Exam 3: Human Resource Strategy and Analysis

How do firms use workforce analytics and data mining to evaluate HR practices?

Marriott Hotels is considering the acquisition of a furniture-making business.What type of strategy is Marriott most likely pursuing?

Winchester Rugs operates a website called www.buyrugsdirect.com,so Winchester Rugs is most likely implementing a strategy of ________.

Which of the following terms refers to a set of human resource management policies and practices that promote organizational effectiveness?

HR scorecards present managers with desktop graphs and charts of how a firm's HR strategies compare to those of other firms in the same industry.

Which of the following best describes the general purpose of a strategic plan?

Sweet Leaf Tea,a Texas-based maker of bottled iced tea,is a small but fast-growing firm that has gained a loyal following for its use of fresh,organic ingredients in its beverages.Although beverage industry experts recommended that Sweet Leaf replace the organic cane sugar and honey it uses with less costly high-fructose corn syrup,Sweet Leaf refused because of the company's mission to provide a high-quality,organic beverage to consumers.The 11-year-old company has 50 employees,and its products are available in 30% of the U.S.market.Sweet Leaf Tea recently received multimillion dollar investments,which will enable the business to expand its national presence. Which of the following,if TRUE,best supports the idea that Sweet Leaf Tea has implemented a competitive strategy of differentiation?

Which of the following is a simple guide used to compile relevant information about economic,competitive,and political trends that may affect a firm?

What is the first step in the strategic management process?

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 questions is most relevant to MAX's decision to move toward a high-performance work system?

Which term refers to any factors that allow a firm to differentiate its product or service from those of its competitors to increase market share?

Which of the following is NOT an organizational outcome discovered from studies conducted on employee engagement?

Which term refers to the set of activities used to find new,hidden,or unexpected patterns in data?

A team of managers has been assigned the task of developing and implementing a strategic plan using the strategic management process.The team has already defined the current business and mission.What should the team most likely do next?

Firms that open facilities overseas are implementing a functional strategy of geographic expansion.

Starbucks announced that it will be closing approximately 600 of its stores.This information suggests the firm is most likely using a(n)________ strategy.

Strategic human resource management means formulating and executing HR systems that produce the employee competencies and behaviors the company needs to achieve its strategic aims.

A firm that expands by producing its own raw materials or acquiring a retail outlet to sell its own products is most likely using a strategy of ________.

An HR specialist conducting a compliance audit should most likely have a solid understanding of ________.

By emphasizing the safety of its cars,Volvo stands out as an example of a firm that is implementing a differentiation strategy.