Strategic HR Planning Notes

Question 1

Strategic Process

Answer 1

Intended —> //discarded// —> emergent—> realized

Question 2

Strategic Types (corporate)

Answer 2

Restructuring Strategies
-Turnaround 
-Divestiture
-Liquidation 
-Bankruptcy 
Growth Strategies 
-Incremental 
-International 
-Mergers and Acquisitions
Stability

Question 3

The Strategic Planning Process

Answer 3

Establish the mission, vision, and values.
Develop objectives.
Analyze the external environment.
Identify the competitive advantage.
Determine the competitive position.
Implement strategy.
Evaluate the performance.

Question 4

Competitive Advantage

Answer 4

Resources that allow the organization to work more effectively: 
1- Tangible assets
2- Intangible assets
3- Capabilities
4- Core competencies 
5- Dynamic capabilities

Question 5

Determining the Competitive Position

Answer 5

Identifying a value proposition:
Low-cost
Broad Differentiation
Best-cost provider
Focused or market niche strategy based on lower cost
Focused on market niche strategy based on differentiation

Question 6

Forecasting Activity Categories

Answer 6

Transaction-based
Event-based
Process-based

Question 7

Determining HR Demand (forecasting methods)

Answer 7

Quantitative

• trend/ratio analysis
• time series models if data
• regression analysis

Qualitative

• scenario planning
• delphi technique
• nominal group technique