1. During a strategic planning meeting, the planning team develops its three- to five-year objectives. Which is the primary value of setting such objectives?
A) The objectives provide focus and direction for the organization. B) The mission and vision can be crafted to support those objectives. C) Employees will know what values and behaviors the organization expects. D) There is limited value; the time frame is too far out to be practical.
2. Which activity is a logical part of an environmental scan?
A) Review of internal salary survey data B) Analysis of the organization's labor contract C) Analysis of minority employees in the organization D) Analysis of local and state unemployment rates
3. Strategy Development While developing the HR function's business plan, an HR manager is informed that organizational budget constraints have led to an organization-wide hiring freeze. The manager has also been told to plan for at least one major round of workforce reductions. Which would be a reasonable objective for the coming year's business plan for HR?
A) Training all HR personnel in the termination process B) Postponing a planned health-care project until the next year C) Contracting out development of a planned supervisory training program D) Developing an RFP and conducting a search to outsource the termination process
4. Which business strategy is being used when a global furniture company varies its sofa fabrics and dimensions to fit local market tastes while using standardized manufacturing methods?
A) Benchmark manufacturing B) Competitive advantage C) Product differentiation D) Localization production
5. Which term best describes organizational compatibility with external and internal environments related to the goals and values the organization chooses and the resources and capabilities that can be deployed?
A) Performance strategy B) Competitive advantage C) Business performance D) Strategic fit
1. Right Answer: A Explanation: You can write comment
2. Right Answer: D Explanation: You can write comment
3. Right Answer: A Explanation: You can write comment
4. Right Answer: C Explanation: You can write comment
5. Right Answer: D Explanation: You can write comment
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