Human Resources Chapters 1-4 Flashcards
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Questions and Answers

What is Corporate Social Responsibility?

The responsibility of the firm to act in the best interests of the people and communities affected by its activities.

What does Downsizing refer to?

Planned elimination of jobs.

What is Employee Leasing?

The process of dismissing employees who are then hired by a leasing company and contracting with that company to lease back the employees.

What does Globalization mean?

<p>The trend toward opening up foreign markets to international trade and investment.</p> Signup and view all the answers

What is Human Capital?

<p>The knowledge, skills, and capabilities of individuals that have economic value to an organization.</p> Signup and view all the answers

What does a Human Resource Information System (HRIS) do?

<p>Provides current and accurate data for purposes of control and decision-making.</p> Signup and view all the answers

What is Human Resources Management (HRM)?

<p>The process of managing human talent to achieve an organization's objectives.</p> Signup and view all the answers

Who are Knowledge Workers?

<p>Workers whose responsibilities extend beyond the physical execution of work to include planning, decision-making, and problem-solving.</p> Signup and view all the answers

What does Managing Diversity involve?

<p>Being aware of characteristics common to employees while managing employees as individuals.</p> Signup and view all the answers

What is Offshoring?

<p>The business practice of sending jobs to other countries.</p> Signup and view all the answers

What does Outsourcing mean?

<p>Contracting outside the organization to have work done that formerly was done by internal employees.</p> Signup and view all the answers

What is Proactive Change?

<p>Change initiated to take advantage of targeted opportunities.</p> Signup and view all the answers

What is Reactive Change?

<p>Change that occurs after external forces have already affected performances.</p> Signup and view all the answers

What does Reengineering involve?

<p>Fundamental rethinking and radical redesign of business processes to achieve dramatic improvements in costs, quality, service, and speed.</p> Signup and view all the answers

What is Six Sigma?

<p>A process used to translate customer needs into a set of optimal tasks that are performed in concert with one another.</p> Signup and view all the answers

What does Total Quality Management (TQM) emphasize?

<p>Understanding customer needs, doing things right the first time, and striving for continuous improvement.</p> Signup and view all the answers

What is a Balanced Scorecard (BSC)?

<p>A measurement framework that helps managers translate strategic goals into operational objectives.</p> Signup and view all the answers

What is Benchmarking?

<p>The process of measuring one's own services and practices against the recognized leaders to identify areas for improvement.</p> Signup and view all the answers

What are Core Capabilities?

<p>Integrated knowledge sets within an organization that distinguish it from its competitors and deliver value to customers.</p> Signup and view all the answers

What are Core Values?

<p>The strong and enduring beliefs and principles that the company uses as a foundation for its decisions.</p> Signup and view all the answers

What are Cultural Audits?

<p>Audits of the culture and quality of work life in an organization.</p> Signup and view all the answers

What does Environmental Scanning involve?

<p>Systematic monitoring of the major external forces influencing the organization.</p> Signup and view all the answers

What is Human Resource Planning (HRP)?

<p>The process of anticipating and providing for the movement of people into, within, and out of an organization.</p> Signup and view all the answers

What are Management Forecasts?

<p>The opinions (judgments) of supervisors, department managers, experts, or others knowledgeable about the organization's future employment needs.</p> Signup and view all the answers

What is Markov Analysis?

<p>A method for tracking the pattern of employee movements through various jobs.</p> Signup and view all the answers

What is a Mission in the context of an organization?

<p>The basic purpose of the organization as well as its scope of operations.</p> Signup and view all the answers

What are Organizational Capabilities?

<p>The capacity of the organization to act and change in pursuit of sustainable competitive advantage.</p> Signup and view all the answers

What are Replacement Charts?

<p>Listings of current jobholders and people who are potential replacements if an opening occurs.</p> Signup and view all the answers

What are Skill Inventories?

<p>Files of personnel education, experience, interests, skills, and so on that allow managers to quickly match job openings with employee backgrounds.</p> Signup and view all the answers

What are Staffing Tables?

<p>Graphic representations of all organizational jobs, along with the numbers of employees currently in those jobs.</p> Signup and view all the answers

Study Notes

Key Concepts in Human Resources

  • Corporate Social Responsibility: Firms must act in the best interests of impacted communities.
  • Downsizing: A strategic decision to eliminate positions within an organization.
  • Employee Leasing: Involves dismissing employees who are then hired by a leasing firm, which manages HR tasks and leases them back.
  • Globalization: Expansion into international markets for trade and investment opportunities.
  • Human Capital: Combines knowledge, skills, and capabilities of individuals that hold economic value for organizations.

Human Resource Systems and Management

  • Human Resource Information System (HRIS): A computerized platform ensuring accurate data for effective control and decision-making.
  • Human Resources Management (HRM): The strategic approach to managing organizational talent to meet business goals.

Workforce Dynamics

  • Knowledge Workers: Employees who engage in planning, decision-making, and problem-solving, beyond mere physical tasks.
  • Managing Diversity: Involves recognizing employee differences while treating individuals uniquely.
  • Offshoring: Relocation of jobs to different countries for various strategic benefits.
  • Outsourcing: Hiring outside resources to perform tasks previously handled by internal staff.

Change Management

  • Proactive Change: Initiatives aimed at capitalizing on anticipated opportunities.
  • Reactive Change: Adjustments made in response to external pressures impacting performance.

Business Process Reengineering

  • Reengineering: Rethinking and dramatically redesigning business processes for enhanced performance, including cost reduction and quality improvement.
  • Six Sigma: Methodology focusing on aligning customer needs with optimal tasks for superior execution.
  • Total Quality Management (TQM): Emphasizes understanding customer needs, first-time quality, and continuous improvement.

Strategic Planning and Measurement

  • Balanced Scorecard (BSC): Framework for translating strategic objectives into measurable operational goals.
  • Benchmarking: Evaluating practices against industry leaders to identify improvement areas.
  • Core Capabilities: Areas of expertise that differentiate an organization and provide customer value.
  • Core Values: Fundamental beliefs that guide decision-making and company culture.

Culture and Environmental Factors

  • Cultural Audits: Assessments evaluating organizational culture and work life quality.
  • Environmental Scanning: Continuous monitoring of external factors affecting organizational strategy.

Human Resource Planning and Analysis

  • Human Resource Planning (HRP): Anticipating workforce changes for optimal staff movement.
  • Management Forecasts: Insights from leaders driving future employment strategy.
  • Markov Analysis: Tool for analyzing employee movement patterns within the organization.

Organizational Structure and Talent Management

  • Mission: Clarifies the organization's purpose and operational scope.
  • Organizational Capabilities: The ability to adapt and evolve for sustained competitive advantage.
  • Replacement Charts: Lists current employees and potential successors for key positions.
  • Skill Inventories: Records of employee qualifications and experiences to facilitate job matching.
  • Staffing Tables: Visual representation of job roles and employee distribution within the organization.

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Description

Test your knowledge of key concepts in Human Resources from Chapters 1 to 4. Glossary words include Corporate Social Responsibility, Downsizing, and Employee Leasing, among others. Prepare to engage with essential HR terminology and their definitions.

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