Chapter 1 The Strategic Role of Human Resources Management BUSI1250 – Human Resources Management I Instructor: SA Herrmann KWANTLEN POLYTECHNIC UNIVERSITY RICHMOND SURREY CLOVERDALE LANGLEY Learning Objectives After this lecture you should be able to: • Articulate the role and importance of human resources management (HRM). • Explain the importance of strategic HR and its impact on the bottom line. • Identify and discuss environmental issues on HRM. • Describe the challenges
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Homework #1 (each 4 points) 1. At his death in 1790‚ Benjamin Franklin left 1‚000 pounds each to the cities of Boston and Philadelphia on the condition that they would not touch the money for 100 years. Boston’s bequest‚ which was equivalent to about $4‚600‚ had ballooned to $332‚000 by 1890. a. Determine the equivalent annual rate of return between 1790 and 1890. b. If the city of Boston had left this bequest in a fund earning 5% per year between 1890 and 1990‚ what would have been the value of
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In the world of science‚ the scientific method is used to ask and answer questions through observation and experiments. In terms of business‚ the scientific method can be used to evaluate different concepts concerning management‚ marketing and other aspects of business. Similar to the science side there must be a research goal‚ a model must be formulated‚ data must be gathered and there must be an evaluation to determine the validity of the data‚ which then must be accepted or changes made. …the
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ORGANIZATIONAL THEORY – STUDY LIST – KEY CONCEPTS PART ONE: INTRODUCTION TO ORGANIZATIONS CHAPTER ONE – ORGANIZATIONS AND ORGANIZATIONAL THEORY - Administrative principles: closed system management perspective that focuses on the total organization and grows from the insight of practitioners - Bureaucratic organizations: organization design based on clearly defined authority and responsibility‚ formal record keeping and uniform application if standard rules - Change strategy: a plan to
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Developmental 561 DUE: March 31st‚ 2011 Questions for DEV BIOL 561: These questions will serve as your attendance for today and as your March problem set. Use your notes and books to answer the questions below. You are not to work in groups! 1. Explain the Tetralogy of Fallot and its major defects. Also explain how each defect may cause abnormal heart functions. A congenital malformation of the heart characterized by a defect in the ventricular septum‚ misplacement of the origin of the
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A contract -is a legal agreement that occurs between two or more parties. It can be a written or spoken agreement that can concern employment‚ sales‚ or tenancy. Parties or members involved‚ enter voluntarily into this agreement. Every contracts involve two persons they are the: Offeror and Offeree. The offeror is the one who offers to enter into a contract and the Offeree is the one to whom the contract is being offered Elements of a contract: Agreement‚ Lawful object‚ consideration and contractual
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CONTRACTS CONTRACT a meeting of minds between 2 persons whereby one binds himself‚ with respect to the other‚ to give something or to render some service (ARTICLE 1305) GENERAL PROVISIONS (Arts. 1305-1317) Distinguish an ordinary Contract: a.) from a Contract of marriage b.) from an obligation c.) from an imperfect promise d.) from a pact e.) from a stipulation a.) from a Contract of marriage ORDINARY CONTRACT 1. The parties may be 2 or more persons of same or different genders
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Classification of Contracts (7 – 1.30) Simple and formal contracts A formal contract is a written contract (such as a deed). A simple contract can be entirely orally or a combination of oral and written. Bilateral Contract: exchange of promise – one promise for another (a promisee’s promise in return for the promisor’s promise or vice versa) o Union Dominions Trust (Commercial) Ltd v Eagle Aircraft Services Ltd [1968] 1 All ER 104 at 108‚ Lord Diplock Unilateral Contract: A one way
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BUSI 642- Individual Policy Manual Michael Matheis February 18‚ 2015 Liberty University Abstract This employee policy and adherence to it is vital to organizational operation in a variety of aspects. Informing employees of the company’s policies creates a productive and safe work environment for the benefit of the employee as well as protect the company from a variety of potential lawsuits that may arise from noncompliance. The policy is part of the process of hiring and can be overlooked
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CONTRACTS Stages in the life of a contract: 1. Preparation/Generation 2. Perfection/Birth 3. Consummation/Death Characteristics of Contracts: (ROMA) 1. Relativity (Art. 1311) 2. Obligatoriness & Consensuality (Art. 1315) 3. Mutuality (Art. 1308) 4. Autonomy (Art. 1306) Stipulation pour Autrui - stipulation in favor of a 3rd party. Requisites: 1. The stipulation must be part‚ not whole of the contract; 2. the contracting parties must have clearly and deliberately conferred
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