MGTexam1

MGTexam1 - Chapter 1: Definitions Core competency A unique...

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: Chapter 1 Definitions Core competency A unique capability that creates high value and . differentiates an organization from its competition HR generalist A person who has responsibility for performing a variety . of HR activities HR specialist - A person who has in depth knowledge and expertise in . a limited area of HR Human capital , , , The collective value of the capabilities knowledge skills , . life experiences and motivation of an organizational workforce ( ) Human Resource HR management Designing management systems to ensure that human talent is used effectively and efficiently to . accomplish organizational goals ( ) Human resource management system HRMS An integrated system . providing information used by HR management in decision making - In shoring . Foreign businesses shifting activities to the United States - Off shoring . . U S businesses contracting out activities to unaffiliated . companies or their affiliates in another country Organizational culture he shared values and beliefs in an organization . and its workforce Outsourcing Businesses contracting out activities to unaffiliated . companies either at home or abroad Chapter 2 Benchmarking Comparing specific measures of performance . against data on those measures in other organizations Culture , , Societal forces affecting the values beliefs and actions . of a distinct group of people
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( ) Economic value added EVA Net operating profit of a firm after the . cost of capital is deducted Effectiveness . The extent to which goals have been met Efficiency The degree to which operations are done in an . economical manner Environmental scanning Process of studying the environment of the . organization to pinpoint opportunities and threats
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This note was uploaded on 06/13/2011 for the course HUEC 2045 taught by Professor V during the Spring '06 term at LSU.

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MGTexam1 - Chapter 1: Definitions Core competency A unique...

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