Resources and competencies review

Assignment Help HR Management
Reference no: EM133007022

True or False:

  1. Resources And Competencies Review: This method consists of an inventory of the various strategy-relevant resources possessed by the organization and the competencies that are manifested through them. It tells the organization what means are available to it for carrying out any strategies that it might have in mind.
  2. The "value chain analysis" is used to examine the organization's financial resources.
  3. The bargaining power of buyers or customers may be able to force the organization to sell at lower prices, or demand higher quality, additional product features, or better service. They may also play industry competitors off against each other.
  4. Without a strategic direction, the organization is likely to wander aimlessly through its competitive market place, waste resources and time, and perform at lower levels.
  5. Top management has the ultimate responsibility for making sure that strategic direction. The fewer the people within the organization who are involved into the process (particularly not those who will have to implement the chosen strategies) the better for the organization.
  6. As companies grow, revenues from individual product or service lines may become so substantial that it makes sense to begin treating these service lines as something like an independent freestanding business called "strategic business units" (SBUs). Even though they are legally part of the parent corporation (or the parent has a controlling ownership interest if they are legally independent), corporate management may grant these service lines considerable budgetary and decision making autonomy.
  7. The collection of SBUs owned or controlled by a corporation is referred to as its "portfolio".
  8. The relatedness among SBUs in a portfolio can be based on similarities regarding products, services, processes, systems, markets, culture, technologies, skills, reputation, and brand image, among other factors. The more such similarities that can be identified, the greater the degree of relatedness. Related diversification generally works better than unrelated diversification for these reasons
  9. "Retrenchment strategy may include strategies such as: filing for bankruptcy and reorganization, divesting pieces of the corporate portfolio, or seeling the entire organizaion.
  10. Strategy at the level of the individual SBUs is concerned with developing resources and competencies, competing in product and service markets, confronting competitors in those markets, creating and sustaining a competitive advantage, and responding to other changes in the external environment.

Reference no: EM133007022

Questions Cloud

What are the major federal laws : In selection programs, why is it important to be in line with the legal requirements of either the state you work in or the federal government?
Highlight the importance of all three interventions : Your research also shows that new employees are welcomed at reception on their first day, taken to their workstations and expected to be productive from day one
Why the results of the projects analysis using eps : Why the results of the projects analysis using EPS sometimes differ from the results from NPV analysis? In this case, which method results should be approved
Explain the appreciative from more traditional approaches : 1. Explain the appreciative from more traditional approaches.
Resources and competencies review : Resources And Competencies Review: This method consists of an inventory of the various strategy-relevant resources possessed by the organization and the compete
What is the equivalent units of production : What is the equivalent units of production? The Yeye Company uses the process cost system. The production data are for the month of September 2021.
Main duties and responsibilities of the job : Think of a work-related situation that you found enjoyable. Think of the job and identify the features that made it more enjoyable than other jobs you have held
What an inclusive environment would look and feel like : Describe what an inclusive environment would look and feel like. What would be your role in supporting an inclusive environment?
Solve the required sales in dollars to break even : Fixed manufacturing overhead costs are $ 40,000 and variable overhead costs are $8 per unit. Calculate the required sales in dollars to break even.

Reviews

Write a Review

HR Management Questions & Answers

  Improve problem solving capabilities within organization

Types of teams as to their effectiveness that will improve problem solving capabilities within organizations.

  Influence tactics help in reducing organizations politics

Explain the different types of influence tactics that will be of a help “if adopted” in reducing the organizational politics.

  Report on citigroup''s hr service level agreement

Human Resources or Human Resource Management deals with HR Service Level Agreement. HR Service Level Agreement is an agreement made between the employer and the employee, which states that the employee would work under any client and sometimes any ti..

  A project report on hrm

Human Resource Management as the name suggests, it is a management discipline which deals with the human i.e. the workforce aspect of organizations. Need and practices of HRM are inevitable in present scenario of extreme competition where "Talent War..

  Hrp: recruitment and selection

Recruitment and Selection is the initial ladder of any Human Resource Planning process and contains an immense significance for any organisation.

  A project report on study of statutory complainces

Statutory compliance and its immense knowledge are crucial to be understood in an organization. It contains all the forms, procedures and acts applicable in a company.

  Operant conditioning and Reinforcement

Operant conditioning is a learning process where behaviour is controlled by its consequences. In this process an individual's behaviour can be modified through the use of positive or negative reinforcement.

  Effectiveness of training programs in achieving customers an

The main motive for conducting this research is to provide broad range of research of the literature and their reviews related to training and development and assisting the employees in providing customers satisfaction.

  A critical analysis of hr processes and practices in fedex c

FedEx is illustrious for its novel HR processes and practices that have greatly accounted for its success.

  Integrating culture and diversity in decision making

People in the organization are known as Google where they share common goals and have common vision.

  Impact of employee attrition on people management in organis

Talent management implies recognizing a person's inherent skills, traits, personality and offering him a matching job.

  Labour dissonance at maruti suzuki india limited: a case stu

This Case Study focuses on various issues related to Labour Unrest at Maruti Suzuki India Limited.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd