Exam 2: Strategy and Human Resources Planning

Strategic human resource management combines human resource planning and strategic planning.

Identify and briefly describe three strategies that managers frequently use to cope with a labour shortage.

For Microsoft, brand recognition can be classified as a strength in the SWOT analysis.

Which of the following deliberations on the competitive environment generally involves an active role by HR managers?

As part of its strategic planning process, TJX Corporation is involved in a systematic, regular monitoring of major external forces influencing the organization. What is this process called?

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. Which approach could Avie use to forecast demand for its products?

What do we call integrated knowledge sets within an organization that distinguish it from its competitors and deliver value to customers?

Benchmarking is the process of comparing the organization's processes and practices with those of other companies.

National and regional unemployment rates are often considered a general barometer of labour supply.

Trend analysis relies on a single business factor.

Which of the following is a typical activity undertaken by human resource management professionals at the strategy implementation stage?

Which of the following is used in forecasting the demand of labour?

Which of the following is NOT a qualitative approach to demand forecasting?

Attrition and early retirement are means for organizations to reduce excess labour.

Increased emphasis on HR issues becomes especially critical when organizations consider global strategies, relocation of plants, product innovation plans, and so forth.

As part of the SWOT analysis, the internal analyses of the firm would include an analysis of which of the following?

Which of these groups is a secondary stakeholder of an organization?

In unionized firms, layoffs are typically based on performance.

Markov analysis is a systematic monitoring of the major external forces influencing an organization.

Which of the following is the process of identifying, developing, and tracking key individuals so that they may eventually assume top-level positions?