Exam 3: Human Resource Management Strategy and Analysis

All of the following are services that human resource consulting companies,such as Towers Perrin,provide during mergers and acquisitions EXCEPT ________.

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?

A company's ________ strategy identifies the portfolio of businesses that comprise a firm and the ways in which these businesses relate to each other.

Palo Alto software would most likely be used by a manager to ________.

The specific human resource policies and practices used to support a firm's strategic goals are known as human resource strategies.

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

A business-level strategy is implemented by Pizza Hut,Domino's,Papa John's and Little Caesar's in their competition with each other for pizza customers.

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

Strategy is a course of action.

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

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.

The primary tool used by managers who are performing external and internal audits as part of the strategic management process is the ________.

A strategic audit would most likely NOT be used by an HR manager to assess a firm's procedures and practices in regards to employee benefits.

The use of human resource metrics is essential for ________.

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

MAX Computers manufactures affordable laptops and desktops at its factory in Arizona.MAX has experienced a moderate amount of financial success,but upper management wants the firm to grow at a faster rate and become a bigger player in the highly competitive computer market.The firm's greatest problems relate to its employees.Employee turnover is high-most employees at MAX leave within two years or less of being hired.In addition,the rate of productivity among employees is not as high as executives would like.The vice president of human resources is considering moving MAX towards a high-performance work system. Which of the following best supports the argument that MAX should move towards a high-performance work system?

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

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

Goals are initiated by the bottom level of an organization according to the hierarchy of goals approach to strategic planning.

Reese Enterprises seeks to fill upper-level positions internally whenever possible and uses validated selection tests when considering external hires.This most likely suggests the company is developing a ________.