People - HR Strategy

Question 1

Performance management tool that depicts an org. overall performance, as measured against goals, lagging indicators, and leading indicators

Answer 1

Balanced Scorecard

Question 2

What is strategic management?

Answer 2

System of actions that leaders take to drive an org. toward its goals and objectives

Question 3

PESTLE Analysis

Answer 3

Scanning process that searches for environmental forces in political, economic, social, technological, legal, and environmental categories

Question 4

Type of metric describing an activity that can change future performance and predict success in the achievement of strategic goals

Answer 4

Leading indicator

Question 5

Type of metric describing an activity or change in performance that has already occurred

Answer 5

Lagging Indicator

Question 6

What is strategic fit?

Answer 6

State in which an organization’s strategy is consistent with its external opportunities and circumstances and its internal structure, resources and capabilities

Question 7

Description of what an org. hopes to attain and accomplish in the future, which guides it toward that defined direction

Answer 7

Vision Statement

Question 8

Define strategy

Answer 8

Plan of action for accomplishing an organizations overall and long-range goals

Question 9

Beliefs and principles defined by an org. to direct and govern its employees’ behavior

Answer 9

Organizational values

Question 10

Mission Statement

Answer 10

Concise outline of org. strategy, specifying the activities the org. intends to pursue and the course its management has charted for the future

Question 11

Systems Thinking

Answer 11

Process for understanding how seemingly independent units within a larger entity interact with and influence one another