MGT 3320 - exam 1 Question and answer rated A+ 2023

MGT 3320 - exam 1 Question and answer rated A+ 2023What 3 general competencies should HR professionals have? Knowledge of business, human resource practices, and change management In what 2 ways are HR professionals' 4 roles differentiated? Process vs. People, Short-term vs. Long-term Two perspectives on organization success differs based on what two factors? Organization's life cycle, and the stakeholder Four common stages of an organizational life cycle Entrepreneurial, communal, formalization, elaboration Four HR professional roles Strategic partner, functional expert, employee advocate, human capital developer Short term vs. long term HR professional roles Short term = functional expert, employee advocate; long term = strategic partner, human capital developer People vs. process HR professional roles People = human capital developer, employee advocate; process = strategic partner, functional expert HR's core functions Strategic management, workforce planning/employment, human resource development, total rewards, employee/labor relations, risk management Labor trends affecting HR management Who's working, what work is being done, where work is being done Two general competitive strategies Cost leadership, differentiation Approaches to HR strategies Universalistic, contingency Four different HR strategies Bargain laborer, free agent, committed expert, loyal soldier Internal vs. external labor orientation Internal - loyal soldier, committed expert; external - bargain laborer, free agent Cost leadership vs. differentiation Cost leadership = bargain laborer, loyal soldier; differentiation = committed expert, free agent