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CHRP Knowledge Exam with Questions & Correct Verified Answers
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CHRP Knowledge Exam with Questions &Correct Verified Answers
stability strategy - ✔a grand strategy that involves little or no significant change
These are maintenance strategies where
companies do not wish to see their
companies grow and so their strategic HRM
practices remain constant.
stability strategy is adopted when the corporation seeks to keep everything the same when
adopting a stability strategy you are in essence trying to keep things constant situations let me
necessitate a stability strategy include those where the corporation is concerned or unsure
about whether it's business loans will exist in the future and therefore want to take a wait-and-
see approach similarly depending on the route the business eventually decides to go expanding
capital and resources towards the growth of a product service or internal department that may
not fit into the corporations future may not make sense a stability strategy may also be
temporary perhaps serving as a pause after a change for an expansion depending on the
situation I can also be known as a neutral or do-nothing strategy or eventually as a
retrenchment strategy if no additional investments are being made into the corporation your
HR responsibilities during a period marked by a stability strategy could include helping
management better understand expenses for training and development or succession planning
,may have to be lowered you may be responsible for sending out a communication to the
employees asking for their input on where money could be saved in their respective areas or
you may be engaged in helping to determine the projects or policies that could be
implemented to positively impact productivity.
What are 4 key challenges in International Human Resource Management? - ✔1.
Workforce Diversity
2. Employment Legislation
3. The Role of the HR Function
4. Being Flexible
What does Strategic International Human Resource Management involve ? -
✔Projecting global competence supply;
Accessing global competence needs;
and
Developing a blueprint to establish
global competence pools within
companies.
What does Strategic International Human Resource Management concerned with? - ✔Is
concerned with issues "The examination, creation and
management of HR management issues,
functions, policies, and practices that result
from the strategic activities of a
multinational enterprise and that affect the
international concerns and goals of that
enterprise."
, For example: if an organization needs to respect more than 200 employment laws in 200
countries if must respond to the cultural values within each country and look at standardization
& customization strategies for all HR policies, procedures and practices
What are the 4 stages as International organization evolves ? - ✔1. Domestic Growth Strategy
2. Multi-Domestic Growth Strategy
3. Multi-National Growth Strategy
4. Global Growth Strategy
Domestic Growth Strategy - ✔Companies become international by
exporting their goods abroad as a
means of seeking new markets. Still focus on local domestic markets and don't change the
look or feel of products for foreign customers.
At this stage there is little demand for a full hr dep to oversee the international operations
*may hire export manager to oversee foreign sales
Domestic HR Strategy is commonly used here
Multi-Domestic Growth Strategy - ✔A multi domestic girls strategy is a strategy that
concentrates on the development of foreign markets by producing products within the
countries where they are sold. In other words setting of a subsidiary in a foreign land
and making products specifically for that market.
Adaptive HR Strategy is commonly used by adopting local HR country approaches and practices.
This is done because local managers will be more familiar with local customs, makerts, trade
agreements
Disavdantage, local manager may not understand the companies culture
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