Chapter 2 Process Planning and Design Multiple Choice 1. Which of the following is NOT a basic form of transformation systems? a) Job shop b) Flow shop c) Continuous transformation process d) All of the above are basic forms of transformation systems Answer: d Difficulty: Easy Response: See page 54 Reference: Forms of Transformation Systems 2. Layout analysis is usually performed for the following purpose(s): a) Maximize operational efficiency b) Reduce safety or health hazards c) Minimize interference
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Human Resource Planning Process The ongoing process of systematic planning to achieve optimum use of an organization’s most valuable asset - its human resources. The objective of human resource (HR) planning is to ensure the best fit between employees and jobs‚ while avoiding manpower shortages or surpluses. The three key elements of the HR planning process are forecasting labor demand‚ analyzing present labor supply‚ and balancing projected manpower demand and supply. When a business becomes
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STRATEGIC MANAGEMENT PROCESS Strategy: A strategy is a plan of action designed to achieve a particular goal. Art & science of formulating‚ implementing‚ and evaluating‚ cross-functional decisions that enable an organization to achieve its objectives Some Examples • Geographic expansion • Diversification • Acquisition • Market penetration • Retrenchment • Liquidation • Joint venture Strategic Management: It includes: 1. Making Strategies (Decisions) 2. To work upon those strategies
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HR Planning At SENTEL Corporation SENTEL Corporation Section 1 It is safe to say that in order for any organization to grow exponentially they need some sort of business strategy to help them flourish. This strategy can only be developed in the heart of the organization‚ which is the human resource department; with a human resource management mindset. Human resource management is the department in an organization
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1.What is HR planning ? Human resources planning is a process intended to help guide the organization plan in many general areas concerned with the organization in order to enhance its employees performance‚ such as‚ staffing‚ the growth and development of the organization‚ planning training programs for the employees‚ job rotations‚ and the process of designing‚ managing and implementing programs that help and support the employees like benefits and compensation programs. Nowadays‚ human resources
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The four primary components of the strategic management process are environmental scanning‚ refers to a process of collecting‚ scrutinizing and providing information for strategic purposes. It helps in analyzing the internal and external factors influencing an organization. Formulation refers to the process of choosing the most appropriate course of action for the realization of organizational goals and objectives and thereby achieving the organizational vision. Implementation is the manner in
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the personnel decisions search is to hope that a vacancy takes place. This method‚ that can be effective for small companies‚ it will not be very useful in complex organizations that require personnel with very specific characteristics. Therefore in large and complex companies it is best to forecast future needs of employees (Smith‚ Boroski‚ & Davis‚ 1992). By Employment Planning‚ it will be understood all those activities of personnel that attempt to provide the human resources necessary to
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THE STRATEGIC MANAGEMENT PROCESS Ford Motor Company‚ facing huge losses and hemorrhaging market share to Toyota and Nissan‚ knew it needed a new strategic plan. Competition was fierce‚ Ford’s costs were higher than competitors’‚ and Ford’s unused plant capacity was draining profits. Ford’s managers devised “The Way Forward.” This new strategic plan entailed closing a dozen plants and terminating 20‚000 employees. As at Ford‚ a strategic plan is the company’s plan for how it will match its internal
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Strategic management is primarily concerned with relating the organization to its environment‚ formulating strategies to adopt to that environment‚ and assuring that implementation of strategies takes place. Strategic management process generally involves four steps: 1. Environmental Scanning 2. Strategy formulation 3. Strategy Implementation 4. Evaluation and control of strategy 1. Environmental Scanning: Environmental scanning deals with finding out the opportunity and threats operating
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with a sound recruitment and selection process. Recruiting and selecting the right employee for a position is important for the long-term benefit of our business. The process of recruiting and selecting employees can be divided into five main steps which are considering the needs of the position and the business‚ building an applicant pool‚ evaluating the applicants‚ making a selection and then‚ hiring and training them. The first step in a recruitment process‚ and maybe the most important‚ is to
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