Exam 2: Strategic Training

Compared to ten years ago, organizations are less focused now on creating a learning and training brand.

From a strategic perspective, "diversify the learning portfolio" refers to providing strategic diversity training to enhance a company's competitive advantage.

Companies adopting a ________ strategy need to train employees in job-search skills and focus on cross-training their remaining employees.

A centralized training function not only hampers the streamlining of processes but also denies the company a cost advantage in purchasing training from vendors.

Describe the human capital requirements for fortresses, baseball teams, clubs, and academies.

Kitty Merriweather, a product manager working in a manufacturing firm, is highly anxious about change. When the top management of Merriweather's firm made it mandatory for all product managers to undergo training, she told her superior that she would be uncomfortable doing so. She added that she was certain of not being able to cope with the new developments. In this instance, Kitty is demonstrating

Job-based employees are likely to receive less training than knowledge-based employees.

Companies pursuing an external growth strategy typically focus on human capital issues to enhance efficiency.

Outsourcing allows a company to focus better on its business strategy by saving cost and time.

For companies in an unstable or recessionary business environment, training programs focus more on correcting skill deficiencies rather than preparing staff for new assignments.

Companies that emphasize innovation and creativity are labeled as ________.

Internal analysis involves identifying opportunities and threats.

Explicit knowledge is thought to have a stronger impact on helping organizations achieve a competitive advantage than tacit knowledge.

Paycor's redesign of its training from face-to-face to blended learning was provided as an example of which of the following strategic training initiatives?

Uniqueness refers to employee potential to improve company effectiveness and efficiency.

When companies are trying to revitalize and redirect, earnings may be flat, and there are likely fewer incentives for participation in training programs.

The first step in the strategic training and development process is to identify metrics to determine if training will be successful.

Define balanced scorecard. What are the four perspectives it considers? Provide examples of metrics used to measure them.

What are the advantages and disadvantages of a centralized training function?

The strategic training and development process begins with ________.