Human Resource Management Strategy and Analysis - Chapter 3 Quiz
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Questions and Answers

What is the purpose of the first step in the basic planning process?

  • To evaluate the possible alternatives
  • To implement a course of action
  • To set an objective (correct)
  • To compare options
  • Which aspect is NOT typically part of the basic managerial planning process?

  • Implementation of the plan
  • Building corporate hierarchies (correct)
  • Evaluation of best options
  • Establishment of clear objectives
  • In the context of planning, what does a plan primarily indicate?

  • Proposition
  • Course of action (correct)
  • Goal
  • Assessment
  • Which term is used to describe a company's strategy to leverage strengths, weaknesses, opportunities, and threats?

    <p>Strategic plan</p> Signup and view all the answers

    What is the essence of strategic planning for a business?

    <p>Determining where the business wants to be</p> Signup and view all the answers

    What process defines the nature of a company's business by matching internal strengths and weaknesses with external opportunities and threats to maintain a competitive position?

    <p>Strategic planning</p> Signup and view all the answers

    What is the primary goal of the management planning process?

    <p>To set objectives and implement plans</p> Signup and view all the answers

    Which of the following is NOT a step in the strategic management process?

    <p>Conducting employee training</p> Signup and view all the answers

    What is a key aspect of the strategic planning process?

    <p>Matching internal strengths and weaknesses with external opportunities and threats</p> Signup and view all the answers

    What is the ultimate goal of the strategic management process?

    <p>To maintain a competitive position</p> Signup and view all the answers

    Study Notes

    Strategic Management Process

    • The first step in the basic planning process is to set an objective or a goal.
    • The basic management planning process involves:
      • Setting objectives
      • Making forecasts
      • Reviewing alternative courses of action
      • Evaluating options
      • Implementing the plan

    Planning Definition

    • A plan shows the course of action for getting from where you are to where you want to go—in other words, to the goal.
    • Planning is always "goal-directed."

    Strategic Planning

    • Strategic planning is a company's plan for how it will match its internal strengths and weaknesses with external opportunities and threats to maintain a competitive advantage.
    • Strategic planning involves asking, "Where are we now as a business and where do we want to be?"
    • Managers develop specific strategies for taking a firm where it wants to be.

    Management Planning Process

    • The management planning process involves setting objectives, making forecasts, reviewing alternative courses of action, evaluating options and implementing the plan.
    • This process is goal-directed.

    Exclusions

    • Building corporate hierarchies is not part of the basic management planning process.
    • Hierarchy of a corporation can hinder managerial planning as plans must meet budgetary requirements and match the long-term goals of the firm.

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    Description

    Test your knowledge of key concepts from Chapter 3 of the book 'Human Resource Management, 15th edition' by Dessler. This quiz covers topics related to human resource management strategy, including strategic planning and analysis for maintaining a competitive position.

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