Exam 2: Strategy and Human Resources Planning

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The first step in strategic planning is establishing a mission,vision,and values for the organization.

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Human resources planning is:

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Layoff decisions are frequently based on:

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Describe the three key elements of the HR Forecasting model.

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

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Integrated knowledge sets within an organization that distinguish it from its competitors and deliver value to customers are known as:

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

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Multiple predictive techniques used to predict employment needs could include all of the following factors except:

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With respect to forecasting,which of the following is NOT a critical element of planning?

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The competitive environment includes all the following except:

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The order of employee layoffs is usually based on seniority and/or ability.

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Shared values act as a guiding parameter for strategic planning.

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A cultural audit may examine the attitudes and expectations of the employees.

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Benchmarking identifies the best practices in a given area and establishes them as performance standards.

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____ is the process of identifying,developing,and tracking key individuals for executive positions.

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In the telephone industry,mobile phones and VOIP (Voice-over-the Internet Protocol)are examples of ____________ for traditional firms.

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At the fundamental level,strategy focuses on creating ____ value.

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A strategic vision provides the strong and enduring beliefs and principles that the company uses as a foundation for its decisions.

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Strategic knowledge workers:

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Internal analysis provides strategic decision makers with an inventory of organizational skills and resources.

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