Exam 2: Strategy-Driven Human Resource Management

Founders of the organization and others who have made outstanding contributions to the company are considered to be a part of which artifact?

__________ is the measure of the financial return we receive because of something that we do to invest in our organization or its people.

The written objective "to introduce 12 new computers to the market" is missing which recommended criteria?

A company following the differentiator strategy will affect HRM because of the need to keep employee costs down.

The jobs in the Acme Global Corporation are very standardized.Each job has a clear job description, and there are many policies, procedures, and rules for employees to follow.This creation of a routine way of doing jobs suggests that Acme Global has a high degree of _________ in its structure.

A powerful vision combined with a well-identified mission work together to create:

What three components make up organizational structure?

Acme Global sent 100 workers to training to decrease defects on the assembly line.In the past year, there have been 2,000 defective products created at a cost of $100 each.In the year following training, only 1,000 defective products were created.Training cost $100 per worker.What is the ROI on the training?

Brian recommends that the organization focus on selling its products to people aged 65 and older.Brian is recommending the ________ strategy.

__________ is a statement laying out our expectation of what we are going to do in order to become the organization that we have envisioned.

The availability of recruits and employees for an organization has an effect on its performance.

Centralization of decision making tends to create greater control within an organization because the few decision makers become very skilled at determining the best course of action in a particular situation.

Resources or products from suppliers can be affected by external forces, such as natural disasters.

The Acme Global Corporation recently won a bid to provide a large number of widgets for a government contract.To complete the order, the organization will need to order more raw materials.This will require that the organization recognize the influence of _______ in the external environment on the organization.

__________ is the measure of profits that remain after the cost of capital has been deducted from operating profits.

What is organizational culture?

In the early days of Apple, managers would constantly relate to employees how the company was formed in a garage in Cupertino, California, to instill a sense of being different from large competitor corporations.This is an example of how culture is transferred through:

Acme Global has endeavored to drive out all unnecessary business expenses in their steel industry operations.Acme Global is likely following a _________ strategy.

What are the basic steps in designing an organizational strategy? Describe each of the steps in some detail.

The vision statement of an organization provides a focus point for the future.