Exam 2: Strategy and Human Resources Planning

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Qualitative HR forecasting techniques generally employ sophisticated analytical models.

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False

When a firm's resources improve the efficiency or effectiveness of the company,the resources are always considered to be:

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B

A cultural audit can be used to examine the attitudes and expectations of employees.

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The group of employees which has skills that are quite valuable to a company in creating customer value but not particularly unique or difficult to replace is referred to as:

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A competitive environment includes all the following EXCEPT:

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Corporate strategy focuses on domain selection.

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Trend analysis relies on a single factor to predict employment needs.

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The core value of a company:

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Organizational core values form the foundation of a firm's decisions.

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Analysis of external opportunities and threats is _____ step of the strategic management process.

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A Markov analysis can show the percentage of employees who remain in each of a firm's jobs from one year to the next.

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Organizations tend to make long-term commitments to strategic knowledge employees,investing in their continuous training and development,and perhaps giving them an equity stake in the organization.

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Briefly describe the concept of organizational capability.

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​A Markov analysis can be used to track the pattern of employee movements through various jobs.

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Which of the following is NOT a cell of the Balanced Scorecard model?

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Cooperative strategies pursued by firms include:

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Shared values act as a guiding parameter for strategic planning.

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Strategic knowledge workers have:

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In the long run,firms must approach outsourcing decisions based on cost alone to strengthen their core capabilities.

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The first step in strategic planning of a firm involves establishing a mission,vision,and values for the firm.

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