SHRM SCP EXAM STUDY GUIDE WITH COMPLETE SOLUTIONS

SHRM SCP EXAM STUDY GUIDE WITH COMPLETE SOLUTIONS SMART - Answer-Specific, Measurable, Attainable, Relevant, Timebound Extraterritoriality - Answer-Extends the power of a country's laws over it citizens outside that country's sovereign national boundaries. Porter's "Five Forces" - Answer-Framework was originally designed to identify industries that were likely to be profitable and would provide a roi. Threat of substitution, entry, bargaining power of suppliers, bargaining power of buyers, rivalry among competitors( influenced by all 4) Schein's Lauer of Culture - Answer-Basic assumptions (implicit culture), norms and values, artifacts and products (explicit culture) Due process - Answer-Concept that laws are enforced through accepted, codified procedures Histogram - Answer-Graphically depicts the sorting of data into groups arranged in the shape of a statistical distribution, showing a central tendency and dispersion around that tendency. EMILLECT 2024/2025 ACADEMIC YEAR ©2024 EMILLECT. ALL RIGHTS RESERVED. FIRST PUBLISH OCTOBER 2024. Page 2/13 Scatter Diagram - Answer-Plots data points against two variables that form the chart's x and y axes. Each axis is scaled. The pattern formed by the plotted data describes the correlation between the two variables. Rule of Law - Answer-No individual is beyond the reach of the law and the authority is exercised only in accordance with written and publicly disclosed laws Alliances, partnerships and acquisitions - Answer-Which growth strategy is commonly used to accelerate path to globalization? Impoverished Manager - Answer-Detached from the team process, forcing the team to struggle on its own. The impoverished manager is committed to nether task nor people. Part of Blake-Mouton's behavioral leadership theory. Leader-member relations - Answer-Refers to the degree of confidence, trust, and respect that followers have in their leadership. Environmental Scanning - Answer-Process that systematically surveys and interprets relevant data, such as economic trends, to identify external opportunities and threats. This process is conducted to assess how these factors affect the organization currently and how they will affect the organization in the future Strategic alliance - Answer-Is a formal agreement between two or more companies to collaborate resources but not equity. Create synergy based on the partners' strengths and technical capabilities. EMILLECT 2024/2025 ACADEMIC YEAR ©2024 EMILLECT. ALL RIGHTS RESERVED. FIRST PUBLISH OCTOBER 2024. Page 3/13 Joint Venture - Answer-An agreement between two or more partners to create a new economic entity. Both contribute to equity and share in revenues, expenses and control Yield Ratio - Answer-Calculated at various stages in recruitment as well as at the end. Example is qualified applicants/total applicants Assessment Centers - Answer-A method of evaluating candidates who are presented with content-valid workplace situations to which they respond and who are then evaluated on their responses Geocentric - Answer-approach ignores nationality in favor of ability and seeks the best people for key jobs. Staffing policies in an organization with a geocentric focus maximize the long-term strength of the global organization Managerial Estimates - Answer-Consist of projections made by the managers. This works in two ways: from the down or the bottom up. The success of this method is entirely dependent upon the quality of info provided to managers to use in making estimates a Best of Breed - Answer-IT solutions each support different HR function, multiple vendors are necessary to manager multiple HR functions. Risk Register - Answer-Documents risks that been identified, assessments, management strategy, and individuals responsible for implementing and monitoring the strategy. While it may include information about key risks indicators that signal increasing risk, it is not a process used to identify these indicators. Help create transparency and accountability. EMILLECT 2024/2025 ACADEMIC YEAR ©2024 EMILLECT. ALL RIGHTS RESERVED. FIRST PUBLISH OCTOBER 2024. Page 4/13 Personal networks and social capital - Answer-Are the informal knowledge management system within the global organization. Does not depend on computer application but on personal networks and associations. Delphi Method - Answer-Used to avoid "group think" therefore members never meet. The group members take turns presenting forecasts until a composite emerges 4T's - Answer-Travel, teams, training and transfers. Strategies for creating a global mindset and enhancing multicultural awareness of leaders and senior management Process Measures - Answer-Assess "how we did, what went well, what didn't and why?" Result Measures - Answer-Assess the difference it made to the orga