MIE 330 Topic 2

Which is the level of integration at which the human resource management primarily engages in day-to-day activities unrelated to the company's core business needs?

Administrative linkage

A(n) _____ typically charts how a firm will create value for customers and how it will do so profitably.

Business Model

Strategies emphasizing market share or operating costs are considered _____ strategies.

Concentration. With this type of strategy, a company attempts to focus on what it does best within its established markets and can be thought of as 'sticking to its knitting.

CompX Inc. is an online retailer of electronic products, including laptops and tablets. The company is known for its unique approach to customer support, which is known for going above and beyond in satisfying customer complaints and issues. What kind of a strategy is CompX using?

Differentiation

Which of the following primarily examines an organization's operating environment to identify its strategic opportunities and threats?

External Analysis

Which type of strategy attempts to expand a company's resources or to strengthen its market position through acquiring or creating new businesses?

External Growth Strategy

What is one-way linkage?

In one-way linkage, a firm's strategic business planning function develops the strategic plan and then informs the human resource management (HRM) function of the plan.

What is a challenge of downsizing?

It's hard to boost the morale of employees who remain after downsizing.

Which of the following addresses which tasks should be grouped into a particular job?

Job Design

A company where employees are in a constant state of assimilating knowledge through monitoring the environment, making decisions, and flexibly restructuring the company to compete in that environment is known as a _____ organization.

Learning

Jonathan retired from a large, multinational automobile company last year. He receives health care benefits as well as a pension from the company. At present, Jonathan falls under the category of a _____.

Legacy Workforce

Which of the following activities entails specifying those activities and outcomes that will result in the organization successfully implementing the strategy?

Performance Management

External analysis and internal analysis combined constitute the _____.

SWOT Analysis

The process by which a firm attempts to identify job applicants with the necessary knowledge, skills, abilities, and other characteristics that will help the firm achieve its goals is known as _____.

Selection

_____ is a process that primarily addresses the competitive challenges an organization faces.

Strategic Management- managing the 'pattern or plan that integrates an organization's major goals, policies, and action sequences into a cohesive whole.'

During _____, the strategic planning groups decide on a strategic direction by defining the company's mission and goals, its external opportunities and threats, and its internal strengths and weaknesses.

Strategy Formulation

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

Strategy Formulation

A high level of pay relative to that of competitors can ensure that _____.

The company attracts high quality employees

_____ is a planned effort to facilitate the learning of job-related knowledge, skills, and behavior by employees.

Training