OBHR 401 DAY 5

Question 1

Hirsch’s Free Agency

Answer 1

Focuses on Insulation
1. be loyal to yourself
2. Emotionally inculate
3. Be on Guard
4. Cultivate networks
5. Maintain high visibility
6. Maintain generality
7. Keep your bags packed (skills that travel)

Question 2

What are the factors inter-firm movement of talent has effects on?

Answer 2

• Individual performance
• Firm Founding and Firm Survival
• Industry Growth
• innovativeness and Diversification
• Competitive Advantage

Question 3

The Risky Business of Hiring Stars – What happened in the study?

Answer 3

It showed that the performance of star investment bankers declined as they moved to a firm smaller than their current firm. This is caused by the team change that allows them to operate as the star

Question 4

What are the different forms of human capital?

Answer 4

1. General Management of Human Capital.
2. Strategic Human Capital
3. Industry Human Capital
4. Firm specific Human Capital
5. External Human Capital
6. Internal Human Capital

Question 5

What is the general manager of human capital?

Answer 5

Controlling, budgeting, planning, and problem-solving. Human, technical, and financial resources

Question 6

What is strategic human capital?

Answer 6

specific strategy skills gained from experience, downsizing, new ventures, growth

Question 7

Industry Human Capital?

Answer 7

technical, customer, and regulatory knowledge tied to a specific industry

Question 8

Firm-specific human capital?

Answer 8

knowledge specific to a particular organization, its systems, routines, and procedures

Question 9

External human capital?

Answer 9

network outside the organization in the relevant external sector

Question 10

internal human capital?

Answer 10

network inside the organization

Question 11

What are the forms of human capital known to increase profitability?

Answer 11

• general management human capital
• external social capital
• strategic human capital

Question 12

Which forms of human capital is known to decrease profitability

Answer 12

• internal social capital
• firm-specific human capital

Question 13

What is a Business Model?

Answer 13

Industry factors of competition (value, price, and costs)

Question 14

What is organizational capability?

Answer 14

Routines and processes

Question 15

What are distinctive competencies?

Answer 15

what organizations do exceptionally well compared to its competitors

Question 16

What are core competencies?

Answer 16

attributes that get things done