CHAPTER 1 potential quiz questions

CHAPTER 1 potential quiz questions - CHAPTER 1 potential...

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1. Are people always an organization’s most valuable asset? Why or why not? No, people are not always an organization’s most valuable asset. People are the firm’s primary resource to be strategically leveraged for competitive advantage, whereas, a firm’s HRM activities is the means of gaining competitive advantage. It’s what the firm does that matters with the people it hires, not exactly the people it hires. 2. Describe the four criteria necessary for a firm to achieve sustained competitive advantage through people. 1. Have value 2. Are rare and unavailable to competitors 3. Are difficult to imitate 4. Strategic equivalent 5. Are organized for synergy 3a. Because labor costs are often the largest expense of a firm, cost containment options often focus on labor cost reductions. In class we discussed several approaches that organizations may take to lower labor-related costs. List each of the approaches that organizations may take to lower labor-related costs we discussed in class. 1. Downsizing : eliminates jobs entirely 2. Outsourcing : contracting outside the organization to have work done that formerly was
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This note was uploaded on 04/07/2009 for the course H ADM 211 taught by Professor Sway during the Fall '07 term at Cornell.

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CHAPTER 1 potential quiz questions - CHAPTER 1 potential...

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