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UNIT – I Lesson 1 HRM – AN OVERVIEW Lesson Outline Nature of ...

UNIT – I Lesson 1 HRM – AN OVERVIEW Lesson Outline Nature of ...

UNIT – I Lesson 1 HRM – AN OVERVIEW Lesson Outline Nature of ...

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1. Its objectives are manifold. They are societal, organizational, functional and<br />

personal objectives each objective having functions.<br />

2. Scope-Acquisition, Development, Maintenance & control. Functions are<br />

managerial and operative. See the functions from the chart in the lesson.<br />

3. PM and <strong>HRM</strong> differences <strong>–</strong> see 8 points <strong>of</strong> differences listed in this lesson.<br />

4. Strategy formulation <strong>–</strong>SWOT analysis <strong>–</strong> <strong>HRM</strong> is linked with corporate<br />

strategic management <strong>–</strong> Strength & weaknesses <strong>of</strong> HR could be transmitted<br />

by <strong>HRM</strong> to the management for strategy formulation.

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