HR Strategy and Competitive Advantage Quiz

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Questions and Answers

Which of the following is NOT one of the three sustainable sources of value mentioned in the text?

  • Innovation (correct)
  • Talent
  • Culture
  • Reputation

What is the purpose of an HR strategy?

  • To prioritize key initiatives for the year (correct)
  • To determine the competition
  • To plan for long-term transformation
  • To define the value proposition

Which of the following is NOT a key element of an HR strategic plan?

  • Desired outcome
  • Competition (correct)
  • Sources of competitive advantage
  • Value proposition

Which of the following is NOT one of the key elements of an HR strategy?

<p>Value proposition (B)</p> Signup and view all the answers

What is the purpose of the longer term transformational plan in an HR strategic plan?

<p>To outline the transformational goals for 2-3 years (D)</p> Signup and view all the answers

Which of the following is NOT one of the three sustainable sources of value mentioned in the text?

<p>Competition (C)</p> Signup and view all the answers

True or false: The PESTEL framework stands for Profit, Equity, Sustainability, Teamwork, Efficiency, Leadership?

<p>False (B)</p> Signup and view all the answers

True or false: The drivers of cost competitiveness include Business Model including Outsourcing vs insourcing?

<p>True (A)</p> Signup and view all the answers

True or false: Strategic roles influence employee satisfaction, enable us to reduce costs, and enable us to increase revenue?

<p>False (B)</p> Signup and view all the answers

True or false: Functional skills is a component of the SEBM Framework?

<p>False (B)</p> Signup and view all the answers

True or false: Behaviours is a component of the SEBM Framework?

<p>True (A)</p> Signup and view all the answers

True or false: The PESTEL framework stands for Profit, Equity, Sustainability, Teamwork, Efficiency, Leadership?

<p>False (B)</p> Signup and view all the answers

True or false: The drivers of cost competitiveness include Business Model including Outsourcing vs insourcing?

<p>True (A)</p> Signup and view all the answers

True or false: Strategic roles influence employee satisfaction, enable us to reduce costs, and enable us to increase revenue?

<p>True (A)</p> Signup and view all the answers

True or false: Functional skills is a component of the SEBM Framework?

<p>False (B)</p> Signup and view all the answers

True or false: Behaviours is a component of the SEBM Framework?

<p>True (A)</p> Signup and view all the answers

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