Chapter 2 Flashcards
What is the definition of organizational strategy?
The strategy an organization follows is its proposition for identifying how to compete successfully and thereby survive and grow.
Why should HR be involved in strategic initiatives throughout an organization?
HR should be involved in developing and implementing strategic initiatives throughout the organization to align individual employee performance with the organization’s strategic objectives.
What is the outcome of strategic planning?
Strategic planning is a core business process that results in a road map of organizational direction.
What must organizational leaders understand and deal with in their environment?
Organization leaders must understand and deal with a VUCA (Volatility, Uncertainty, Complexity, and Ambiguity) environment.
What does the triple bottom line approach focus on?
The triple bottom line approach focuses on people, profits, and the planet.
hat does strategic HR management involve?
Strategic HR management refers to the use of practices to gain or keep a competitive advantage by aligning individual employee performance with the organization’s strategic objectives.
What does environmental scanning help identify?
Environmental scanning helps pinpoint strengths, weaknesses, opportunities, and threats that the organization will face during the planning horizon.
What may HR functions involve in the context of global strategies?
HR functions may involve merging organizational and HR strategies with offshoring and global staffing strategies.
What is the focus of HR planning?
HR planning must identify the demand for people and the supply of individuals available.
How can a talent surplus be managed?
Managing a talent surplus may require reducing work hours, downsizing through use of attrition and hiring freezes, implementing voluntary separation programs, and downsizing the workforce.
How can a talent shortage be addressed?
Managing a talent shortage may be addressed through overtime, reducing turnover, using contingent workers, and outsourcing.
What role does HR play in mergers and acquisitions?
HR plays a crucial role in mergers and acquisitions, particularly in dealing with integration and organizational culture issues.
How should HR effectiveness be measured?
HR effectiveness must be measured using HR metrics that consider both strategic and operational effectiveness.
Why are HR analytics becoming increasingly important to organization leaders?
HR analytics are becoming increasingly important to organization leaders for data-driven decision-making.
What are the purposes of benchmarking and HR audits?
Benchmarking allows an organization to compare its practices against best practices in different organizations, and HR audits can be used to get a comprehensive overview of HR activities.
