Strategic Human Resources Planning Flashcards
1 - 20 Strategy
The formulation of organizational objectives, scopes, and action plans for gaining an advantage.
1 - 20 Emergent Strategy
The plan that changes incrementally due to environmental changes.
1 - 20 Intended Strategy
The formulated plan.
1 - 20 Realized Strategy
The implemented plan.
1 - 20 Corporate Strategy
Organizational-level decisions that focus on long-term survival.
1 - 20 Turnaround Strategy
An attempt to increase the viability of an organization.
1 - 20 Divestiture
The sale of a division or part of an organization.
1 - 20 Liquidation
The termination of a business and the sale of its assets.
1 - 20 Bankruptcy
A formal procedure in which an appointed trustee in bankruptcy takes possession of a business’s assets and disposes of them in an orderly fashion.
1 - 20 Acquisition
The purchase of one company by another.
1 - 20 Merger
Two organizations combine resouces and become one.
1 - 20 Business Strategy
Plans to build a competitve focus in one line of business.
1 - 20 Mission Statement
An articulation of the purpose of the organization and the value it creates for customers.
1 - 20 Vision Statement
The basic beliefs that govern individual and group behaviour in an organization.
1 - 20 Competitive Advantage
The characteristics of a firm that enable it to earn higher rates of profit than its competitors.
1 - 20 Capabilities
A complex combination of people and processes that represent the firm’s capacity to exploit resources that have been specially integrated to achieve the desired result.
1 - 20 Dynamic Capabilities
The ability to adapt and renew competencies in accordance with changing business environment
1 - 20 Value Proposition
A statement of the fundamental benefits of the products or services being offered in the marketplace.
1 - 20 Strategic Implementations
The process by which a strategy is put into action.
30 - 45 Strategic HRM
Interrelated philosophies, policies, and practices that facilitate the attainment of organizational strategy.
30 - 45 Human Capital
The sum of employees’ knowledge, skills, experience, and commitment invested in the organization.
55 - 70 Environment Scanning
Systematic monitoring of trends affecting the organization.
55 - 70 Competitive Intelligence
A formal approach to obtain information about competitors.
55 - 70 Demographics
The study of population statistics.