Chapter 3 Quiz

The overall approach for how an organization will match internal strengths and weaknesses with external opportunities and threats is​ a(n) _______.

• vision statement

• business model

• strategic plan

• mission statement

What is used to identify a​ business's intended​ course, usually in broad​ terms?

• Strategic goal

• Strategy execution plan

• Business model

• Vision statement

What type of strategic planning would most likely take place at the departmental​ level?

• Functional

• Corporate

• Vertical integration

• Diversification

What type of strategy is being used when a company grows by entering new territorial​ markets?

• Consolidation

• Geographic expansion

• Vertical integration

• Functional

​__________ is the competitive strategy of offering a product or service that is unique in its industry along dimensions that are widely valued by buyers.

• ​Low-cost leadership

• Focus

• Vertical integration

• Differentiation

What is the goal of effective human resource​ strategies?

• To identify areas of differentiation to attract applicants to the organization

• To gain competitive advantage in the recruitment and retention of employees

• To ensure employees have the competencies needed to achieve organizational goals

• To shape functional strategies based on employee competencies

Managers use a​ _______, which includes desktop graphs and​ charts, to see a picture of how a company is doing on all metrics from the HR scorecard process.

• benchmarking system

• digital dashboard

• workforce planning process

• strategy map

One way to compare a​ firm's HR metrics with those of other companies is through the use of​ _______.

• dashboards

• benchmarking

• mapping

• HR audits

What can a firm use to measure how well activities contribute to achieving the​ company's strategic​ aims?

• Strategy-based metrics

• Talent analytics

• Benchmarking services

• Data analytics

Which of the following indicates employees are psychologically involved​ in, connected​ to, and committed to getting their job​ done?

• High-performance work systems

• ​Self-management

• Employee engagement

• Accountability