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Terms in this set (58)Which of the following should be true in order for human resource managers to be integrally involved in the company's strategic management process? (They should set the organization's strategic goals. They should poll employees about their support for the specifics of the strategic plan. They should have input into the strategic plan in terms of people-related issues. They should support the process only if employees already possess the needed skills and behaviors.) They should have input into the strategic plan in terms of people-related issues. A business model is a story of how a company will create value for who while making profit? customers
Which strategic decision is a company addressing when it decides to compete on reliability instead of cost and delivery? how to compete Which of the following labor-related factors made General Motors uncompetitive? (Select all that apply.) (a shortage of skilled workers its health care costs the cost of its legacy workforce an uncompetitive average hourly wage) (its health care costs. the cost of its legacy workforce.) Which of the following are integrated when an organization formulates a strategic plan? major goals. In practice, which of the following are typical ways in which HRM can influence the strategic management process? (Select all that apply.) (by helping consider how to gain or develop the necessary human resources by determining the costs of people-related resources for successful implementation by advising where the firm should compete in implementing its strategy by limiting strategic options) by helping consider how to gain or develop the necessary human resources. by determining the costs of people-related resources for successful implementation. by limiting strategic options The strategic management process includes which of the following components? (Select all that apply.) (human resource management strategy formulation strategy implementation strategic control phase) strategy formulation. Which are types of linkages that exist between the HRM function and the strategic management function in an organization? (Select all that apply.) (two-way two-way. In order to gain the greatest effectiveness, a company's HRM function needs to be integrally involved in the company's strategic management process Which of the following are strategic issues that a company must consider when deciding how to achieve its mission and goals in a competitive environment? (Select all that apply.) (where to compete where to compete. At the ______ level of integration, the HRM department has no influence on a company's strategic business planning function. administrative The former workers who no longer work for a company but to whom the company still owes pensions and other financial obligations are referred to as the company's legacy workforce. True or false: The best strategic issue through which HRM can influence the strategic management process is that of "where to compete." false The strategic management decision-making process typically originates with which group in an organization? top executives When a firm's strategic business planners develop the strategic plan before revealing it to the HRM department, there exists a(n) ______ linkage. one-way linkage Which of the following should be true in order for human resource managers to be integrally involved in the company's strategic management process? (They should support the process only if employees already possess the needed skills and behaviors. They should poll employees about their support for the specifics of the strategic plan. They should have input into the strategic plan in terms of people-related issues. They should set the organization's strategic goals.) They should have input into the strategic plan in terms of people-related issues. When an organization sets goals, it defines how its mission will be ______. operationalized At which level of integration is the attention of the HRM function focused solely on the day-to-day activities of a firm? administrative Which of the following are examples of opportunities or threats that might be identified in an external analysis? (Select all that apply.) (unserved customer segments already available financial resources pending legislation potential labor shortages) (unserved customer segments. pending legislation. potential labor shortages) Which of the following labor-related factors made General Motors uncompetitive? (Select all that apply.) (the cost of its legacy workforce an uncompetitive average hourly wage its health care costs a shortage of skilled workers) (the cost of its legacy workforce. its health care costs.) In practice, which of the following are typical ways in which HRM can influence the strategic management process? (Select all that apply.) (by limiting strategic options by helping consider how to gain or develop the necessary human resources by advising where the firm should compete in implementing its strategy by determining the costs of people-related resources for successful implementation) (by limiting strategic options by helping consider how to gain or develop the necessary human resources by determining the costs of people-related resources for successful implementation) The danger of one-way linkage is that the resulting strategic plans cannot be successfully implemented Which of the following would be considered during an internal analysis? (potential labor shortages available opportunities to pursue new customers available human resources available financial resources available technological resources) (Things to consider during an internal analysis are ones that are inside a company. available human resources available financial resources available technological resources) While profit-making companies set various goals, their overarching goal is most often to maximize stockholder wealth When an organization examines its operating environment to identify strategic opportunities and threats, it conducts an external analysis Ultimately, the choices an organization makes when implementing a strategy are important because they make an economic difference Which of the following are important for establishing a company's strategy foundation? (Select all that apply.) (individuals must possess critical skills competition must not exist tasks must be accomplished in pursuit of goals employees must be motivated) (individuals must possess critical skills tasks must be accomplished in pursuit of goals employees must be motivated) The statement, "a complex set of values, beliefs, assumptions, and symbols that define the way in which a firm conducts its business," refers to? organizational culture Which of the following is a model that categorizes the major operational functions of an organization according to their capabilities? value chain Which of the following are among the menus of HRM practices associated with strategy implementation? (Select all that apply.) (transportation job analysis recruitment pay structure training and development) (job analysis recruitment pay structure training and development) The process of gathering detailed information about particular jobs is known as ______. job analysis An organization improves its chances of delivering value to customers when its what values align with the customer value. cultural values Organizations use a value chain to determine which of the following? (which aspect of the business will create the most customer value which type of organizational culture to adopt which market segments to compete in which capability needs to be world class) (which aspect of the business will create the most customer value. which capability needs to be world class) Job analysis and design, recruitment and selection, and training and development are all types of what management practice? HRM resource The process of determining what tasks should be grouped into a particular job is known as job design When a company adopts a new strategy, which of the following are often integrated into job design? (Select all that apply.) (new tasks new ways of performing old tasks new technologies new safety measures for old occupations) (new tasks. new ways of performing old tasks. new technologies) During recruitment, an organization seeks applicants ______. (who will respond to rewards so that competitors won't hire them first that will adhere to the company's demands without complaint for potential employment) (potential employment Employee ______ describes the acquiring of knowledge, skills, and behavior in the service of meeting the challenges of existing or nonexistent jobs. development o align employees' activities and outcomes with organizational objectives, companies use performance management As part of strategy implementation, an essential element is the acquisition of ______ skills. strategy-related Employee ______ refers to a planned effort to facilitate the learning of job-related skills and knowledge. training Similarities in the ways companies attempt to compete within a single industry are known as generic strategies The behaviors required of a person who holds a certain job in a certain social work environment are known as role behavior Which of the following are likely aspects of an "internal growth" strategy? (Select all that apply.) (market development innovation determining operating costs joint ventures) market development When an organization is pursuing an external growth strategy, it will attempt to ______ or integrate vertically or horizontally. diversify When an organization pursues a(n) ______ strategy, it is attempting to focus on what it does best in its established markets concentration attempts to build on existing strengths by channeling its resources, such as product development, in that direction. internal growth strategy Which of the following are typically part of an "external growth" strategy? (Select all that apply.) (promoting the right employees acquisitions training employees mergers) (acquisitions. mergers.) To align employees' activities and outcomes with organizational objectives, companies use performance management An organization that pursues a(n) ______ strategy attempts to pare down its operations, usually because of serious economic difficulties. divestment When pursuing a concentration strategy, a company emphasizes which of the following? (joint ventures product development maintaining skill levels retaining skilled staff) (maintaining skill levels retaining skilled staff) Which of the following statements
is true concerning company downsizing? (It tends to exceed company financial objectives. As a company strategy, it is sometimes called "rightsizing." It tends to positively affect employee productivity. It tends to improve employee morale.) (As a company strategy, it is sometimes called "rightsizing.") The strategies comprising what organizations actually do as opposed to what they intend to do are known as ______ strategies. emergent Mergers rarely live up to expectations as a result of ______ issues, according to a report by the Conference Board. people The main component that serves as the "raw material" for a learning organization is ultimately the people During the dot-com craze of the 1990s, organizations used which of the following tactics to attract talented employees? (Select all that apply.) (trying to become "employers of choice" enacting longer-term employment contracts offering hourly pay rather than stock options developing "employee value propositions") (trying to become "employers of choice" developing "employee value propositions") result from proactive decisions made through the rational decision-making process used by managers developing the organization's strategic plan. Intended strategies Organizations that emphasize monitoring the business environment, absorbing and using that information to make decisions and restructuring themselves to compete in the environment they exist in, are known as learning organization Sets with similar termsHR Management Ch. 243 terms brandee_m_wilson MGMT 304 CH216 terms tylima HR chapter 317 terms kelseybel HURM EXAM 154 terms troth4 Sets found in the same folderChapter 2: Strategic HRM43 terms jorie_mitchell MGMT Exam 145 terms sarahfagan6 Other sets by this creatorChapter 1224 terms astong2424 Chapter 1024 terms astong2424 Chapter 9: Microbial Genetics48 terms astong2424 Chapter 849 terms astong2424 Recommended textbook solutions Human Resource Management15th EditionJohn David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine 249 solutions Human Resource Management15th EditionJohn David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine 249 solutions Information Technology Project Management: Providing Measurable Organizational Value5th EditionJack T. Marchewka 346 solutions Information Technology Project Management: Providing Measurable Organizational Value5th EditionJack T. Marchewka 346 solutions Other Quizlet setsWorld History Final Study Guide115 terms laurenbrill Lec 47 Schmitty boi: SINGLE GENE DISORDERS TWO23 terms howard_yu5 qbm chapter 1023 terms Farrah_MuwallaPLUS OB Test 2 Group Dynamic and Decison Making Part 121 terms amelie_christman Related questionsQUESTION A Probability and Impact Matrix contains risks prioritized according to their potential implications for meeting the project's objectives. The typical approach is: 4 answers QUESTION True or False: Recruiting includes attracting enough qualified applicants for a job opening. 10 answers QUESTION The innovation dilemma known as building capabilities versus collaborating refers to: 15 answers QUESTION A method of classifying investigative approaches into testimonial evidence, documentary evidence, physical evidence, and personal observations is referred to as the: 15 answers What element of an organization is defined as a complex set of values beliefs assumptions and symbols that define the way in which a firm conducts its business?Culture is the set of values, beliefs, assumptions, and symbols that shape the way in which a firm conducts its business and how it interacts with its key stakeholders. As such, culture underlies all other organizational elements of a firm.
Which of the following components are included in the strategic management process quizlet?The strategic management process has six major components:. Establishment of mission, vision, and goals.. Analysis of external opportunities and threats.. Analysis of internal strengths and weaknesses.. SWOT (strengths, weaknesses, opportunities, and threats) analysis and strategy formulation.. Strategy implementation.. What term describes the process of determining what tasks should be grouped into a particular job?Job analysis is the process of studying a job to determine which activities and responsibilities it includes, its relative importance to other jobs, the qualifications necessary for performance of the job and the conditions under which the work is performed.
At which level of integration is the attention of the HRM function focused solely on the day to day activities of a firm quizlet?The HRM function's attention is focused on day-to-day activities (lowest level of integration). The firm's strategic business planning function develops the strategic plan and then informs the HRM function of the plan.
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What element of an organization is defined as a complex set of values beliefs assumptions and symbols that define the way in which a firm conducts its business quizlet?
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