Finals review 3 - I Leader as Developer of Talent a...

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I. Leader as Developer of Talent a. Corporate Strategy – how will firm use its resources to gain competitive advantage which affects… b. Human Resource Strategy – how will firm use its human resources to implement corporate strategy which affects… c. Human Resource Management – Policies and practices used to implement human resource strategy i. Up until 20 years ago, human resource strategy was not needed. That was, until human capital became a major resource and when strategies and talent and behavior changed did we need human resource strategy ii. In human resource management, you must: 1. Be able to Select the right people 2. Be able to train and develop these people 3. Have the ability to assess their performance and then based on this performance, 4. Reward them 5. Furthermore, need to develop relationships with union-management Human Resource management : d. Selection From Traditional To Current Key Decision Makers Managers Applicants, co-workers, and managers Basis of Validated tests
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