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Chapter 1 - Strategic Management
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- In order to achieve success implementing change, what two concepts do HR managers need to match
- motivation and hiring practices b. position modules and salary theories
- principles and salary theories d. HRM practices and organizational goals
together?
ANSWER: d
- What type of strategy is an agreed-upon plan that is arrived at through formal planning processes?
- discarded b. emergent
- realized d. intended
ANSWER: d
- Managers in a department store have decided that the shoe department is not a profitable part of the store and
- merger b. divestiture
- bankruptcy d. growth
that it would be better suited to being an independent organization that rented space from the store. What type of strategy is demonstrated if the shoe department is separated from the department store into a separate entity?
ANSWER: b
- What type of corporate objective is represented by the ratio “return on investment?”
- soft b. short-term
- long-term d. hard
ANSWER: d
- What are the two primary types of inputs that influence an organization’s competitive advantage?
- profitability and human capital b. reputation and superior performance
- culture and distinct advantage d. capabilities and tangible assets
ANSWER: d
- What type of competency is represented by resources and capabilities that serve as a firm’s competitive
- core b. central
- cultural d. collective
advantage?
ANSWER: a
- Which of the following represents either a growth or a stability strategy?
- merger b. turnaround
- bankruptcy d. liquidation
ANSWER: a
- If employees understand the behaviours and performance levels that will be rewarded on the job, what type of
- clarity b. incentives
- change d. efficiency
benefit is produced that will help managers formulate a strategy?
(Human Resources Planning, 7e Monica Belcourt, Kenneth McBey) (Test Bank all Chapters) 1 / 4
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ANSWER: b
- What is a tangible corporate goal that represents a point of view about the competitive positions a company
- strategic plan b. strategic intent
- strategic implementation d. strategic formulation
hopes to build over a decade?
ANSWER: b
- If a formulated plan is called an intended strategy, what strategy depicts the implemented plan?
- intentional b. ideal
- realized d. predicted
ANSWER: c
- If an organization fails to engage in strategic planning, it will be burdened by many challenges. Which of the
- failure to involve senior managers and executives so that there is no buy-in
- failure to use the plan as the guide to make decisions and evaluate performance
- failure to align incentives and other HR policies to the achievement of strategy
- failure to incorporate information generated from 360-degree reviews
following is NOT one of these challenges?
ANSWER: d
- Which strategy is synonymous with logical incrementalism?
- intended b. emergent
- discarded d. realized
ANSWER: b
- What strategic concept demonstrates those activities that employees and managers of an organization
- strategy implementation b. strategy formulation
- strategic planning d. strategic intent
undertake to enact the strategic plan and achieve the performance goals?
ANSWER: a
- Which of the following represents a restructuring strategy?
- merger b. liquidation
- incremental d. joint venture
ANSWER: b
- McDonald’s incorporated many unique strategies to turn the restaurant around. Which of the following is
- focusing on healthy food choices
- allowing free refills for all beverages
- introducing new foods that reflected regional food interests
- opening stores in non-traditional locations 2 / 4
part of a different restaurant’s corporate strategy?
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ANSWER: c
- If a firm is applying a growth strategy, it will typically be focused on certain HR practices. Which of the
- reduced training b. aggressive recruitment
- rapidly rising wages d. increased job creation
following activities represent strategies that are NOT a growth strategy?
ANSWER: a
- How is the successful implementation of strategy judged?
- by whether it satisfies top management’s expectations
- by whether it realizes organizational goals and objectives
- by whether it engages employees to do their best
- by whether it meets financial targets and ratios
ANSWER: d
- Salad-O is a fast food outlet located in a shopping mall that tries to compete with Greens-Away by offering
- low-cost provider b. broad differentiation
- market niche with lower cost d. market niche with differentiation
gourmet salad dressings. Which of Porter’s competitive strategies is Salad-O applying?
ANSWER: b
- “Our company is committed to honesty and improving society.” What type of statement does this quote
- attitude b. policy
- strategic d. value
describe?
ANSWER: d
- Some organizations drift aimlessly during times of economic turmoil. What might be a concrete reason for
- The organization did not produce a vision statement to unite its employees.
- The organization did not complete its long-term plan for the next three to five years.
- The organization did not conduct a succession plan for its older managers.
- The organization did not build a culture that supported work–life balance.
an organization to be so unfocused?
ANSWER: a
- What is the process called that formulates organizational goals, objectives, action plans, and the mission
- formulation b. analysis
- strategy d. planning
statement?
ANSWER: c
- According to your textbook, what are the three types of corporate strategies?
- liquidation, bankruptcy, and growth b. mergers, acquisitions, and joint ventures 3 / 4
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- growth, restructuring, and stability d. turnaround, bankruptcy, and divestiture
ANSWER: c
- In order for senior managers to determine who the company’s customers are, where they are located, and
- value proposition b. vision statement
- value statement d. vision proposition
what product or service characteristics the customers value, the managers must develop a statement of the fundamental benefits of the products or services being offered in the marketplace. What is this statement known as?
ANSWER: a
- Southwest Airlines has used multiple strategies since its inception in 1974. Why has its current focus on
- Southwest’s culture is variable and substitutable like the strategies it applies.
- Southwest’s culture is inspirational so that its employees achieve greater work–life balance.
- Southwest’s culture is unique, and strategic mimicry by other airlines is not possible.
- Southwest’s culture is responsible for its low-cost, low-price, no-frills flights strategy.
organizational culture been such an effective strategy for the airline?
ANSWER: c
- Which concept refers to a list that produces the sequential steps required to get the job done?
- principles b. procedures
- program d. policies
ANSWER: b
- Which of the following is typical of an organization that follows Porter’s best-cost provider strategy?
- a hamburger served by a waiter on a plate with potato salad
- a hamburger and fries in a paper bag served by the drive-through operator
- a hamburger and baked potato placed on a tray and served by the takeout counter clerk
- a hamburger and baby greens salad in a plastic bubble package bought at the grocery store
ANSWER: a
- An organization is influenced by a variety of elements from the external environment. On the other hand,
- technology b. sociocultural factors
- HR diversity management policy d. changing demographics
which of the following appears to be derived from the internal environment of the organization?
ANSWER: c
- Rand Solar Technologies Ltd. is planning its future. In the process, the senior leadership team is preparing
- conducting a SWOT analysis
- identifying the organization’s competitive advantage
- formulating the organization’s strategy
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the organization’s objectives, competitive scopes, and action plans to achieve its goals. What is the leadership team doing?
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