The entire process of formulating and implementing strategies to accomplish long-term goals and sustain competitive advantage is referred to as: ... strategic analysis .
Which of the following involves formulating and executing human resource policies and practices that produce the employee competencies and behaviors the company needs to achieve its strategic aims?
Explanation: Strategic human resource management is the term for formulating and executing human resource policies and practices that produce the employee competencies and behaviors the company needs to achieve its strategic aims.
Which of the following includes the planning and decision making that lead to the establishment of the firm’s goals and of a specific strategic plan?
Strategy implementation includes the planning and decision making that lead to the establishment of the firm’s goals.
Which of these is an example of a strategic question at the corporate strategy level quizlet?
An example of a strategic question at the corporate level is: “ In what industries and markets should we compete? ” All of the following are retrenchment strategies EXCEPT: diversification.
Which of these is an example of a strategic question at the corporate strategy level?
The strategic question at the corporate strategy level is: In what industries and markets should we compete? going to compete for customers within this industry and in this market ? the function to support implementation of the business strategy?
What is frequently used tool to relevant information on positive and negative aspects of the company and environment?
SWOT analysis (or SWOT matrix) is a strategic planning technique used to help a person or organization identify strengths, weaknesses, opportunities, and threats related to business competition or project planning.
What tool might be best used to assess recruitment effectiveness?
Time to fill is one of the most common recruitment statistics companies monitor to determine the effectiveness of their recruiting process. This metric can be tracked in various ways such as time from search kickoff to accepted offer or hours spent on each requisition.
What are the five steps in the strategic planning process?
- Determine your strategic position.
- Prioritize your objectives.
- Develop a strategic plan.
- Execute and manage your plan.
- Review and revise the plan.
What are functional area strategies?
A functional strategy is the approach a business functional takes to achieve corporate and business unit objectives and strategies by maximizing resource productivity . ... A functional strategy helps set objectives that guide the optimum allocation of resources among different business functions.
What are strategic goals and objectives?
A goal is a broad primary outcome. A strategy is the approach you take to achieve a goal . An objective is a measurable step you take to achieve a strategy.
What is the second most important step in the control process?
The second step of process of control is to measure the actual performance in the same terms in which standards have been established . Accurate and timely measurement of results requires effective system of reporting. The quantitative measurement should be done in cases where standards have been set in numerical terms.
What are the three levels of strategy used in organizations?
- Corporate level strategy: This level answers the foundational question of what you want to achieve. ...
- Business unit level strategy: This level focuses on how you’re going to compete. ...
- Market level strategy: This strategy level focuses on how you’re going to grow.
What is Strategy Implementation quizlet?
It is the phase in the strategic management process in which management aligns or matches leadership, organizational culture, organizational structures, reward systems and resource allocation with the chosen strategies. ...
What are the four strategic questions?
- What is your current share position in the market?
- What is the core strength that your brand can win on?
- How tightly connected is your consumer to your brand?
- What is the current business situation that your brand faces?
What are some examples of corporate strategies?
- Cross-sell more products. ...
- Most innovative product or service. ...
- Grow sales from new products. ...
- Improve customer service. ...
- Cornering a young market. ...
- Product differentiation. ...
- Pricing strategies. ...
- Technological advantage.
What is corporate level strategy and why it is important?
Corporate-level strategies help companies to select new strategic positions — positions that are expected to increase the firm’s value. Firms use corporate-level strategies as a means to grow revenues and profits, but there can be additional strategic intents to growth.
