The discipline of market leaders Study guides, Class notes & Summaries

The two business models we reviewed—Industrial Organization and Resource-Based—focus, respectively, on _____ and _____ analysis: - external; internal What is the primary objective of a company strategy? - Achieving sustainable competitive advantage. Below are several statements from companies. Which of these is a vision statement? - Habitat for Humanity: A world where everyone has a decent place to live. A mission statement can describe: - what the company does in terms of its custo...

SHRM-CP Practice Test 150 Questions with Verified Answers What is Human Capital Planning? - CORRECT ANSWER Human Capital planning is a systematic process for identifying the resource pool and its capabilities to meet organization goals and developing the strategies to meet the requirements to fulfill those goals. A Human Management Capital plan is forward thinking; the questions asked look at the present and into the future. What is an environmental scan and how does it pertain to strategi...

SHRM CP EXAM 398 Questions with Verified Answers Career Planning - CORRECT ANSWER Actions & activities that individuals perform in order to give direction to their work lives. Brain drain - CORRECT ANSWER Exit of educated & skilled citizens from emerging & developing countries for better paying jobs in developed countries. Auditory learners - CORRECT ANSWER People who learn best by relying on their sense of hearing. Andragogy - CORRECT ANSWER Study of how adults learn. Cost-of-liv...

SPHR Mindedge Exam 91 Questions with Verified Answers Vision Statement - CORRECT ANSWER A vision statement* should be a concise assertion of what the company is, who it serves, and where it is going. The vision statement should be an inspiring piece that provides everyone involved in the organization—from employees to shareholders to customers—insight into the organization's future. Mission Statement - CORRECT ANSWER Mission statements elaborate on vision statements by providing addit...

VCE Business Management Unit 3 & 4 Exam Revision Questions With Solutions VCE Business Management Unit 3 & 4 Exam Revision What is a business? A lawful organization involved in the provision of goods and/or services to consumers to earn a profit. business type - sole trader The individual owner of a business who is entitled to keeping all profits, as they are legally and financially responsible for all aspects of the business but are liable for all losses. - Owner has full c...

SAFE 5 AGILIST EXAM (5.1) 2023 VERIFIED QUESTIONS AND ANSWERS LATEST UPDATE GRADED A SAFe 5 Agilist Exam (5.1) What is one benefit of unlocking the intrinsic motivation of knowledge workers? To provide autonomy with purpose,mission, andminimum constraints To strive to achieve a state of continuousflow To lower work in process(WIP) limits To centralize decision-making Which statement is a principle of the Agile Manifesto? Respect for people and culture Visualize and limit WIP,red...

small start-up software company realizes that the technology skillsets of newly hired programmers are more advanced than the existing programmers' skillsets. Recognizing the constant business need for these evolving, state-of-the-art skillsets, which is the best workforce development strategy to implement? A. Partner with a local community college to offer programmers the opportunity to update their skillsets. B. Offer new hires shorter-term contracts to allow for a continual hiring of prog...

SPHR Final Exam 134 Questions with Verified Answers Which of these is the most basic certification exam administered by the HR Certification Institute? A The SPHR. B The PHR. C The GPHR. D The PHR-CA. - CORRECT ANSWER B The PHR. Which of these is an example of a mission statement? A Employees are prohibited from smoking in the lobby, the cafeteria, and all patient areas. B Our purpose is to provide compassionate, skilled care to elderly patients in a home-like environment. C ...

PDCA - Answer-Plan, Do, Check, Act The term "Six Sigma" refers to... - Answer-The ability of highly capable processes to produce output within specification. In particular, processes that operate within six sigma quality produce a defect levels below 3.4 defects per (one) million opportunities (DPMO). Six Sigma two key methodologies - Answer-DMAIC & DMADV (both inspired by W. Deming's Plan, Do, Check, Act cycle) EXISTING PROCESS OR BUSINESS - DMAIC (Define, Measure, Analyze, Improve, C...

Test Bank For Entrepreneurship: The Practice and Mindset 1st Edition by Heidi M. Neck Christopher P. Neck ,Emma L. Murray Chapter 1: Entrepreneurship: A Global Social MovementTest Bank Multiple Choice 1. The authors define entrepreneurship as . a. a discipline that seeks to understand how opportunities are discovered, created, and exploited, by whom, and with what consequences b. starting a small business by finding investors and launching a product c. developing a new market by creating a produ...