STRATEGIC HUMAN RESOURCE
MANAGEMENT STUDY GUIDE
QUESTIONS WITH CORRECT ANSWERS
SHRM improves a workforce's ability to perform better & increases the profitability of an organization -
answer ✔✔-What is SHRM (Strategic Human Resource Management)?
All Management decisions & practices that directly affect or influence the people who work for the
organization.
-All functions involved in moving people into, through, & out of organizations. - answer ✔✔-What is
HRM or HR (Human Resource Management)?
HR is all about making more money! - answer ✔✔-How is SHRM different than HRM (Human Resource
Management)?
With sustained competitive advantage but 1 size does not fit all & you have to tailor it to external,
vertical, or horizontal fit. - answer ✔✔-How does SHRM help organizations achieve a competitive
advantage?
Is staying ahead of competitors for a LONG time.
For a sustained competitive advantage they must be: Valuable, Rare, Inimitable, Organized - answer
✔✔-Sustained Competitive Advantage
Sources of value firms will have (EX. Leadership, Brand, Building, Property, Personnel, Reputation,
Product/Service) - answer ✔✔-Sustained Competitive Advantage: Valuable
Something that has value AND is rare (EX. Leadership, Brand, Personnel, Reputation) - answer ✔✔-
Sustained Competitive Advantage: Rare
MANAGEMENT STUDY GUIDE
QUESTIONS WITH CORRECT ANSWERS
SHRM improves a workforce's ability to perform better & increases the profitability of an organization -
answer ✔✔-What is SHRM (Strategic Human Resource Management)?
All Management decisions & practices that directly affect or influence the people who work for the
organization.
-All functions involved in moving people into, through, & out of organizations. - answer ✔✔-What is
HRM or HR (Human Resource Management)?
HR is all about making more money! - answer ✔✔-How is SHRM different than HRM (Human Resource
Management)?
With sustained competitive advantage but 1 size does not fit all & you have to tailor it to external,
vertical, or horizontal fit. - answer ✔✔-How does SHRM help organizations achieve a competitive
advantage?
Is staying ahead of competitors for a LONG time.
For a sustained competitive advantage they must be: Valuable, Rare, Inimitable, Organized - answer
✔✔-Sustained Competitive Advantage
Sources of value firms will have (EX. Leadership, Brand, Building, Property, Personnel, Reputation,
Product/Service) - answer ✔✔-Sustained Competitive Advantage: Valuable
Something that has value AND is rare (EX. Leadership, Brand, Personnel, Reputation) - answer ✔✔-
Sustained Competitive Advantage: Rare
