OHRM 304: Introduction to HRM

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Questions and Answers

What is the primary objective of Human Resource Management?

To achieve organizational objectives (correct)

To increase employee turnover

To improve employee morale

To maximize profits

What is the management function of HRM concerned with?

Hiring, motivating, and maintaining people (correct)

Managing financial resources

Developing marketing strategies

Procuring and maintaining equipment

What is the focus of HRM as a management function?

On machines and equipment

On marketing strategies

On people in organizations (correct)

On financial resources

What is HRM concerned with designing?

Management systems Signup and view all the answers

What is the personnel function of HRM concerned with?

Procurement, development, compensation, integration, and maintenance of personnel Signup and view all the answers

What is the purpose of HRM in an organization?

To contribute towards the accomplishment of the organization's objectives Signup and view all the answers

What is the scope of HRM in an organization?

Pervasive and influences corporate culture and norms Signup and view all the answers

What is involved in HRM?

Leadership, employment planning, and evaluating employee performance Signup and view all the answers

What is the primary focus of personnel management?

Planning, organizing, directing, and controlling of operative functions Signup and view all the answers

What is the primary reason why the quality and timeliness of work are determined by the capabilities of employees?

Because everything within an organization gets done through people Signup and view all the answers

What is the main focus of business strategies?

Value creation and revenue generation Signup and view all the answers

Why should HRM issues be critically examined during strategy formulation and implementation?

To link HR and business issues for competitive advantage Signup and view all the answers

What is an important characteristic of human capital?

It is based on company-specific skills and experience Signup and view all the answers

What is the primary purpose of core competencies?

To distinguish an organization from its competitors and deliver value to customers Signup and view all the answers

Why is human capital considered valuable to an organization?

Because it is based on company-specific skills and experience, and can be expanded through development Signup and view all the answers

What is the ultimate goal of HRM in helping organizations to be competitive?

To link HR and business issues to create a competitive advantage Signup and view all the answers

Study Notes

Introduction to Human Resource Management (HRM)

HRM is the effective use of human capital in an organization through the management of people-related activities.
It involves leadership, values, employment planning, recruiting, selecting, training, and compensating employees, and evaluating their performance.

Nature of Human Resources in Organizations

Human Resources (HR) refers to the human capital and intellectual assets of an organization.
HRM is concerned with managing people in organizations to achieve organizational objectives.

Management Function of HRM

HRM is a management function concerned with hiring, motivating, and maintaining people in an organization.
It focuses on designing management systems to ensure human talent is used effectively and efficiently to accomplish organizational goals.

Personnel Function of HRM

HRM is the personnel function concerned with procurement, development, compensation, integration, and maintenance of personnel in an organization.
Personnel management involves planning, organizing, directing, and controlling the performance of operative functions.

Pervasiveness of HRM in Organizations

Everything within an organization gets done through people, including product or service development, sales, and delivery.
The quality and timeliness of work, and the resulting success of an enterprise, are determined by the capabilities of its employees.

How HRM can Help Organizations be Competitive

HRM issues should be critically examined during business strategy formulation and implementation.
HR and business issues should be strongly linked to create a competitive advantage.

Human Capital

Human capital refers to the knowledge, skills, and capabilities of individuals that have economic value to an organization.
Human capital is valuable because it is based on company-specific skills, gained through long-term experience, and can be expanded through development.

Core Competencies for Organizational Growth

Core competencies refer to integrated knowledge sets within an organization that distinguish it from its competitors and deliver value to customers.

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Description

This quiz covers the basics of Human Resource Management, including its nature, scope, and role in organizations. It's designed for students in OHRM 304, Prof. James Baba Abugre's class.