Exam 2: Strategy-Driven Human Resource Management

What strategy is being used when a company chooses to pay attention only to a specific portion of a larger market?

Because in today's business world,worldwide industries have more competition and more capability than ever before,it is more difficult to create a sustainable competitive advantage.

The balanced scorecard says that measurement of a company's success using purely financial measure is not sufficient.

Acme Global Corporation created an application that allows customers to send in orders quickly and easily.Since rolling out the new app,orders have increased by 20 percent.This represents the influence of _______ in the external environment on the organization.

Competitive strategies and strategic planning principles are a modern,contemporary approach to business management.

During periods of inflation,businesses experience decreased costs.

What major external business force has changed the way and the speed at which an organization conducts and transacts business?

The Acme Global Corporation is asking questions like "what will the organization look like in 10 years?" and "what is the vision of the organization?" From these questions,it is clear that Acme Global is trying to answer which of the following major strategic question?

Which major external business force requires organizations to continually improve their products to create value?

_____________is a powerful force in controlling how people behave within its boundaries.

Sara and Dan are working on a statement for a start-up organic farm.One statement reads: "To become the southeast region's number one choice for supplying organically-grown fruits and vegetables." Sara and Dan are writing:

The Board of Directors,voted into office by the shareholders,is involved in the day-to-day operations of the firm.

Acme Global hired a director of safety to help the organization ensure proper compliance with the Occupational Safety and Health Act.This represents the influence of _______ in the external environment on the organization.

It is not always necessary to take the economy into account when performing strategic planning activities.

As an organization grows larger,the decision-making process speeds up.

What measurement tool determines the profits that remain after the cost of capital has been deducted from operating profits?

HRM is an important strategic business function that influences the performance of _______.

An employee could look at a(n) __________ to identify a company's chain of command.

Unless their employees are comfortable with ever-changing technology,today's organizations will not be able to compete in the 21st century business world.

Partnerships with which major external business force most affect firm performance?