of this step will guarantee the
efficiency and productivity of any organization or company. The reason for this
is the fact that each of the employees will be responsible for a particular task.

7. Introduction to Strategic Plan

After completing a strategic plan, you have to distribute it in the organization in

order to ensure the alignment. The important thing is that this plan should be
distributed to the heads of the department. However, in some companies, the
strategic plan is distributed to each member of the company, even if it is an
ordinary employee.

8. Accountability of Everyone

The individuals engaged in the development of the effective strategic plan

should monitor all the activities and performances related to the compliance
with a plan. By monitoring these activities, the organization has the opportunity
to make some corrections and improve the efficiency of the strategic plan
dramatically.