Exam 3: Strategic Human Resource Management and the Hr Scorecard

The sales director at WebMD is developing goals regarding sales revenue targets and the number of new medical-related content providers like hospitals and HMOs it must sign up per year. Which step of the strategic management process is WebMD working on?

Vision statements focus on the .

Translating strategy into action is the essence of the step in the strategic management process.

The of the California Energy Commission is for Californians to have energy choices that are affordable, reliable, diverse, safe, and environmentally acceptable.

Which of the following illustrates a differentiation strategy?

Strategy implementation draws more on the leading management function than on the functions of planning, organizing, staffing, and controlling.

The concept of stretch states that a firm's activities must be tailored to its strategy.)

Wal-Mart differentiates its business by offering the lowest prices. Offering the lowest prices is Wal-Martʹs .

High-performance work organizations are associated with all of the following except .

HR managers need to support corporate productivity and performance improvement efforts.

A vertical integration strategy means that the firm will expand by adding new product lines.

Some strategic planning experts emphasize fit while others support the use of stretch. Explain these two opposing concepts. Which do you think is best?

Winchester Rugs operates a website called ? HYPERLINK "http://www.buyrugsdirect.com/" ?www.buyrugsdirect.com. ?Winchester is following a strategy.

Factors related to employee behavior which affect a company's ability to pursue its strategic plan include all but .

A strategy can also be called a .

What is strategic management? Define the term. List and describe the seven steps in the strategic management process.

K-Mart competes on price, while Target competes on style. K-Mart follows a competitive strategy based on while Target's strategy is based on .

Strategic human resource management means formulating and executing HR systems that produce the employee competencies and behaviors the company needs to achieve its strategic aims.

What is a High-Performance Work System? Explain the effects of such a system.

HR is only involved in the execution of a company's strategic plan.)