CKE EXAM #2 Complete and 100% Correct
Resource-Based View
A model that sees resources as key to superior firm performance. Example: Employees can provide a competitive advantage.
Reciprocal Interdependence
HR strategy generates the business strategy, and business strategy determines HR stra...
CKE EXAM #2 Complete and 100% Correct
Resource-Based View
A model that sees resources as key to superior firm performance. Example: Employees can provide a
competitive advantage.
Reciprocal Interdependence
HR strategy generates the business strategy, and business strategy determines HR strategy.
Low-Cost Provider Strategy
Providing products or services at a low cost. Example: UPS profits by keeping labour costs low.
Organizational Fit.
Fitting HR strategy into organizational strategy. An important consideration when designing HR
programs.
Strategic HR
Fast, proactive, and integrated.
Time Planning for HR Strategy
3 to 5 years.
Strategy
The formulation of organizational missions, goals, objectives, and action plans.
Restructuring.
Corporate strategy to try to restore money-losing business to health profitability. Example:
McDonald's Restaurants.
Divesture
The action or process of selling off subsidiary business interests or investments.Example: Cara Foods.
Merger
A corporate strategy where two organizations combine resources and become one.
Unfreezing
Increasing the driving forces, which direct behaviour away from the status quo. Hint: Kurt Lewin.
Refreezing
Stabilizing the new situation. Hint: Kurt Lewin.
Categories for Change
Structure, technology, and people.
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