MGMT 471 Quiz 1

A company employing a differentiation strategy requires employees who

Are highly creative and cooperative

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

Business Model

When a corporate organization competes through globalization, as opposed to technology, it is likely to put most of its efforts into ______________.

Expansion into foreign markets

An organization's _______ is what it hopes to achieve in the medium- to long-term future, and it reflects how an organization's reason for being is operationalized.

Goal

Which of the following HR competencies focuses on the ability to apply the principles of HR management to contribute to the success of a business?

HR technical expertise

_____ refers to the policies, practices, and systems that influence employees' behavior, attitudes, and performance.

Human Resource Management (HRM)

Which of the following linkages has its human resource management functions built right into the strategy formulation and implementation processes?

Integrative linkages

Which of the following statements is true of the SWOT analysis?

It gives the strategic planning team of an organization all the information it needs to generate a number of strategic alternatives.

The practice of companies having other companies provide services is known as:

Outsourcing

____________ is a process that primarily address the competitive challenges an organization faces.

Strategic management