HRM exam 1 part 2 questions & answers 2024/2025
What are the three methods to assess whether HRM matters? - ANSWERSconceptual arguments: resource based view organizations have a lot of resources available (financially, physically, and interpersonally)
Case studies: examine companies that do w...
What are the three methods to assess whether HRM matters? - ANSWERSconceptual arguments:
resource based view organizations have a lot of resources available (financially, physically, and
interpersonally)
Case studies: examine companies that do well/struggle to see how it connects to HR.
Quantitive Analysis: look at companies and determine if they are doing well by how they treat their
employees to create a good environment.
What is HRM? - ANSWERSa strategic approach to management of an organization's most valued assets,
focusing on the people working there, and having the goal of improving their attitudes and behaviors.
The "resource-based view" - ANSWERSThe value of the resource depends on if it is rare and inimitiable
what are some kinds of "resources" ? - ANSWERSFinancial
Physical
Interpersonal
What is a competitive advantage? - ANSWERSthe quality of employees that the company has who can
not be copied, (one up on the competition)
What two factors contribute to making resources valuable and have a competitive advantage? -
ANSWERSRare & inimitable
the article, "Uber is finally realizing HR isn't just for recruiting," what business function should HR be
treated like to demonstrate its priority in an organization? - ANSWERSFinance
In the article, "putting people first," in a study of 968 firms regarding their HR practices resulted in what
outcomes with regard to turnover, sales, and stock price? - ANSWERS- 7.05% decrease in turnover
, -$18,000 increase in stock market value per employee
-$27,044 increase in sales per employees
What is the 1/8 rule? - ANSWERS-1/2 of the organizations won't believe the connection between how
they manage people and the profits earned
-1/2 that do see the connection will make one single change to solve problems, not realizing that the
effective management of people requires more approaches
-1/2 will persist with practices long enough to derive economic benefits
1/8 (12%) of organizations will do what is required to build profits by putting people first.
The two general categories of HR challenges - ANSWERS-organizational demands: factors within the
company that influences employees managed
-Environmental demands: pressures that are outside that impact
Strategy as an organizational demand - ANSWERS-plan for achieving competitive advantage
-includes features, location, innovation, reputation, status, and quality
-offering something competing firms do not and customer values
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