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PHR Study Guide Chapter 2 QUESTIONS & CORRECT SOLUTIONS(RATED A)
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Mission Statement - ANSWER Describes the company, what it does, where it's going, and how it's different from other organizations Generally directed at employees in the organization and should tell them where the company is headed in the mid to long term Vision Statement - ANSWER Should insp...

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  • October 21, 2024
  • 4
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • phr
  • phr study guide chapter 2 questions correct solu
  • mission statement answer describes the company
  • generally directed at employees in the organizatio

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PHR Study Guide Chapter 2 QUESTIONS &
CORRECT SOLUTIONS(RATED A)
Mission Statement - ANSWER Describes the company, what it does, where it's going, and how it's
different from other organizations



Generally directed at employees in the organization and should tell them where the company is headed
in the mid to long term



Vision Statement - ANSWER Should inspire the organization and inform customers & shareholders,
describing what will carry the organization into the future and what it will accomplish



Corporate Values Statement - ANSWER Way for the executive team to communicate their standards for
how the organization will conduct business



Core Competencies - ANSWER Parts of a organization's operations that they do best and that set them
apart from the competition



SMART Model - ANSWER Specific

Measurable

Action-Oriented

Realistic

Time-Based



Specific (SMART Model) - ANSWER The goal should be descriptive enough to guide business-unit
managers in developing action plans that will accomplish the goal



Measurable (SMART Model) - ANSWER The goal must include a method for determining when it has
been met

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