CKE EXAM #2 Complete and 100% Correct A+ Graded Answers

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.