Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
10 Cards in this Set
- Front
- Back
- 3rd side (hint)
|
What are components of the strategic management process? |
Environment scanning Strategy formulation Strategy implementation Strategy evaluation |
She F* In Europe |
|
|
Define competitive advantage |
The profitability of an organisation is higher than the average profitability for all companies in its industry. |
|
|
|
How does strategic human resource management (SHRM) differ from human resource management (HRM). |
Active, involves strategy Continuously evolving, allowing organisations to adapt and change in the environment Can evaluate competition, set goals and strategies to meet existing and potential competition HRM - more about the practice, rather than any strategy, SHRM competitive advantage through people |
HRM implements the activities required to support organisational decisions, in order for these to be effective, HRM must be aligned with strategic direction of the organisation. SHRM integrates HRM into strategic decision making process of organisation so that HR can have an active role in helping to define, as well as implement strategic decisions. |
|
|
Name 4 factors in the external environment when analysing HRM in regards to Australia's ageing population. |
Economic Sociopolitical Labour Market Technological |
Ageing population, pressure likely to come from aged care, publicly funded health care, retirement |
|
|
Who are participants in a pharmacy workforce? |
Pharmacist Intern pharmacist Pharmacy assistant Pharmacy student |
Participation in the workforce i.e. extent to which the population is willing and able to work |
|
|
Regarding generational differences in workplace characteristics, what are Generation X motivated by? |
Freedom and removal of rules |
SHRM lecture - 'a generational overview' table |
|
|
What are the 5 steps in an SHRM plan? |
1. Research and analyse data (determine HR environment factors) 2. Find problem or opportunity and confirm (detect, reject or verify problems or opportunities) 3. Develop plan and success criteria 4. Implement plan 5. Evaluate and measure success |
|
|
|
What part of the SHRM plan would a gap and SWOT analysis fit into? |
Develop plan and success criteria |
|
|
|
Why is it important to evaluate an SHRM plan? |
Important for staff morale |
|
|
|
What are some challenges for pharmacy HRM? |
changing labour market transient workforce technology managing performance managing change being multi-skilled |
|
