Exam 2: Strategy and Human Resources Planning

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Human resource planning is:

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The Delphi technique:

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Staffing tables provide data on external labor supply sources.

(True/False)
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Trend analysis refers to the use of statistical techniques to plot a historical trend of a business factor.

(True/False)
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FedEx has been very successful in utilizing a differentiation strategy.

(True/False)
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At the fundamental level,a firm's strategy should focus on creating value for:

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​A SWOT analysis helps executives summarize the major facts and forecasts derived from external and internal analyses.

(True/False)
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Cross-training and job rotations are intended to improve the _____ of an organization.

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As companies diversify into new businesses,managers are inevitably faced with a make or _____ decision.

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Strategic human resources management (SHRM)is a combination of strategic planning and HR planning.

(True/False)
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Changes in labor supply can place limits on the strategies available to firms.

(True/False)
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Shared values:

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Talent inventories can be used to develop _____,which list current jobholders.

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Which of the following is NOT an element of organizational growth?

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When the knowledge,skills,and abilities of a firm's human resources are not equally available to its competitors,these resources are considered to be:

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Strategic planning involves a set of procedures for making decisions about an organization's long-term goals and strategies.

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In unionized firms,layoffs are only based on performance.

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The capacity of an organization to continuously act and change in pursuit of sustainable competitive advantage is known as:

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Describe the criteria necessary for firms to achieve sustained competitive advantage through people.

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Describe the basics of SWOT analysis.

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