WGU c235 Training and Development Latest 2022 Graded A+

Human Capital The knowledge, competency, and motivation that resides in the HR of an organization Buy or Build Decisions The decision orgs face relating to investments in selecting new employees vs. investments in training and development of current HR Human Resource Management (HRM) The entire set of activities used by an organization to align its human capitla with organizational objectives and strategies Orientation First training program a new employee encounters, designed to clarify expectations, policies, and the business model, organization culture, and so forth. Longer versions of this are known as on-boarding Resource-based View (RBV) A view that envisions organizations as bundles of resources, such as people, capital, plant, and equipment Competitive Advantage The ability to provide a product or service to a paying customer in a way that cannot be easily matched by a competitor Intangible Resources As opposed to tangible resources (such as plant and equipment), these resources are difficult to quantify and to copy. Examples include tacit knowledge of employees, informal networking systems, intellectual property, and certain organizational capabilities such as short product development cycle times Human Capital Examples include tacit knowledge, education and experience, work related know how