Shared Flashcard Set

Details

PHR Study - Strategic Mgt 3
PHR Study - Strategic Mgt 3
20
Other
Professional
04/01/2011

Additional Other Flashcards

 


 

Cards

Term
What does an HR audit do?
Definition
identifies areas that may be out of compliance with legal requirement or are in need of updating because of strategic changes within the organization and defines elements that are working well
Term
issues to be considered in developing an organization structure
Definition
1) whether mgt is centralized or decentralized
2) nature of the functions
3) span of control for each manager
Term
centralized organization
Definition
one in which decision making authority is concentrated at higher levels in the organization
Term
decentralized organization
Definition
one in which decision making is delegated to lower levels
Term
business functions are classified as either __________ or ___________
Definition
line functions
staff functions
Term
line functions
Definition
make decisions about operating needs; operations and sales
Term
staff functions
Definition
do not make operating decisions but do advise line managers; human resources and finance
Term
span of control
Definition
refers to the number of employees that one manager can directly supervise
Term
strategic management
Definition
ongoing process of innovation, advantage, value creation, and reassessment
Term
What are 5 external forces that are in the external business environment that affect organizational change?
Definition
1) technological changes
2) industry changes
3) economic environment
4) labor pool
5) legal and regulatory activity
Term
what do tactical goals describe?
Definition
what will be accomplished to achieve the strategy?
Term
what does the action plan do?
Definition
breaks the tactical goals down into steps to be taken by an individual, team, or operating group to accomplish the tactical goal
Term
3 types of partnerships
Definition
1) general partnership
2) limited partnership or limited liability partnership
3) joint venture
Term
What does SMART stand for?
Definition
Specific
Measurable
Action-Oriented
Realistic
Time-based
Term
3 types of administrative law that impact employment relationships
Definition
1) agency rules and regulations
2) agency orders
3) executive orders
Term
Federal Register
Definition
official daily publication for rules, proposals, and notices of federal agencies and the Office of the President
Term
executive order
Definition
issued by the US President and become law after having been published in the Federal Register for 30 days
Term
outside director
Definition
someone who is not employed by the corporation and does not have operational responsibilities
Term
management
Definition
includes officers of the corporation, such as CEO, CFO, COO, and other executives who make day-to-day decisions about company operations
Term
fiduciary responsibility
Definition
obligation to act in the best interests of the shareholders by making decisions that benefit the organization over decisions that benefit them personally
Supporting users have an ad free experience!