MGMT 443 - Introduction and Strategy

Videos
=== MGMT 443 - Course Basics ===
 * Course Basics
 * Professor: Dr. Deanna Kolar
 * Phone: 765-494-3447
 * Office: Krannert 503
 * Office Hours: By Appointment
 * Potential online drop-in hours
 * Textbook
 * Human Resource Management: Functions, Applications, and Skill Developement (2nd Edition)
 * Course Assessments
 * 3 Exams - 90% of Grade
 * All Cumulative
 * Weekly Case Studies - 10% of Grade
 * Variations on Human Resource Management
 * HR vs. Management Rotation
 * Degree of Centralization
 * Highly Centralized - Corporate HR
 * Highly Decentralized - Business HR
 * Strategic Importance of HRM - Use people to make strategic advantage
 * Degree of Formalization - Rules and Procedures
 * Hard and Soft HRM
 * Hard (Instrumental) HRM - Employees are replaceable
 * Soft (Humanistic) HRM - Employees are human/assets

=== MGMT 443 - Strategic Perspectives in HRM ===
 * Impact of Human Resource Management
 * Type of Human Capital
 * Training
 * Experience
 * Judgment
 * Intellifence
 * Relationships
 * Insight
 * Behavior of Human Capital
 * Motivation
 * Effort
 * Organizational Performance
 * Quality
 * Profitability
 * Customer Satisfaction
 * Developing HR Strategies
 * Where are we a a company
 * Where do we want to be in 1, 2, 3 or even 5 years from now?
 * How do we get there (Most important)
 * Who do we hire?
 * What avenues do we follow?
 * What training programs do we need?
 * Various strategies?
 * Corporate Strategy
 * How should we be operating
 * For Example
 * Diversify
 * New Ventures
 * Acquisitions and Divestment
 * Resource Allocation
 * Strategic Management
 * Continuous cyclical process
 * Strategic Formulation
 * Strategic Planning
 * Implementation
 * Review
 * Updating
 * Strategic HRM
 * The overall direction of an organization

=== MGMT 443 - Stakeholders ===
 * Stakeholders
 * Community at large
 * Labor Unions
 * Investors
 * Managers
 * Employees
 * How strategies affect HRM
 * Cost Leadership
 * Produce at lowest cost in industry
 * Maximize efficiency
 * HRM Differentiation
 * Maximize Flexibility and Adaptability
 * Make something special
 * Strategic mission statement
 * Future vision
 * Defines values
 * Sets Goals

=== MGMT 443 - SWOT Analysis and PESTEL Exercise 1 ===
 * SWOT Analysis
 * Strength (Internal)
 * Weaknesses (Internal)
 * Threats (External)
 * Opportunities (External)
 * PESTEL-Analysis
 * Political Factors
 * Economic Factors
 * Socio-Cultural Factors
 * Technological Factors
 * Environmental Factors
 * Legal Factors
 * Exercise 1
 * Think about PESTEL Strategy
 * Purdue is making a satellite campus in southern Italy, perform a PESTEL Analysis

=== MGMT 443 - Strategic Fit ===
 * Strategic Fit
 * Horizontal Fit - Fitting among HR Standard Practices
 * Vertical Fit - Fitting among the Organization
 * Configuration Approach "HR Bundles"
 * Make sure all approaches are supportive - not in conflict
 * e.g. Make sure Training for Performance related pay.
 * Best Practice Approach
 * Belief that there's a best set of practices that will bring out best performance
 * Best Fit Approach
 * There's a best approach based on your organization

=== MGMT 443 - Tools for Measuring Strategic HRM ===
 * Economic Value Added
 * Measure of the net profit on an operation
 * Return on investment
 * Compare cost and return
 * More Dollar-to-dollar
 * HR Scorecard - All areas related to HRM Success
 * HR Deliverables
 * HR System Alignment
 * HR Efficiency Measure