Exam 3: Human Resource Management Strategy and Analysis

Human resource practices, such as hiring based on selection tests, pay raises based on work performance, and training provided to new and experienced employees, contribute to a company's ability to achieve high-performance levels.

Which of the following strategies identifies the broad activities that each department will pursue in order to help a business attain its competitive goals?

Which of the following terms refers to the quantitative measure of a human resource management yardstick such as employee turnover or qualified applicants per position?

A vertical integration strategy means that a firm will expand by adding new product lines.

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?

Which of the following is the final step in the strategic human resource management process?

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?

A diversification corporate strategy implies that a firm will ________.

An HR manager conducting an HR audit on compensation would most likely search for ________.

In a brief essay, explain how the strategy map, the HR scorecard, and the digital dashboard are used in strategic human resource management.

Sweet Leaf Tea, a Texas-based maker of bottled iced tea, is a small but fast-growing firm that has gained a loyal following for its use of fresh, organic ingredients in its beverages. Although beverage industry experts recommended that Sweet Leaf replace the organic cane sugar and honey it uses with less costly high-fructose corn syrup, Sweet Leaf refused because of the company's mission to provide a high-quality, organic beverage to consumers. The 11-year old company has 50 employees, and its products are available in 30% of the U.S. market. Sweet Leaf Tea recently received multi-million dollar investments which will enable the business to expand its national presence. Which of the following, if true, would best support the argument that Sweet Leaf Tea should implement a corporate-level strategy of concentration?

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

Benchmarking involves analyzing the demographic make-up of an organization over a specific period to determine the overall diversity of the firm.

All of the following are services that human resource consulting companies provide during mergers and acquisitions EXCEPT ________.

The primary purpose of implementing high-performance practices such as recruiting, screening, and training is to ________.

________ defines the nature of the company's business in terms of how it will match its internal strengths and weaknesses with its external opportunities and threats in order to maintain a competitive position.

Which of the following refers to a process for assigning financial and nonfinancial goals to the HR management-related chain of activities required for achieving the company's strategic aims and for monitoring results?

All of the following are steps involved in the strategic management process EXCEPT ________.

John wants his shoe store to adopt the strategy of having the lowest prices on shoes in town. John is adopting which competitive strategy?

A high-performance work system is a tool that quantifies the relationship between HR activities, employee behaviors, and firm performance.