BADM 313 Exam 1 – Study Guide, Key Concepts & Practice Questions Review
What is HR's reputation? - correct answer ✔✔-Boxes to check
-Administrative
-Not aligned with core business activities
How does HR get justified internally? (not just overhead) - correct answer ✔✔-develop business
acumen and relevance
-demonstrate financial returns to HR practices
-cut failed programs
What are some core HR activities? - correct answer ✔✔-hiring and firing
-work arrangements
-performance evaluations
What is the HR Paradox? and an example of it? - correct answer ✔✔HR functions are crucial to
a firms success. Yet they often operate non-strategically and are excluded from major decision
making
example: High Turnover Costs
What are Pfeffer's seven practices of successful human resources organizations? - correct
answer ✔✔1. Employment Security
2. Selective hiring of new personnel
3. Self-managed teams and decentralization of control
4. Comparatively high compensation
5. Extensive training
, 6. Reduced status distinctions
7. Sharing information widely
Why is employment security important? - correct answer ✔✔When the worry of being fired is
removed, employees take risks and have more opportunities to be creative
Significance of selective hiring? - correct answer ✔✔Turnover costs can be high.
Get a better match for your firm if you selective and engaged hiring practices
Importance of self-managed teams and decentralization of control? - correct answer
✔✔Increases motivation because employees feel like they're contributing more to their own
work. Less rigid and more of a teamwork ethos. Used to attract good employees
Significance of comparatively high compensation? - correct answer ✔✔Providing pay and
benefits that other companies cannot is used to attract good employees.
Why extensive training? - correct answer ✔✔Tells people that the company wants to invest in
them, feeds into the system of higher employee motivation
Why reduced status distinctions? - correct answer ✔✔Increases communication
Importance of sharing information widely? - correct answer ✔✔Need information to flow
through organization to achieve goals.
How does one firm successfully implement Pfeffer's 7 practices? - correct answer ✔✔-Structure
incentives correctly (for subordinates AND managers)
-Holistically integrate practices with all firm functions systematically
What is HR's reputation? - correct answer ✔✔-Boxes to check
-Administrative
-Not aligned with core business activities
How does HR get justified internally? (not just overhead) - correct answer ✔✔-develop business
acumen and relevance
-demonstrate financial returns to HR practices
-cut failed programs
What are some core HR activities? - correct answer ✔✔-hiring and firing
-work arrangements
-performance evaluations
What is the HR Paradox? and an example of it? - correct answer ✔✔HR functions are crucial to
a firms success. Yet they often operate non-strategically and are excluded from major decision
making
example: High Turnover Costs
What are Pfeffer's seven practices of successful human resources organizations? - correct
answer ✔✔1. Employment Security
2. Selective hiring of new personnel
3. Self-managed teams and decentralization of control
4. Comparatively high compensation
5. Extensive training
, 6. Reduced status distinctions
7. Sharing information widely
Why is employment security important? - correct answer ✔✔When the worry of being fired is
removed, employees take risks and have more opportunities to be creative
Significance of selective hiring? - correct answer ✔✔Turnover costs can be high.
Get a better match for your firm if you selective and engaged hiring practices
Importance of self-managed teams and decentralization of control? - correct answer
✔✔Increases motivation because employees feel like they're contributing more to their own
work. Less rigid and more of a teamwork ethos. Used to attract good employees
Significance of comparatively high compensation? - correct answer ✔✔Providing pay and
benefits that other companies cannot is used to attract good employees.
Why extensive training? - correct answer ✔✔Tells people that the company wants to invest in
them, feeds into the system of higher employee motivation
Why reduced status distinctions? - correct answer ✔✔Increases communication
Importance of sharing information widely? - correct answer ✔✔Need information to flow
through organization to achieve goals.
How does one firm successfully implement Pfeffer's 7 practices? - correct answer ✔✔-Structure
incentives correctly (for subordinates AND managers)
-Holistically integrate practices with all firm functions systematically
