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SHRM-CP PEOPLE Questions - Part 2
1. A small publishing firm believes that it is too small to benefit from strategic planning. WhichΒ short-term benefit is the best choice forΒ HR to use inΒ influencing leaders to begin the strategic planning process?
A) Identifying conflicts of interest
B) Allocating resources more effectively
C) Improving employee satisfaction and morale
D) Increasing corporate social responsibility
2. At what stage of the strategic planning process is a SWOT analysis performed?
A) Implementation
B) Development
C) Revision
D) Formulation
3. An organization hires only experienced people who tend to stay with the organization at least five years. Where would this information be identified in a SWOT analysis?
A) Weakness
B) Threat
C) Strength
D) Opportunity
4. Which type of information might be discovered during the external portion of an environmental scan?
A) Turnover cost
B) Competitive threats
C) Profit margins
D) Unethical practices
5. Which part of the SWOT analysis identifies the core competencies of a global enterprise?
A) Opportunities and threats
B) Weaknesses and opportunities
C) Strengths and threats
D) Strengths and weaknesses
A) Identifying conflicts of interest
B) Allocating resources more effectively
C) Improving employee satisfaction and morale
D) Increasing corporate social responsibility
2. At what stage of the strategic planning process is a SWOT analysis performed?
A) Implementation
B) Development
C) Revision
D) Formulation
3. An organization hires only experienced people who tend to stay with the organization at least five years. Where would this information be identified in a SWOT analysis?
A) Weakness
B) Threat
C) Strength
D) Opportunity
4. Which type of information might be discovered during the external portion of an environmental scan?
A) Turnover cost
B) Competitive threats
C) Profit margins
D) Unethical practices
5. Which part of the SWOT analysis identifies the core competencies of a global enterprise?
A) Opportunities and threats
B) Weaknesses and opportunities
C) Strengths and threats
D) Strengths and weaknesses
1. Right Answer: B
Explanation: The strongest reason for senior management to engage in the strategic planning process is a more focused allocation of resources and potentially increased profitability. Strategy does not necessarily result in increased engagement or corporate social responsibility. Strategy Formulation
2. Right Answer: D
Explanation: The strengths, weaknesses, opportunities, and threats (SWOT) analysis is done during the strategy formulation stage to test the advisability of different potential strategies.
3. Right Answer: C
Explanation: An organization completes a SWOT analysis to analyze internal strengths and weaknesses and external threats and opportunities. The organization's experienced, loyal workforce would be considered a strength.
4. Right Answer: B
Explanation: An environmental scan identifies and interprets data external and internal to the organization. Competitive threats are an example of a factor in the organization's external environment. The remaining factors affect the performance of the organization but are part of its internal environment.
5. Right Answer: D
Explanation: Strengths and weaknesses refer to the internal environment. Competitive compensation and benefits could be a strength, and lack of diversity in managerial positions could be a weakness. Opportunities and threats come from the external environment.
Explanation: The strongest reason for senior management to engage in the strategic planning process is a more focused allocation of resources and potentially increased profitability. Strategy does not necessarily result in increased engagement or corporate social responsibility. Strategy Formulation
2. Right Answer: D
Explanation: The strengths, weaknesses, opportunities, and threats (SWOT) analysis is done during the strategy formulation stage to test the advisability of different potential strategies.
3. Right Answer: C
Explanation: An organization completes a SWOT analysis to analyze internal strengths and weaknesses and external threats and opportunities. The organization's experienced, loyal workforce would be considered a strength.
4. Right Answer: B
Explanation: An environmental scan identifies and interprets data external and internal to the organization. Competitive threats are an example of a factor in the organization's external environment. The remaining factors affect the performance of the organization but are part of its internal environment.
5. Right Answer: D
Explanation: Strengths and weaknesses refer to the internal environment. Competitive compensation and benefits could be a strength, and lack of diversity in managerial positions could be a weakness. Opportunities and threats come from the external environment.
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