Exam 3: The Manager's Role in Strategic Human Resource Management

Formulating and executing human resource policies and practices that produce the employee competencies and behaviors a company needs to achieve its strategic aims is known as ________.

Strategy implementation focuses more on translating a mission into goals than on the functions of organizing,staffing,and controlling.

Human resource strategies are the ________ used to support a firm's strategic goals.

Companies like Ferrari are known as ________ because they carve out a market niche and compete by providing a product that customers can attain in no other way.

A firm's functional strategies identify the broad activities that each ________ will pursue in order to help the firm accomplish its competitive goals.

Which of the following audits is used by HR managers to determine whether a firm is adhering to relevant laws and regulations?

Employers adjust HR strategies and policies during significant changes in the economic and financial markets,such as recessions.

The ________ of the California Energy Commission indicates that the organization assesses and acts through public and private partnerships to improve energy systems that promote a strong economy and a healthy environment.

The purpose of the marketing plan that is included within a business plan is to ________.

The 2008 announcement by Starbucks that it would be closing approximately 600 of its stores suggests the firm was using a ________ strategy.

All of the following practices are most likely implemented by companies with high-performance work systems EXCEPT ________.

Which of the following provides a comprehensive view of both a firm's current situation and its goals for the next 3 to 5 years?

The basic steps in the management planning process include setting objectives,determining alternative courses of action,and evaluating which options are best.

According to studies,combining high-performance HR practices with modern technology most likely leads to increases in all of the following areas EXCEPT ________.

McDonald's addressed its lagging profitability by first closing stores operating below its guidelines.McDonald's used a consolidation strategy.

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

What is strategic management? List and explain each step in the strategic management process.

Strategic planning expert Michael Porter uses the term ________ to describe how a firm's departmental strategies and competitive aims should align for the greatest impact.

Strategic planning primarily benefits a firm's managers by ________.

A(n)________ is a firm's method for matching its internal strengths and weaknesses with external opportunities and threats to maintain a competitive advantage.