Doing something different that allows you to perform better than competitors
What is Competitive Advantage
100
a system of beliefs about how an organization's employees should be treated
What is talent philosophy
100
defines how the firm will compete in the marketplace
What is business strategy
100
firms that focus on a narrow market segment or niche and pursue either a differentiation or cost-leadership strategy within that segment
What is Specialization Strategy
100
an organization's staffing strategy should be derived from and be clearly supportive of its _____.
What is Human resource strategy
200
What are the 5 criteria for a resource to be considered a source of competitive advantage?
What is resources must be valuable, rare, not easily imitated, not easily substituted, and the company must be organized to exploit these resources
200
a firm's ____ links the entire human resource function with the firm's business strategy
What is human resource strategy
200
companies that strive to be the lowest-cost producer in an industry for a particular level of product quality
What is Cost Leadership Strategy
200
Firms pursuing a specialization strategy often try to develop a competitive advantage based on ____, which is delivering unique and customizable products/services to their customers to increase loyalty
What is Customer Intimacy
200
______ are people who are perceived by the organization to be regular employees who are central to what the organization does or produces
______ are contingent workers and have less job security
What is Core Workforce; Flexible Workers
300
a company's resources and competencies can produce a sustained competitive advantage by creating value for customers by lowering costs, providing something of unique value, or some combination of the two.
What is Resource-based view of the firm
300
an organization's overall _____ is the constellation of priorities, policies, and behaviors used to manage the flow of talent into, through and out of an organization over time.
What is Staffing Strategy
300
a firm that attempts to develop products or services that have unique characteristics valued by customers
What is a Differentiation Strategy
300
this strategy involves expanding the company to either increase the firm's sales or allow the company to achieve economies of scale
What is Growth Strategy
300
_____ is a preference for developing employees and promoting from within to fill job openings
_____ is a preference for filling jobs with new employees hired from outside the organization
What is internal talent focus; external talent focus
400
Staffing Strategy: recruiting and hiring without a specific job opening
What is talent oriented staffing
400
A firms staffing strategy ultimately reflects its ____, ____, ____.
What is business strategy, human resources strategy, and talent philosophy
400
firms focusing on a differentiation strategy will often try to develop a competitive advantage based on ____, which requires employees to continually develop new products and services
What is product innovation
400
This is a common way for a firm to pursue a growth strategy
What is Mergers and Acquisitions
400
Staffing done before situations or issues arise:_____
Staffing done in response to situations or issues:____
What is proactive staffing; reactive staffing
500
Achieving a competitive talent advantage requires these two things:
-Hiring and retaining outstanding people and producing a stock of exceptional talent:____
-Obtained when the firm's work gets done in a superior way:____
What is human capital advantage; human process advantage
500
Staffing Strategy: when the different business units of a company each house their own staffing functions; gives units localized control over their recruiting and staffing activities; more responsive to the needs of hiring managers
What is decentralized staffing
500
A company that follows a cost-leadership strategy will try to develop a competitive advantage based on _____, which is maximizing the efficiency of the manufacturing or product development process to minimize costs
What is Operational Excellence
500
Staffing Strategy: a situation in which all of an organization's staffing activities are channeled through on unit; allows for great economies of scale; multiple position can be filled from the same candidate pool
What is What is centralized staffing
500
organizations that recruit when they need to fill a specific job opening