Week 2

Question 1

Core Values

Answer 1

Structure, identity, and values for a business. All decisions made to reflect core values and abide by mission and vision

Question 2

Influences on HRM can be both (2)

Answer 2

Internal and External

Question 3

Internal

Answer 3

Organizational culture, climate, and management practice

Question 4

External

Answer 4

Economic Factors, labour market issues, technology, environmental concerns

Question 5

Strategic HRM involves formulating and…..

Answer 5

implementing HRM systems aligned with organizations strategy

Question 6

Strategic plan

Answer 6

company’s plan to match internal strengths and weakness and external opportunities and threats to maintain comparative advantage

Question 7

Comparative advantage

Answer 7

company achieves higher profits, specialization, low cost production and difficult for others to copy

Question 8

Strategy

Answer 8

course of action company can pursue to achieve aims

Question 9

Potters Generic strategies

Answer 9

matrix of 4 corners pertaining to differentiation scope and cost

Question 10

Scope

Answer 10

Differentiation narrow or broad

Question 11

Cost

Answer 11

high cost or low cost

Question 12

Overall cost leadership

Answer 12

low cost to competitors and high scope or differentiation etc Walmart, McDonalds, IKEA

Question 13

Overall Differentiation

Answer 13

Create unique product or service and recognized industry wide therefore high cost and differentiation etc Apple or Samsung

Question 14

Focus

Answer 14

Concentrating on group of customers, geo markets and product line (bottom two quadrants) etc ferrari or lululemon

Question 15

External influences on HRM external: Economic Factors

Answer 15

Employment level and hiring
economic sectors
productivity levels

Question 16

Employment and hiring 2 systems

Answer 16

Healthy system
Weak system

Question 17

Healthy System

Answer 17

increase demand for p/s, recruit more and pay well

Question 18

Weak System

Answer 18

reduced pay and benefits, downsizing, unemployment, competition among high qualified candidates

Question 19

Economic Sectors

Answer 19

Tertiary (Small Business) > Secondary (Manufac and construc) > Primary (Farm, agriculture)

Question 20

Productivity Levels

Answer 20

produce more output with less input

Question 21

Exploitation

Answer 21

workers forced to sell their labour power for less than the full value of commodities they produce with their labour

Question 22

Marxist Definition and exploitation

Answer 22

Fairness based accounts

Question 23

non-worseness claim and exploitation

Answer 23

worker at least has job, but an instance needs to be compared to an ideal condition and not worst case scenario

Question 24

labour and market issues

Answer 24

Diversity
Generational Differences
Visible and Ethnic minorities

Question 25

Diversity

Answer 25

Attributes that humans use to tell themselves "that person is different than me"

Question 26

3 protected groups of ethnic minorities and trends

Answer 26

Indigenous: fastest and youngest growing population Disabilities: Ableism -> discrimination against those with, 1/5 in population with disability women Women: gender pay gap, underrepresentation at the top level

Question 27

Generational differences issue

Answer 27

stereotyping with age, or homogenous age groups

Question 28

Self-fulfilling prophecy

Answer 28

person's expectations about another person eventually results in that person to act in ways to confirm expectation

Question 29

Education Issue with current generation

Answer 29

high population in university and post secondary but literacy(reading) level is very low

Question 30

Non standard or contingent workers and risk

Answer 30

part-time, term/temp and risks are poorly paid, no job security, no legislation coverage

Question 31

Technology

Answer 31

makes working easier and more efficient but has benefits and concerns

Question 32

benefits

Answer 32

speed, convenience, accuracy, efficiency,

Question 33

concerns

Answer 33

privacy, lack of design, data control, automation

Question 34

Government environmental concerns (3)

Answer 34

Human Rights, Global Trends, Environmental Trends

Question 35

Global Trends

Answer 35

firms outsource operations, increased competition, cheap skilled labours seeked

Question 36

Environmental Trends

Answer 36

Climate change, carbon footprint, pollution, sustainability

Question 37

Internal issues/concerns (3)

Answer 37

organizational culture, climate and management practice

Question 38

organizational culture (2) and conveyed through

Answer 38

- core values, beliefs, and assumptions spread - behaviour expectations that are acceptable and not acceptable - conveyed through seminars, mission and vision, symbols

Question 39

Organizational Climate and how is it reflected

Answer 39

- shared perception of organizational attributes such as policies, practices and procedures - reflected in level of employee motivation, job satisfaction, performance and productivity

Question 40

Management Practice (3)

Answer 40

Hierarchal vs egalitarian Empowerment - more employees to manage provide workers will skills and authority to grow and improve