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This is a Premium Document. Some documents on StuDocu are Premium. Upgrade to Premium to unlock it. Do you want full access? Go Premium and unlock all 20 pages  1.Whatisthefirststepinthestrategicplanningprocess? a.puttingtogetherthehumanresourcemanagementteam b.executingthehumanresourceplan c.establishingthemission,vision,andvaluesoftheorganization d.aligningthehumanresourceplanandthestrategicplan ANSWER:c 2.KramerAthleticEquipmentisplanningthefutureoftheorganization.Inthisprocess,thefirmismakingdecisions suchaswhethertomaintainitscurrentpathasindustryleaderintherunningshoebusiness,orbranchouttoinclude casualfootwear.Inaddition,thecompanyisalsodiscussingthevariousneedsitwillhavefornewstaffifitdoes choosetogoinanewdirection.WhatisKramerAthleticEquipmentdoing? a.strategicplanning b.humanresourcesplanning c.applyingprinciplesofstrategichumanresourcesmanagement d.planningbothitsbusinessneedsanditsHRneeds ANSWER:c 3.OrganizationZisplanningitsfuture.Intheprocess,thefirmismakingdecisionssuchaswhattypeofmarketit wantstobetheleaderinandwhatpathtotaketoachievethisgoal.WhatisOrganizationZdoing? a.strategicplanning b.humanresourcesplanning c.performingaMarkovanalysis d.applyingprinciplesofstrategichumanresourcesmanagement ANSWER:a 4.EldoradoElectronicswantstomovefromthestagnantcalculatorindustryintothesmartphoneindustry.Todoso, however,itwouldhavetomakesignificantchangestoitsapproachtoproductdevelopmentinordertogainanedge inthiscompetitiveindustry.WhatisthesmartestnextstepforEldoradoElectronics? a.ItshouldconsiderhowitsstrategicplanswillaffectitsHRneeds. b.Itshouldengageinhumanresourcesplanning. c.Itshouldapplyprinciplesofstrategichumanresourcesmanagement. d.ItshouldconsiderhowitsstrategicplanswillaffectHRneedsandalsohowitscurrentHRstatuswillaffect itsstrategicplans. ANSWER:d 5.HRplanningrequiresHRmanagerstofocusmoreonanalignmentbetweenHRplansandwhichofthefollowing? a.theorganization’sfinancialstrategy b.theorganization’smarketingposition c.theorganization’sstrategicplan d.thecompetitiveenvironment ANSWER:c CopyrightCengageLearning.PoweredbyCognero.Page1 Name:Class:Date: Chapter2-StrategyandHumanResourcesPlanning Why is this page out of focus?This is a Premium document. Become Premium to read the whole document. Why is this page out of focus?This is a Premium document. Become Premium to read the whole document. Why is this page out of focus?This is a Premium document. Become Premium to read the whole document. Why is this page out of focus?This is a Premium document. Become Premium to read the whole document. Why is this page out of focus?This is a Premium document. Become Premium to read the whole document. Why is this page out of focus?This is a Premium document. Become Premium to read the whole document. Why is systematic monitoring of the major external forces necessary?Systematic monitoring of the major external forces influencing organizations is necessary to improve the management of companies. Failure to consider a company's general and specific business environments may affect the strategies that management will make and use.
In which process does an organization systematically monitor the major external forces affecting its operations?Environmental scanning is a process that systematically surveys and interprets relevant data to identify external opportunities and threats that could influence future decisions.
Which term refers to integrated knowledge sets within a company which set it apart from its competitors and deliver value to its customers?Core competencies are integrated skills and knowledge sets within an organization that distinguish it from its competitors and deliver value to customers.
What is the term for the process of identifying developing and tracking key individuals so that they may eventually assume top level positions?Succession planning is the process of identifying, developing, and tracking key individuals so that they may eventually assume top-level positions.
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The systematic, regular monitoring of major external forces influencing the organization is called:
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