Questions and Answers
Which term is used to describe the core idea about how a firm can best compete in the marketplace?
Generic strategy
What is the first step in the classical strategic management process?
Establishing a mission statement and key objectives for the organization
What are the deliverables of HR function according to the provided text?
Mindset, Technical Knowledge, Behavior
In real life, how do effective strategies generally emerge?
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What is the level of competency necessary in strategic resource positions according to the provided text?
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What is one of the common questions asked by managers and stakeholders according to the text?
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"Do employees know and understand what they are to do" is related to which aspect according to the text?
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What is a key characteristic of effective strategies according to the text?
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What does a long-term successful strategy need to be based on?
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What is the main emphasis of strategy according to the text?
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Which movement initiated by Bennis in the 1970s is mentioned in the text?
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What was the purpose of setting up 'welfare offices', 'hiring offices', 'safety bureaus', 'time-office' during IR 1 and 2?
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What concept did Flamholtz develop in 1974 according to the text?
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Which perspective of HRM emphasizes a strategic focus and being a change agent?
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What does the term 'strategos', from which 'strategy' originates, refer to?
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