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Terms in this set (17)At which step in the strategic management process does a manager review the economic, competitive, and political trends that may affect the company? Asking, "Are we in the right business?" Amazing Industries has decided it will add two product lines, close a plant, and expand its production facilities in two locations. Amazing Industries is at what step in the strategic management process? Executing the strategy Excellence Enterprises promotes itself as a company that guarantees on-time delivery. Which competitive strategy is Excellence Enterprises using? Differentiation A company that provides a product that its customers can't get anywhere else is employing which competitive strategy? Focuser Flexible work arrangements that reduce commuting can help a company to reach which type of goals? Sustainability Toni is reviewing graphs and charts that show how the company is doing on the metrics from the HR scorecard process. Toni is using which of the following? Digital dashboard The HR department at Incredible, Inc. is measuring where it currently stands and determining what it needs to accomplish. This department is performing which of the following? HR audit Which of the following uses tools such as statistical analysis to sift through data looking for relationships? Data mining In terms of HR practices, which of the following is true of high-performing companies? They use more selection tests when recruiting. Providing more training than other companies in the industry is an example of which of the following? A high-performance work system In regard to automobile manufacturer Kia Motors, which of the following was a key step in creating Kia's new employee engagement strategy? Instituting a new employee development program Companies with engaged employees are likely to experience a(n) _______. increase in productivity During a downturn in the hotel industry, Chip Conley, founder of Joie de Vivre Hospitality, dealt with the situation by not taking pay himself and reducing managers' salaries, but not reducing line-level employees' pay. With regard to dealing with this issue, these decisions can be seen as a(n) ______. strategy Chip Conley explains that Joie de Vivre Hospitality creates an "experience" for both customers and employees, and he cites this experience as a major reason for the company's success. This ability to create an "experience" could be seen as the company's _________. competitive advantage It is important for Joie de Vivre Hospitality to match its internal strengths and weaknesses with external opportunities and threats in the hotel industry. This is accomplished through a(n) _______. strategic plan When the hotel industry was in a downturn, Chip Conley made sure that workers felt their jobs would be safe. This could be seen as the management employee engagement activity of _______. providing support Chip Conley discusses how he wanted to differentiate his first hotel with a funky vibe and low price that would be accessible to everyone. This describes his intended direction, which is called _______. a vision statement Sets with similar termsChapter 325 terms morgan_ann8 Human Resource Management Chapters 1-1690 terms john_holliday8 Chapter 1 Test Questions31 terms jworthi Sets found in the same folderBA-4449 Human Resource Management: Chapter 2 Video5 terms hockeymsoe MQM 323: Chapter 312 terms avpx19 Ch 4 Video Assignment5 terms Baily_Manuppella2 HR EXAM #1 - CH. 517 terms madieskor Other sets by this creatorCocktails78 terms madieskor Cocktails145 terms madieskor WSET LEVEL 2 WINE & SPIRITS Quiz115 terms madieskor WSET Level 2 Review Quiz46 terms madieskor Verified questions
QUESTION What is free cash flow? If you were an investor, why might you be more interested in free cash flow than net income? Verified answer
QUESTION Find the present value of $500 due in the future under each of these conditions: a. 12% nominal rate, semiannual compounding, discounted back 5 years. b. 12% nominal rate, quarterly compounding, discounted back 5 years. c. 12% nominal rate, monthly compounding, discounted back 1 year. d. Why do the differences in the PVs occur? Verified answer
QUESTION Define each of the following loan terms, and explain how they are related to one another: the prime rate, the rate on commercial paper, the simple interest rate on a bank loan calling for interest to be paid monthly, and the rate on an installment loan based on add-on interest. If the stated rate on each of these loans was 4%, would they all have equal, effective annual rates? Explain. Verified answer
QUESTION "You're sick, we're quick," says a slogan announcing a newer healthcare business, the Minute Clinic. Staffed by either a nurse practitioner or physician's assistant, the clinics are located in drugstores and shopping centers. They treat walk-ins with routine problems for minimal cost. The clinics have begun to attract public attention. Some critics, however, call this type of medial care "inappropriate." Write a paragraph explaining what the clinic's business philosophy might be, and express your opinion about the clinic's pros and cons. Verified answer Other Quizlet setsThe Courts Exam 1197 terms brianna_giles44 4. Reactions of Organic Compounds16 terms CristianMGarcia The Orgins of Judaisms46 terms christine0129 Microbiology Lecture 1221 terms rpalandeng Related questionsQUESTION 37. Supply chain management is a key means of differentiation for a firm and a critical component in marketing and corporate strategy. 2 answers QUESTION Which is a reason why luxury brands strictly control the distribution of their products. 4 answers QUESTION What would most likely occur at the preapproach stage in a business selling situation? 10 answers QUESTION what is the most difficult marketing decision to understand and plan 5 answers |
The name of the hotel, joie de vivre, which means joy of life, best reflects the companys ________.
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