72 PART1: 21ST CENTURY HUMAN RESOURCE MANAGEMENT STRATEGIC PLANNING AND LEGAL IS

Question

72 PART1: 21ST CENTURY HUMAN RESOURCE MANAGEMENT STRATEGIC PLANNING AND LEGAL ISSUES . KEY TERMS balanced scorecard (BSC) centralization complexity data analytics economic value added (EVA) formalization organizational HR scorecard human resource information systems return on investment (ROI) (HRIS) mission statement objectives organizational culture vision KEY TERMS REVIEW consists of the values, beliefs, and a Complete each of the following statements using one of is a plan of action to achieve a particular is what we expect to become as an organi- consist of our expectations of what we're 9. tions about appropriate behavior that members of organization share. this chapter's key terms. 10. is the process of accessing large amo set of objectives. of data in order to analyze those data and gai insights into significant trends or patterns wi organizations or industries within 2. zation at a particular future point in time. 11 are interacting database systems that aim at generating and delivering HR information and that allow us to automate some human resource manage ment functions. 3, going to do in order to become the organization that we envisioned. state what is to be accomplished in is a measure of profits that remain after 12. singular, specific, and measurable terms, with a target refers to the way in which an organization is the degree to which three types of differ- is the degree to which jobs are standard- is the degree to which decision making the cost of capital has been deducted from operating profits. date. 13. is a measure of the financial return we groups its resources to accomplish its mission. receive because of something that we do to invest in our organization or its people. 6. entiation exist within the organization 14 measures financial, customer ser- vice, internal process, and learning and growth (sustainability). zed within an organization 8. 15 identifies HR deliverables, identifies HR system alignment, compares HR alignment with is concentrated within the organization at a single strategy, and measures organizational gains cre point-usually at the top of the organization ated by HR practices COMMUNICATION SKILLS

Explanation / Answer

Definitions :-

1. Strategy.

Strategy sets objectives for an organisation.

2. Vision.

Vision is the long term goal of an organisation which it wants to achieve in future.

3. Mission statement.

Mission determines the purpose of an organisation and it's market as well as it's customers.

4. Objectives.

Objectives plans the goal of an organisation for its better performance.

5. Organizational structure.

Organizational structure determines the ways in which the resources are coordinated and directed to achieve a goal.

6. Complexity.

It determines the diffeentiaton between every organization in terms of resources.

7. Formalization.

This type of degree helps to take formal decisions in an organisation.

8. Centralization.

Centralization where the orders comes from a single source in an multi national organisation.

9. Organizational culture.

Organizational culture consists of values and beliefs and it helps for an organisation's productivity.

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