MGT310: HRM Memo Assignment Date: 01/07/14 To: HRM Students From: Dr.

Kendra Reed Subject: Instructions for Assignment #1: HRM Memo Attachment: 1! Memo format tem"#ate 1. Purpose: $%e "ur"ose of t%is assignment to engage &ou in understanding HRM and "ractice t%e #ogica# organi'ation of information (ia t%e memo format re)uired for t%is c#ass. *. ac!groun": Management is t%e accom"#is%ment of organi'ationa# goa#s effecti(e#& and efficient#& in a d&namic and com"etiti(e en(ironment t%roug% ot%ers using four functions. $%e +ot%ers, inc#ude t%e "eo"#e t%at -or. for or -it% an organi'ation and are referred to as +%uman resources,. $%e modern #a/e# of %uman resources ref#ects t%e increasing (a#ue %uman ta#ents add to t%e +/ottom0#ine,. Human resource management inc#udes t%e actions an organi'ation ta.es to ma1imi'e t%e im"act of ta#ent on an organi'ation2s resu#ts and its com"etiti(e ad(antage. 3# Research $uestions: In(estigate and res"ond to t%e fo##o-ing %i&e 'uestions using different %i&e sources at #east one "er )uestions!. Inc#ude &our sources as attac%ments to &our memo and refer to t%e source at t%e end of t%e memo section. A#so3 on &our sources3 underline/%ig%#ig%t t%e information &ou used to ans-er t%e )uestions. 1! 4%at are +%uman resources,5 4%& #a/e# t%em +resources, instead of em"#o&ees or "eo"#e5 4%at resources do %umans offer an organi'ation5 *! 4%at is management5 4%at is %uman resource management5 6inancia# management5 7"erations management5 Mar.eting management5 4%at are t%ree simi#arities and t%ree differences -it% t%ese t&"es of managements5 8! 4%at is a com"etiti(e ad(antage5 4%at t&"es are t%ere5 4%at t%e t%ree criteria )ua#ifies somet%ing as a com"etiti(e5 4! Ho- can %uman resources "ro(ide a com"etiti(e ad(antage for an organi'ation5 Ho- do t%e& meet t%e criteria5 4%at t&"e of com"etiti(e ad(antage do t%e& "ro(ide5 9i(e s"ecific e1am"#es. :! 4%at ro#es does HRM %a(e in creating/faci#itating a com"etiti(e ad(antage t%roug% %uman resource5 9i(e s"ecific e1am"#es. 4. (utput Format# 4rite a "rofessiona# memo to me -it% &our resu#ts. ;se t%e memo format "ro(ided in attac%ment 1!3 /ut &ou must insert &our o-n tit#es/information -%ere t%e -ords are ita#ici'ed. <our memo cannot e1ceed * "ages not inc#uding attac%ments!3 -it% no #ess t%an 11 "oint font and .: inc% margins. :. Points. $%is assignment is -ort% *0 "oints001= for content and * for format. >. Action Re'uire". ?om"#ete t%is assignment according to t%e a/o(e instructions3 and gi(e me t%e com"#eted assignment on or /efore $uesda&3 01/14/143 *:00 ".m. ?ontact me -it% an& )uestions in c#ass3 during office %ours3 or (ia kreed@loyno.edu or >8004800:=1> inc#ude &our name in emai# or te1t!.

HRM M ) M (
Date: $o: 6rom: Su/Aect: Attac%ment: 01/1>/14 Dr. Kendra Reed @aige 7-ens Human Resource Management 1! Human Resource Management /& K#eiman *! ?om"etiti(e Ad(antage t%roug% @eo"#e /& @feffer 8! BusinessDictionar&.com 4! Human Resource Management: 9aining ?om"etiti(e Ad(antage :! Annua# Cditions #:

1. @ur"ose. $%e "ur"ose of t%is memo is to dis"#a& m& understanding of %uman resource management in a memo format. *. Human Resources. Human ca"a/i#ities a#igned -it% organi'ationa# goa#s. Cm"#o&ee "erformance t%at su""orts organi'ationa# "erformance. $%e&2re #a/e#ed resources /ecause com"anies use t%eir em"#o&ees2 .no-#edge3 s.i##s3 a/i#ities3 and e1"eriences to ac%ie(e organi'ationa# goa#s. $%ose s.i##s3 .no-#edge3 e1"erience3 and a/i#ities are t%e resources. 8. Management. Management is getting organi'ationa# goa#s done t%roug% ot%er "eo"#e and ot%er resources. 9enera##& management is o(er a -%o#e s&stem series of sma##er de"artments3 -%ic% are descri/ed /e#o-3 t%at need to /e managed /ecause t%e different de"artments need to -or. toget%er %armonious#& to ac%ie(e t%e com"an&2s o(era## goa#s. a. 7"erations Management $%e design3 e1ecution3 and contro# of o"erations t%at con(ert resources into "roducts and ser(ices and im"#ement t%e com"an&2s strateg&. Attac%ment 8! /. 6inancia# Management $%e "#anning3 directing3 monitoring3 organi'ing3 and contro##ing of t%e monetar& resources of an organi'ation. 7rgani'ations .ee" documents and forms of t%e mone& t%e& recei(e and s"end in order to determine -%ere mone& can /e s"ent to in(est in ne- resources or -%ere t%e com"an& ma& need to ma.e cuts. c. Mar.eting Management $%e a""#ication3 trac.ing3 and re(ie- of a com"an&2s strateg& to im"ro(e sa#es and /rand a-areness resources and acti(ities. $%e sco"e of a /usinessD mar.eting management de"ends on t%e si'e of t%e /usiness and t%e industr& in -%ic% t%e /usiness o"erates. Cffecti(e mar.eting management -i## use a com"an&Ds resources to increase its customer /ase3 im"ro(e customer o"inions of t%e com"an&Ds "roducts and ser(ices3 and increase t%e com"an&Ds "ercei(ed (a#ue. Attac%ment 8! d. Human Resource Management Human resources are met%ods used /& organi'ations to efficient#& manage t%e #a/or3 materia#s3 time3 information3 and mone& to get "roAects and goa#s accom"#is%ed. @o#icies3 "ractices3 and s&stems t%at inf#uence em"#o&ees2 /e%a(ior attitudes3 and "erformance. Attac%ment 4! 4. ?om"are and ?ontrast. ?om"aring and contrasting HRM -it% ot%er t&"es of management can %e#" c#arif& HRM. a. ?om"are. A## four t&"es are management are simi#ar t%e fo##o-ing four -a&s: 1! Goa* A## four t&"es of management tr& to ac%ie(e t%e same t%ing3 an o(era## "rofit for t%e com"an&. *! Human Resources $%e& a## need HR to ac%ie(e t%ese goa#s. 8! )ngage" )mp*o+ees $%e& need engaged em"#o&ees. Cngaged em"#o&ees are a com"etiti(e ad(antage. Attac%ment :! 4! HR Management HRM is needed t%roug%out a## of t%e de"artments. /. ?ontrast. $%e four t&"es of management differ in t%e t%ree -a&s: 1! ,ature o% Resources Cac% t&"e of management focuses on a different t&"e of resources in -or.ing to ac%ie(e t%e goa#. $%e concentration of different resources de"ends on t%e organi'ationa# goa# and strateg&. A## resource must /e coordinated to -or. toget%er s&nergistica##&. *! -nterna* &s# ).terna* Some de"artments dea# -it% t%e "roduct or ser(ice interna##& and some dea# -it% t%e "roduct or ser(ice e1terna##&. 8! :. ?om"etiti(e Ad(antage 4%en a com"an& %as t%e u""er %and on com"etitors. It2s doing or %a(ing somet%ing t%at "uts a com"an& a%ead of com"etitors. Attac%ment *!

a. $&"es of ?om"etiti(e Ad(antage 1.Differntiation of "roduct or ser(ice *.Cconomies of Sca#e 8.Mar.et E mono"o#& 4.Access to mone& and resources :.@eo"#e good HR! /. ?riteria for a ?om"etiti(e Ad(antage. In order for somet%ing to )ua#if& for a com"etiti(e ad(antage3 t%ree criteria must /e met: 1! It %as to %a(e a c%aracteristic of (a#ue to t%e organi'ation2s aim and o/Aecti(es. *! It %as to /e different from com"etitors. 8! Difficu#t for com"etitors to co"&. c. HRs as a ?om"etiti(e Ad(antage. A %uman is on#& a resource if it adds some .ind of (a#ue to t%e organi'ation2s fina# goa# or im"ro(es t%e organi'ation2s "erformance. Because %umans are a## different com"anies -ant t%e /est /ecause good %uman resources can2t /e co"ied and com"etitors can2t %a(e t%em /ecause t%e a#read& -or. for a certain com"an&. >. HRM and ?om"etiti(e Ad(antage (ia HRs. B& %a(ing t%e /est resources t%at -or. toget%er -e## t%e com"an& t%ri(es. 6or e1am"#e 9oog#e %as /een deemed one of t%e /est "#aces to -or. and is (er& successfu# in t%e /usiness -or#d toda& /ecause t%e& %a(e "eo"#e -%o #o(e t%eir Ao/ and are good at doing it in an efficient -a&. 7. Ref#ection. I t%in. t%is course -i## not on#& %e#" me #oo.ing at /usinesses as an o(era## organi'ation t%at needs to -or. toget%er in a## de"artment areas /ut %e#" me #earn a/out m&se#f and get me to see "eo"#e different#&. =. Fecessar& Action. @#ease re(ie- t%is memo for com"#eteness and accurac&3 ma.e suggestions for im"ro(ement and "ro(ide an& ot%er feed/ac. t%at -i## %e#" in t%e successfu# com"#etions of t%is "roAect. ?ontact me -it% an& )uestions at
@aige 7-ens0 @aigemo-ensGgmai#.com