Chapter 2

Question 1

Strategic Planning

Answer 1

Procedure for long-term goals and strategies

Question 2

Human Resource Planning

Answer 2

Anticipating and planning for the movement of people

Question 3

Strategic Human Resource Management

Answer 3

the pattern and activities that enable an organization to achieve its strategic goals

Question 4

Strategy Formulation

Answer 4

Input with what is possible given the types and # of people

Question 5

Strategy Implementation

Answer 5

resource allocation decisions related to structure, processes, and human capital

Question 6

Mission, Values, and Vision

Answer 6

The basic purpose of operations

Question 7

Environmental Scanning

Answer 7

The systematic monitoring of the major external factors influencing the organization

Question 8

Mapping Human Capital

Answer 8

Hiring people internally (central skills) and externally (skills that are not central)

Question 9

Forecasting Demand (employer approach)

Answer 9

Using analysis to predict customers’ future demand for goods or services

Question 10

Forecasting demands a quantitative approach

Answer 10

1. How many workers in the future
2. Trend analysis (demand depending on business cycle
3. Sales, Interest Rates, Income

Question 11

Forecasting Supply