Exam 2: Strategic HR Management and Planning

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________________ is the assessment of internal and external conditions that affect the organization.

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Which of the following is TRUE in forming HR strategy?

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The balanced scorecard approach focuses on financial and economic measures rather than less tangible and more difficult to quantify concepts such as institutional knowledge.

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FreeFormPress has experienced a significant increase in the number of magazines it publishes.But,FreeForm is concerned that several of its existing clients may leave at the end of their current contracts.Rather than hiring additional permanent employees to handle the new clients,all of the following options would be a potential solution for the talent shortage EXCEPT

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The collective value of the competencies,knowledge and skill of the employees in the organization is known as the organization's

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In mergers and acquisitions,the HR planning process begins with

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Which of the following has been a geographic trend within the last decade that has forced changes in HR plans?

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ModernMade Textiles has successfully used a piece-rate compensation plan in its U.S.plants for decades.The motivational effect of compensation policies is similar from one culture to another,so this compensation system can be implemented in new plants ModernMade plans to open in Vietnam and South Korea as long as it is adapted to the local rates of pay.

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Georgiana,the vice president of HR in an Ohio-based firm,is in a meeting with the other top level corporate executives.They are discussing whether it is a good strategy for the firm to open a branch in Amsterdam.In her role as head of HR,Georgiana must

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A polycentric approach to international staffing reduces mistakes due to lack of understanding of the host-country's culture.

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ROI is the organization's

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A drawback of HR benchmarking is that the results do not shed light on the reason for discrepancies between the organization's benchmarking ratios and the ratios of the organizations to which it is being compared.

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Typically,the largest controllable expense in the organization involves

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Paula is the vice president for HR of PrairieBelle Foods.It has just acquired Mountain Mills.Paula will oversee considerable layoffs as the company lays off redundant employees.In considering HR planning for the next year,Paula knows to be prepared for

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Perspectivo,Inc.,is a company that is growing rapidly both in sales and in numbers of employees.The culture of the firm is informal and highly-collaborative.The employees are highly psychologically invested in the success of the organization and tend to subordinate their personal lives to the organization's needs.Perspectivo is acquiring Vanishing Point,a smaller company in the same industry that has a traditional,formal culture in which there is a clear separation of work and non-work,and employees tend to "leave work at work." In order to change the culture of Vanishing Point to be more like the Perspectivo culture,HR should do all of the following EXCEPT

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