Strategy-Driven Human Resource Management

18 important questions on Strategy-Driven Human Resource Management

How do you call the degree to which three types of differentiation exist within the organization?

Complexity

How do you call the process of accessing large amounts of data in order to analyze those data and gain insight into significant trends or patterns within organizations or industries?

Data analytics

How do you call measures of profits that remain after deducting the cost of capital from operating profits?

Economic value added (EVA)
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How do you call the degree to which jobs are standardized within an organization, meaning the degree to which we have created policies, procedures, and rules that "program" the responsibilities of the employees?

Formalization

How do you call a score identifying HR deliverables and HR system alignment, compares HR alignment with strategy, and measures organizational gains created by HR practices?

HR scorecard

How do you call interacting database systems that aim at generating and delivering HR information and allow us to automate some human resource management functions?

Human resource management systems (HRMS)

How do you call a statement laying out our expectation of what we're going to do to become the organization that we have envisioned?

Mission statement

How do you call statements of what is to accomplish in singular, specific, and measurable terms, with a target date?

Objectives

How do you call the values, beliefs, and assumptions about appropriate behavior that members of an organization share?

Organizational culture

How do you call how an organization groups its resources to accomplish its mission?

Organizational structure

How do you call the measure of the financial return we receive because of something that we do to invest in our organization or its people?

Return on investment (ROI)

How do you call a plan of action designed to achieve a particular set of objectives?

Strategy

How do you call what we expect to become an organization at a particular point in time in the future?

Vision

What are the nine aspects of the external environment?

  • Customers
  • Competition
  • Suppliers
  • Labor force
  • Shareholders
  • Society
  • Technology
  • The economy
  • Governments

What are the two types of strategy analysis?

  • The five-force analysis
  • The SWOT analysis

What is the writing objective model?

To + action verb + singular, specific, measurable result + target date

What are the three major components of organizational structure?

  • Complexity
  • Formalization
  • Centralization

What are the four standard measurement tools for strategic HRM?

  • Economic value added (EVA)
  • Return on investment (ROI)
  • The balanced scorecard (BSC)
  • The HR scorecard

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