The tool that allows employers to quantify and computerize the strategy maps activities is the

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Terms in this set (25)

​"Employees must comply with all safety rules and​ regulations" is an example of​ a(n) ________.

policy

​"If an employee feels they have been asked to perform an unsafe​ act, they should immediately report it to their supervisor. If the supervisor has requested the unsafe​ action, or is not immediately​ available, the employee should immediately report the request to the Human Resource​ department" is an example of​ a(n) ________.

procedure

​A(n) ________ shows how the company will move from its current position to its desired state

strategic plan

What is strategic​ management?

The process of identifying and executing the​ organization's strategic plan by matching the​ company's capabilities with the demands of its environment

ABC Industries is evaluating its product​ lines, where they sell their​ products, and how their products differ from their competitors. ABC Industries is at what step in the strategic planning​ process?

Asking, "Where are we​ now?"

Reviewing whether the company is heading in the right direction given the challenges it faces is which step in the strategic management​ process?

Analyzing​ strengths, weaknesses,​ opportunities, and threats​ (SWOT)

Reviewing the​ economic, competitive, and political trends that may affect the company occurs at which step in the strategic management​ process?

Analyzing strengths, weaknesses, opportunities, and threats (SWOT)

A vision statement is usually created at which step in the strategic management​ process?

Determining the new business direction

Which of the following is a general statement of the​ company's intended​ direction?

Vision statement

Expanding the company by adding new and different product lines is a​ ________.

diversification strategy

A company that provides products at the lowest possible price is employing which competitive​ strategy?

Cost leadership

ABC Industries promotes itself as a company that guarantees​ on-time delivery. What type of competitive strategy is it​ using?

Differentiation

Executing strategic HR management plans and achieving HR goals depends mostly on​ ________.

having the right mix of employee competencies and behaviors

Which is the tool that summarizes how each​ department's performance contributes to the​ company's overall strategic​ goals?

Strategy map

The tool that allows employers to quantify and computerize the strategy​ map's activities is the​ ________.

HR scorecard

What is the tool that quantifies relationships between HR​ activities, the resulting employee​ behaviors, and the resulting​ company-wide performance?

HR scorecard

Measuring how the company is doing in relation to other companies is called​ ________.

benchmarking

​"Achieving 100% employee​ testing" is an example of​ a(n) ________.

strategy-based metric

Comparing the​ on-the-job success of employees from different colleges is an example of​ ________.

Workforce analytics

The process of reviewing the​ company's HR function and ensuring the company is adhering to​ regulations, laws, and company policies using a checklist is​ a(n) ________.

HR audit

The use of​ data, facts,​ analytics, scientific​ rigor, critical​ evaluation, and critically evaluated​ research/cases studies to support HR​ proposals, decisions,​ practices, and conclusions is called​ ________.

evidence-based human resource management

Providing more training than other companies in the industry is an example of​ a(n) ________.

high-performance work system

Managerial actions that can foster employee engagement include​ ________.

making sure employees get a sense of accomplishment from working at the company

One important early step in​ Kia's new employee engagement strategy was​ ________.

instituting a new employee development program

The quantitative gauge of a human resource management activity such as employee​ turnover, hours of training per​ employee, or qualified applicant per position is known as​ ________.

HR metrics

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Which type of strategy identifies how do you build and strengthen a business unit's long term position in the marketplace?

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