Exam 3: Human Resource Management Strategy and Analysis

Why is strategic planning important to managers? Explain the importance of setting hierarchical goals.

What is strategic management? List and explain each step in the strategic management process.

Like the scientific method,evidence-based HR management should have all of the following characteristics EXCEPT ________.

Acquiring control of competitors in the same or similar markets with the same or similar products is known as ________.

Explain the difference between a firm's vision and its mission.What role does a firm's vision statement play in corporate and competitive strategies?

High-performance companies are less likely than low-performance companies to invest in costly employee training programs.

The sales director at WebMD is calculating annual sales revenue targets and the number of new medical-related content providers that the firm needs to maintain a competitive advantage.In which step of the strategic management process is the sales director involved?

Which of the following most likely serves as the basis for the HR strategies developed by the majority of firms?

Which of the following best explains the increased success of mergers and acquisitions over the last decade?

Which of the following is used to manage employee performance and to align all employees with the key objectives a firm needs to achieve its strategic goals?

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

Strategic planning expert Michael Porter uses the term ________ to describe how a firm's departmental strategies and competitive aims should align for the greatest impact.

How can HR managers benefit from the use of workforce analytics software and data mining?

Strategy implementation focuses more on translating a mission into goals than on the functions of organizing,staffing,and controlling.

Executives at Hartford Clothing,a retail department store chain,want to find out what products their customers buy,when they purchase products,and what days of the week are most popular for shopping.Executives want to discover customer patterns and make predictions about their customers' buying habits.What would be the most effective tool for Hartford?

Which of the following questions would LEAST likely be answered by the use of workforce analytics software?

Which of the following refers to an analysis by which an organization measures where it currently stands and determines what it has to accomplish to improve its HR functions?

The use of human resource metrics is essential for ________.

MAX Computers manufactures affordable laptops and desktops at its factory in Arizona.MAX has experienced a moderate amount of financial success,but upper management wants the firm to grow at a faster rate and become a bigger player in the highly competitive computer market.The firm's greatest problems relate to its employees.Employee turnover is high--most employees at MAX leave within two years or less of being hired.In addition,the rate of productivity among employees is not as high as executives would like.The vice president of human resources is considering moving MAX towards a high-performance work system. Which of the following questions is most relevant to MAX's decision to move toward a high-performance work system?

The ________ of the California Energy Commission indicates that the organization assesses and acts through public and private partnerships to improve energy systems that promote a strong economy and a healthy environment.