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How external factors affect HRM?

External factors affecting human resource management include whether a competitor is hiring and how many competitors the company has. Both of these situations affect the type of talent and organization attracts.


Who makes strategic decisions in an organization?

Strategic decisions, which affect the long-term direction of the entire company, are typically made by top managers.


Importance of management style in a company?

Management style is crucial in a company as it directly influences employee morale, productivity, and overall organizational culture. An effective management style fosters open communication, encourages collaboration, and empowers employees, leading to higher job satisfaction and retention rates. Additionally, it shapes decision-making processes and can significantly affect a company's adaptability to change and innovation. Ultimately, the right management style aligns with the company's goals and values, driving performance and success.


What risks might a company face if a project is not completed on time?

If a project is not completed on time, a company may face several risks, including financial losses due to increased costs and potential penalties for missed deadlines. Delays can also damage the company’s reputation, leading to a loss of client trust and future business opportunities. Additionally, it can disrupt resource allocation and affect team morale, ultimately hindering overall productivity and performance.


What is a decision-making body in a company?

A decision-making body in a company refers to a group or committee responsible for making significant choices that affect the organization’s direction and operations. This can include the board of directors, executive management teams, or specialized committees focused on areas like finance or strategy. Their decisions often involve resource allocation, policy formulation, and long-term strategic planning, impacting the company's overall performance and success.

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