HMD 205 - CHAPTER 2 UPDATED ACTUAL QUESTIONS
AND CORRECT ANSWERS
Question:
1. Strategic Planning
Answer:
the process of determining the major goals of the organization and the policies and strategies for obtaining
and using resources to achieve those goals
Question:
2. HR Role in Strategic Planning
Answer:
HRM develops its own strategic plans to help align human resource (HR) practices with the business
strategy, because organizations that hire and retain motivated and productive people gain a long-lasting
competitive advantage.
Question:
3. external forces that can affect an organization:
Answer:
1. customers
2. competition
3. suppliers
4. labor force
5. shareholders
6. society
7. technology
8. economy
9. government
Question:
4. Research supports that there is a link between ______ and a company's long term success.
a. analytics
b. diversity
c. planning
d. revenue
Answer:
c. planning
, Question:
5. Which term refers to a series of influences originating outside of the organization that the company
cannot control?
a. external environment
b. cohesiveness
c. competition
d. recruitment process
Answer:
a. external environment
Question:
6. strategy
Answer:
a plan of action designed to achieve a particular set of objectives. It looks at the external (industry and
macro-) environment and the internal (organizational) environment in order to create strategic advantage
Question:
7. Three questions when making a strategy:
Answer:
1) What is our present situation (where are we now)?
2) Where do we want to go?
3) How do we plan to get there?
Question:
8. vision
Answer:
"What do we want to become as an organization" what we expect to become as an organization at a
particular point in time in the future.
Question:
9. mission statement
Answer:
lays out our expectations of what we're going to do in order to become the organization that we have
envisioned.
- What do we need to do in order to become what we have envisioned?
Question:
10. Vision + Mission =
Answer:
focus
Question:
11. objectives
Answer:
what is to be accomplished in singular, specific, and measurable terms, with a target date.
AND CORRECT ANSWERS
Question:
1. Strategic Planning
Answer:
the process of determining the major goals of the organization and the policies and strategies for obtaining
and using resources to achieve those goals
Question:
2. HR Role in Strategic Planning
Answer:
HRM develops its own strategic plans to help align human resource (HR) practices with the business
strategy, because organizations that hire and retain motivated and productive people gain a long-lasting
competitive advantage.
Question:
3. external forces that can affect an organization:
Answer:
1. customers
2. competition
3. suppliers
4. labor force
5. shareholders
6. society
7. technology
8. economy
9. government
Question:
4. Research supports that there is a link between ______ and a company's long term success.
a. analytics
b. diversity
c. planning
d. revenue
Answer:
c. planning
, Question:
5. Which term refers to a series of influences originating outside of the organization that the company
cannot control?
a. external environment
b. cohesiveness
c. competition
d. recruitment process
Answer:
a. external environment
Question:
6. strategy
Answer:
a plan of action designed to achieve a particular set of objectives. It looks at the external (industry and
macro-) environment and the internal (organizational) environment in order to create strategic advantage
Question:
7. Three questions when making a strategy:
Answer:
1) What is our present situation (where are we now)?
2) Where do we want to go?
3) How do we plan to get there?
Question:
8. vision
Answer:
"What do we want to become as an organization" what we expect to become as an organization at a
particular point in time in the future.
Question:
9. mission statement
Answer:
lays out our expectations of what we're going to do in order to become the organization that we have
envisioned.
- What do we need to do in order to become what we have envisioned?
Question:
10. Vision + Mission =
Answer:
focus
Question:
11. objectives
Answer:
what is to be accomplished in singular, specific, and measurable terms, with a target date.
