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Flashcards in chapter 3 Deck (16):
1

companys plan for how it will match its internal strengths and weaknesses with external opportunities and threats in order to maintain a competitive advantage

stategic plans

2

a course of action the company can pursue to achieve its strategic aims

strategy

3

the process of identifying and executing the organizations strategic plan by matching the companys capabilities with the demands of its enviornment

strategic management

4

summarizes "what business are we in"

mission statement

5

identifies the portfolio of businesses that, in total, comprise the company and the ways in which these businesses relate to each other

corporate level strategy

6

a srategy that identifies how to build and strengthen the businesses long term competitive position in the marketplace

competitive strategy

7

any factors

competitive advantage

8

formulating and executing human resource policies and practices that produce the employee competencies and behaviors the company needs to achieve its strategic aims

strategic human resource mmangement

9

a strategic planning tool that shows the big picture of how each departments performance contributes to achieving the company's overall strategic goals

strategy map

10

a process for assigning financial and non financial goals or metrics to the human resource management related chain of activities required for achieving the company strategic aims and for monitoring results

hr scorecard

11

presents the manager with desktop graphs and charts

digital dashboard

12

metrics that focus on measuring activities that contribute to achieving company strategic aims

strategy-based metrics

13

an analysis by which an organization measures where it currently stands and determines what it has to accomplish to improve its hr functions

hr audit

14

set of human resource management policies and practices that promote organizational effectiveness

high-performance work system

15

quantitative gauage of a human resource management activity, such as employee turnover

human resource metric

16

quantitative gauge of a human resource management activity, such as employee turnover

human resource metric