Master the PESTEL Framework and Cost Competitiveness in Business Strategy

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Questions and Answers

Which of the following is NOT one of the components of the SEBM Framework?

  • Functional Skills
  • HR Professionals (correct)
  • Mindset
  • Behaviours (Competencies)

What are some of the HR efficiency 'do-ables' mentioned in the text?

  • Satisfaction scores on career development and learning
  • Cost per offer (correct)
  • Retention of critical/key talent
  • No of people with relevant skills

What is the main focus of the HR System mentioned in the text?

  • Strategically aligned talent, competencies and behaviours
  • Retention of critical/key talent
  • High performance, strategically aligned policies & processes (correct)
  • HR Professionals with strategic competencies

What does the PESTEL framework stand for?

<p>Political, Economic, Sociocultural, Technological, Environmental, Legal (D)</p> Signup and view all the answers

What are the drivers of cost competitiveness?

<p>Business Model including Outsourcing vs insourcing (A)</p> Signup and view all the answers

What are the characteristics of strategic roles?

<p>Influences customer’s perception of value, Enables us to charge our desired price, Enables us to produce at our desired cost (C)</p> Signup and view all the answers

Which of the following is NOT a component of the SEBM Framework?

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

What is the main focus of HR effectiveness 'deliverables' mentioned in the text?

<p>Retention of critical/key talent (D)</p> Signup and view all the answers

Which of the following is NOT mentioned as a HR efficiency 'do-able' in the text?

<p>Differentiation of increments (D)</p> Signup and view all the answers

What are the three components of the HR System mentioned in the text?

<p>Strategic competencies, high performance policies, strategic talent (D)</p> Signup and view all the answers

What does HR contribute to firm's performance according to the text?

<p>All of the above (D)</p> Signup and view all the answers

What are some of the HR effectiveness 'deliverables' mentioned in the text?

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

The SEBM Framework includes the components: functional skills, behaviours, experiences, and mindset.

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

The HR System focuses on high performance, strategically aligned policies and processes.

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

True or false: The SEBM Framework includes the components: functional skills, behaviours, experiences, and mindset.

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

True or false: The HR System focuses on high performance, strategically aligned policies and processes.

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

True or false: The HR efficiency 'do-ables' mentioned in the text include lead time to hire and cost per offer.

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

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