Strategic management refers to the actions that leaders take to move their organizations toward strategic goals and creating value for stakeholders. Which is considered a benefit of strategic management?
A. Demonstrating systems thinking
B. Decreasing use of resources
C. Allowing for consistent decision making
D. Focusing on core competencies
During which stage of strategic planning do managers develop action plans and assign staff members to projects?
A. Manipulation
B. Evaluation
C. Formulation
D. Implementation
What sets strategic planning and management apart in an organization?
A. Organizational structure, resources, and policies are aligned to meet agreed-upon goals.
B. The core competencies of the organization are reflected in each department.
C. The mission, vision, and values are communicated consistently across the organization.
D. A cross-functional team is assembled to resolve issues that are in conflict with the strategy.
When are HR mission statements, goals, and objectives created?
A. During annual planning cycles
B. As part of tactical HR planning
C. When creating succession plans
D. During HR strategic planning
A small publishing firm believes that it is too small to benefit from strategic planning. Which short-term benefit is the best choice for HR to use in influencing leaders to begin the strategic planning process?
A. Allocating resources more effectively
B. Increasing corporate social responsibility
C. Improving employee satisfaction and morale
D. Identifying conflicts of interest
