Exam 2: Strategy and Human Resources Planning

A disadvantage of overemphasizing seniority is that less competent employees receive the same rewards and security as more competent employees.

Internal analysis provides strategic decision makers with an inventory of organizational skills and resources.

What is the difference between trend analysis and management forecasts?

SWOT analysis includes the strengths only for strategy formulation purposes.

Human resources planning (HRP) is the conducting of recruitment and selection methods according to a strategic plan.

Organization Y is a unionized textiles manufacturing company that is downsizing. What will Organization Y most likely use when deciding whom to lay off first?

In what way can HR best help ensure that a strategic alliance or joint venture goes smoothly in the beginning?

The mission statement of an organization is a description of the organization's vision and values.

What is the relationship between human resource planning and strategic human resource management?

Value creation is what the firm adds to a product or service by virtue of making it; it's the amount of benefits provided by the product or service once the costs of making it are subtracted.

A cultural audit may examine how people are empowered.

Which statement best describes the skills of core employees?

Internal fit (or alignment) means that HR practices are aligned with one another in a mutually reinforcing configuration.

On the entrance to Mac Pencils' factory are the words "to provide the world with high-quality and dependable pencils." What is this an example of?

What is values-based hiring?

Decisions about employee layoffs are usually based on seniority and/or performance.

Forecasting may be as informal as having one person familiar with the organization anticipate HR needs.

A cultural audit asks questions such as "What is the ethnic make-up of my workforce?"

XYZ Corporation wants to track the percentage and actual number of employees who remain in each of the firm's job from one year to the next. Which of the following would XYZ Corporation benefit from?

Which of the following is included in an external analysis of an organization in a SWOT analysis?