MGT501 Short Notes Lectures 1-22

MGT501 SHORT NOTES FROM LEC 1 TO 22 SHARED BY PARISHY · MGT501 HUMAN RESOURCES MANAGEMENT · SHORT NOTES FROM LEC 1 TO 22 BY PARISHY · PLANNING

Planning is specifying and deciding of appropriate actions in advance to achieve the goals.

Organizing is the coordination of all organizational resources needed to achieve the goals.

LEADING

Leading is directing, encouraging, motivating and communicating with employees, individually and in groups.

Controlling means to get job done in the given time?

EFFICIENCY

It is a ratio of input and output. (Doing things right).

EFFECTIVENESS

It is the degree to which the organizations out put correspond to the needs and wants of the external environment.

SYNERGY

This concept states that the whole is greater then the sum of its parts. i.g. 2+2=5 (fifth unit is synergic affect)

PERSONALITY

The unique combination of physical behaviour/traits that describes a person?

PERCEPTION

Perception is the mental process to pay attention.

ATTITUDE

It consist of feelings, believes and behaviors?

ETHICS

Rules and principles that define right and wrong conduct.

STAKE HOLDERS All individuals and groups that are directly or indirectly affected by an organization’s decision.

INDIVIDUALS

Individuals are important units of any organization.

PROACTIVE RESPONSE

It involves taking action in anticipation of environmental changes

REACTIVE RESPONSE It involves simply reacting to environmental changes after they occur.

AUTHORITY It is the right to make decisions, to direct the work of others, and to give orders.

EXECUTIVES Executives are the top level managers who report directly to the corporations chief executive officer.

HR GENRALIST Are people who perform tasks in wide variety of human resource related areas.

HR SPECIALIST Specialist may be a HR executive, manager or non manager who typically is concerned with only one of the functional areas of HRM.

FAIR EMPLOYMENT A situation in which employment decisions are not affected by discrimination

EMPLOYMENT DISCRIMINATION To make an employment decisions, not on the basis of legitimate job related factors. Or a situation in which employment decisions are affected by discrimination

GROUP

A group is defined as two or more interacting individuals who come together to achieve particular goal.

Type of Groups i. Formal (a work group that is established by organization for specific assignment or task) ii. Informal (a group i.e. formed naturally due to social relations)

TEAM

A group of highly independent members, committed to accomplish a common goal.

Types of Teams i. Self managed ii. cross departmental iii. quality circles (problem solving)

iv. virtual teams

Any difference among people: age, profession, sexual orientation, life style, tenure with the organization or position.

Sources of Workforce Diversity i. older workers ii. gender iii. education

iv. religious and culture

v. disabilities

vi. immigrants

vii. education and skills

viii. marketing

ix creativity

x. flexibility

How organization cultivate a diverse workforce?

i. securing top management support ii. organizational assessment iii. attracting employees

iv. developing employees

v. retaining employees

HR MANAGEMENT

Simply it is management of human or people or it is process of working with different resources in such a way to accomplish organizational goals.

CHALLENGES OF HRM IN A CHANGING ENVIRONMENT

i. Environmental Challenges

• rapid change
• globalization
• legislation
• involving work and family roles (to avoid nepotism)
• skill shortage

ii. Organizational Challenges

• controlling costs
• improving quality
• creating distinctive capabilities
• restructuring