Exam 3: Strategic Human Resource Management and the Hr Scorecard

Managers engage in three levels of strategic planning.

Consolidation keeps the company's strategy up to date by assessing progress toward strategic goals and taking corrective action as needed.

is the process of assessing progress toward strategic goals and taking corrective action as needed.

Formulating a strategic plan is the final step in the basic model of how to align HR strategy and actions with business strategy.

Cost leadership, differentiation, and focus strategies all types of corporate-level strategy.

Mission statements tend to focus on past successes.

Krispy Kreme Doughnuts plans to open stores in Europe in the coming months. This is an example of .

Which of the following questions addresses the "develop detailed HR scorecard measures" step of the basic model for aligning HR strategy and actions with business strategy?

Leveraging resources by supplementing what a company has and doing more with what it has to take advantage of an opportunity means that the company has a point of view.

A answers the question, "how do we get from here to there?"

McDonald's addressed its lagging profitability by first closing stores operating below its guidelines. McDonald's used a consolidation strategy.

A serves to communicate who a company is and what it does.

Michael Porter emphasizes that all a firm's activities should be tailored to its strategy by ensuring that a firm's functional strategies support its corporate and competitive strategies. This is called .

Low-performance companies are less likely to have a formalized human resource plan for recruitment, development, and succession.

FedEx's acquisition of Kinko's is a corporate-level strategic move.

Explain the three levels of strategic planning. What is the purpose or focus for each level? Which level do HR strategies represent?

Which of the following questions addresses the "formulate HR strategic policies and activities" step of the basic model for aligning HR strategy and actions with business strategy?

Gateway is closing its retail stores nationwide to reduce its company size. This is an example of a strategy.

A strategy implies that the firm will expand by adding new product lines.

The of the California Energy Commission is to assess and act through public and private partnerships to improve energy systems that promote a strong economy and a healthy environment.