Exam 3 Review

Exam 3 Review - HRM1101 Introduction to Organizations...

Info iconThis preview shows pages 1–13. Sign up to view the full content.

View Full Document Right Arrow Icon
HRM1101 - Introduction to Exam #3 Review
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Goals and Plans A blueprint specifying the resource allocation, schedules, and other actions necessary for attaining goals Plan Goal A desired future state that the organization attempts to realize 0
Background image of page 2
Levels of Goals/Plans and Their Importance 0
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Goals and Plans Strategic Goals Where the organization wants to be in the future Pertain to the organization as a whole Strategic Plans Action steps Blueprint that defines the organizational activities and resource allocations 0
Background image of page 4
Tactical Goals and Plans Tactical Goals Goals that define the outcomes that major divisions and departments must achieve Tactical Plans Plans designed to help execute major strategic plans 0
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Operational Goals and Plans Operational Goals Specific, measurable results expected from departments, work groups, and individuals Operational Plans Organization’s lower levels that specify action steps toward achieving operational goals 0
Background image of page 6
Plans and Their Timing Today 60 days One year 5 years More Immediate Short term Long term Strategic
Background image of page 7

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Where to Begin Step 1 - Establish mission Mission: an organization’s basic purpose and scope of operations; often written in terms of the clients it serves Step 2 - Articulate vision or plan Vision: a long-term idea of what the organization can be and what it can achieve; a statement to provide a perspective on where an organization is headed and what the firm can become Step 3 - Establish goals Goals: metrics to measure achievement and success
Background image of page 8
Sample Mission Statements Merck “The mission of Merck is to provide society with superior products and services by developing innovations and solutions that improve the quality of life and satisfy customer needs, and to provide employees with meaningful work and advancement opportunities, and investors with a superior rate of return.” Wyeth “We bring to the world pharmaceutical and health care products that improve lives and deliver outstanding value to our customers and shareholders.” GlaxoSmithKline “To improve the quality of human life by enabling people to do more, feel better, and live longer.”
Background image of page 9

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Wyeth, continued Mission: “We bring to the world pharmaceutical and health care products that improve lives and deliver outstanding value to our customers and shareholders. Vision: “Our vision is to lead the way to a healthier world. By carrying out this vision at every level of our organization, we will be recognized by our employees, customers, and shareholders as the best pharmaceutical company in the world, resulting in value for all.” Values: Quality Integrity Respect for People Leadership Collaboration - “Teamwork”
Background image of page 10
SMART Goals S - Specific M - Measurable A - Attainable R - Relevant T - Time based
Background image of page 11

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Ineffective vs. SMART Personal Goal S - Specific M - Measurable A - Attainable R - Relevant T - Time based Ineffective:
Background image of page 12
Image of page 13
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 90

Exam 3 Review - HRM1101 Introduction to Organizations...

This preview shows document pages 1 - 13. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online