Strategic Human Resource Management Quiz

What is the main goal of the book 'Strategy and Human Resource Management'?

The authors believe that the human aspect is always a central consideration in strategic management literature.

Who are the authors of the book?

The authors thank their publisher for the faith expressed in the commissioning of this ______ edition of their work.

Match the person with their contribution or description:

What was a significant contribution of Mick Marchington, according to the text?

The authors believe that HRM literature is adequately connected with the strategic aspects of an organization.

What is the significance of 'The Harvard Map of the HRM Territory' in the context of the book?

In industries with capital-intensive production systems, what is a typical characteristic of labor costs?

High-skill, high-commitment HR strategies are more commonly found in industries with low technology involvement.

What is the fundamental economic driver that can be observed in HRM?

Managers have an incentive to adopt HR practices that will enhance organizational ________ or the capacity of the firm to change as its environment changes.

Why are higher wages often justifiable for workers in capital-intensive industries?

Cost-effectiveness is the sole economic motive observed in HRM.

What two types of flexibility should managers consider?

Match the concepts with their descriptions:

What do employer federations tend to lobby for?

All forms of management power are negative.

According to agency theory, whose interests do managers' interests overlap but also diverge from?

The Global Financial Crisis of 2008-9 led to criticism of banking executives' bonus payouts based on short-term performance targets, while the long-term health of their organizations was ______.

Match the following concepts with their descriptions:

What is one reason why managers may not perfectly align with the interests of shareholders according to the text?

Managers do not need any degree of freedom in order to make important decisions for the sake of the organization.

What did Williamson suggest that managers' motives include, in addition to profit generation?

What fundamental principle underlies the relationship between firms and workers?

Processes such as downsizing typically foster greater cooperation between firms and workers.

What term describes a situation where one party feels they bear more of the costs and fewer of the benefits than the other party?

In a(n) ______, there is an allocation of the benefits and costs of the exchange that favors one party more than another.

Match the following situations with the type of trade-off they represent.

What is the most fundamental tension associated with HRM?

In all countries, workers are not free to resign and seek alternative employment.

Provide an example as mentioned in the text, of an absolute trade-off, where one party's interest is sacrificed for another party's outcome

In multidivisional firms, what factor complicates HRM?

The primary economic goal of HRM is solely to ensure legal compliance.

Besides economic goals, what are the two socio-political goals that drive HRM?

Firms that operate across national boundaries face more complexity in HRM due to the impact of different __________ contexts.

Match the following HRM strategic goals with their descriptions:

What does 'human resource advantage' primarily refer to?

HRM is typically uniform across all employee groups within a firm.

What key question are managers driven to ask regarding the economic goals of HRM?

What is a key implication of analyzing HRM's role in organizations?

Firms operate as completely independent entities without influence from their surrounding systems.

What is one major challenge caused by the pursuit of political power by management in a firm?

The problem of labor market competition can impact firms that are weak and can further impact entire ______ and societies.

Match the following challenges with their descriptions.

What does HR strategy describe?

Employee motivation is not that important for employment relationships.

What is a strategic impact of failing to handle strategic tensions and trade-offs effectively?