Exam 2: Strategy and Human Resources Planning

Which of the following is NOT generally considered a component of a firm's competitive environment?

Which of the following best describes the core values of a company?

Forecasting labour supply is an aspect of human resource planning.

Trend analysis is a qualitative approach to labour demand forecasting.

There are two approaches to HR forecasting: quantitative and qualitative.

Explain how the balanced scorecard can be used by HR professionals in measuring a firm's strategic alignment?

What is the most important information obtained from a Markov analysis?

Scenario 2.2 Avie Products Inc. is planning to add a third shift to its production schedule. It currently has 450 workers involved in all aspects of its fertilizer business, best done in Canada. A recent surge in demand from its global customers is driving the need for more workers; however, Simi Meher, the CEO, is concerned that the surge may be temporary, especially in light of the recent economic downturns in the global environment where Avie does business. -Refer to Scenario 2.2. What would assist Avie in determining how many additional workers it would need for the third shift?

Suppliers are secondary stakeholders of an organization.

What do we call reducing the workforce through the departure of employees who resign or retire?

Which term refers to an enthusiastically adopted tool for mapping a firm's strategy in order to ensure strategic alignment?

Which of the following is a typical activity undertaken by human resource management professionals in a SWOT analysis?

Gauging demographic trends is an aspect of the external analysis in a SWOT analysis.

Core capabilities are integrated skills and knowledge sets within an organization that distinguish it from its competitors and deliver value to customers.

Which of the following is a cooperative strategy pursued by firms?

Management forecasts are quantitative measurements of future employment needs.

Which of the following best describes forecasting human resources needs?

In general, contract labour possesses skills and knowledge of less strategic value to the organization than core knowledge workers.

Which of the following best captures the strategic intent of the organization?

Succession planning is the process of identifying, developing, and tracking key individuals so that they may eventually assume top-level positions.