Chapter 2 HR

Which of the following is a strategy made up of retrenchment and liquidation?

Divestment strategy.

During the strategic implementation stage of the strategic management process, an organization

Ensures that it has skilled employee sin place

T/F Companies engaged in a cost strategy require employees to have reduced concern for quantity and a short-term focus.

False

T/F Differentiation companies will have compensation systems that are geared toward internal rather than external equity.

False

T/F The strategy a company is pursuing does not have an impact on the types of employees that it seeks to recruit and select.

False

Companies engaged in a cost strategy require employees to

Have a high concern for quantity

Which of the following is true of one-way linkage?

It precludes the company from considering human resource issues while formulating the strategic plan.

Mission, goals, external analysis, internal analysis, and strategic choices are the five major components of the _____ process.

Strategy formulation

The _____ component of the strategic management process consists of structuring the organization, allocating resources, ensuring that the firm has skilled employees in place, and developing reward systems that align employee behavior with the organization's strategic goals.

Strategy implementation

The basic premise behind strategy implementation is that

choice of organizational processes and structural forms makes an economic difference.