Chapter 1 Managing Employees for Competitive Advandtage

HMD 295
Human Resources

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Cards In This Set

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Alignment
The extent to which the three primary HR activities are designed to achieve the goals of the organization
Competencies
The knowledge, skills, abilities, and other talents that employees possess.
Competitive advantage
A company's ability to create more economic value than its competitors.
Employees
The individuals who work for a company
Environmental influences
The pressures that exist outside companies that managers must consider to strategically manage their employees
External alignment
The extent to which the three primary HR activities that a company uses help them meet organizational demands, cope with environmental factors, and comply with regulatory issues
Globalization
The blurring of country boundaries in business activities
HR challenges
Challenges that managers must consider in the management of employees that relate to organizational demands, environmental influences, and regulatory issues
Human resource (HR) department
A support function within companies that serves a vital role in designing and implementing company policies for managing employees
HR practices
The practices that a company has put in place to manage employees
Line manager
The individuals who are responsible for supervising and directing the efforts of a group of employees to perform tasks that are directly related to the creation and delivery of a company's products or services
Organizational culture
The set of underlying values and beliefs that employees of a company share
Organizational demands
The factors within a firm that affect decisions regarding how to manage employees
Primary HR activities
The strategic management of employees centers around three categories of HR activities, work design and workforce planning, managing employee competencies, and managing employee attitudes and behaviors
Strategy
The company;s plan for achieving a competitive advantage over its rivals