Leadership
This theory stipulates that leaders are born and not made, essentially. Characteristics are innate.
What is Trait Theory?
Is Human Resources Management considered a Primary activity or Secondary activity in the Value Chain and why?
What is Secondary? In terms of the value chain, HRM is not a revenue-generating function. It provides essential services to the line functions that contribute directly to value creation (R&D, Operations, Sales and Marketing, Fulfillment)
The flow of the Strategic Planning and Management Process includes: Formulation, Development, Implementation and__________.
What is evaluation?
It is a branding tool used to attract and retain talented people. It answers the questions about why a talented person would want to start working for the company and why they should want to continue to stay. Must be congruent with the org's external brand.
What does SHRM recommend as some best practices when developing/administering employee engagement surveys?
A. Baseline of questions to be used every year.
B. Keep language neutral or positive.
C. Focus on behaviors.
D. Keep a reasonable survey length.
E. Ask for a few written comments.
This leadership theory involves telling, selling, _____ and delegating.
What is participating?
(Hersey-Blanchard Situational leadership)
Describe Porter's 5 Forces. What is it and what are they?
A framework based on the premise that every industry and its members face similar competitive challenges: threat of entry, threat of substitution, bargaining power of suppliers, bargaining power of buyers, rivalry among competitors.
In a SWOT analysis, which influences are considered external and why?
(hint: 2 of the letters in S.W.O.T.)
What are: opportunities and threats? They impact the organization from outside as opposed to within.
What is a BFOQ and why is it important to know this?
A bona fide occupational qualification (BFOQ) is a legitimate job criterion that employers and legally and permissibly use to hire a foreigner (e.g. bring an expatriate into a country for a job). Employers who use the BFOQ defense must prove that all or substantially all local employees cannot perform the key duties and responsibilities required by the job position.
There are 3 primary objectives of a RJP - name 2.
Realistic Job Preview:
- gives candidates as much information as possible so they can make an informed decision about their suitability for the job
- allows the org. to portray the job objectively including both the favorable and the unfavorable aspects
- increases the potential of a good match between the candidate and the org.
What are the four types of potential (navigation) allies?
no hint - this is for 500 points!!
What are bureaucratic black belts, tugboat pilots, benevolent bureaucrats and wind surfers?
Regression analysis measures 2 things about a relationship between variables - what are they?
What is whether a relationship, in fact, exists and the strength thereof?
There are approximately 11 growth strategies listed on p. 11 (no peaking!). Name and describe 3.
What are: Strategic alliance, joint venture, equity partnership, merger/acquisition, franchising, licensing, contract manufacturing, management contract, turnkey operation, greenfield operation, brownfield operation.
How do you calculate cost per hire?
Add the sum of all external costs and all internal costs and divide by the total number of hires in a given time period. External costs include: 3rd party agency fees, advertising costs, job fair costs, travel costs. Internal costs include: salary & benefits of the recruiting team and fixed costs of physical infrastructure ie. ATS etc.
Turnover does not happen in a vacuum. How do we calculate it and how do we analyze it?
Rate = # of separations/ave # of employees in a period.
How does it compare YOY?
How does it compare to industry average?
How much does it cost?
Who is leaving (and why? )
What impact does it have on those that stay?
This leadership style is low task, high relationship
What is country-club manager?
Blake-Mouton Theory
What are the stages of the Life Cycle Concept?
What are Introduction, Growth and Maturity? After maturity: renewal, no growth and decline.
What are the components of a PESTLE analysis?
What are: political, economic, social, technological, legal and environmental?
There are 8 common elements of job descriptions. Name at least four.
What are: job identification, position summary, minimum qualifications, duties and responsibilities, success factors, physical demands, working conditions and performance standards.
The stages of the Employee Life Cycle include: Recruitment, _______, Development and Transition.
What is Integration?
Name the six approaches to leadership
(hint: C.A.A.D.P.C.)
There are six "A"s of Critical Evaluation and Evidence-Based Decision Making. What are they?
What are: ask, acquire, appraise, aggregate, apply and assess?
Describe the Growth-Share Matrix
Market share compared with market growth rate:
Stars - top left - high value
Cash cows - bottom left - reliable value, little growth
Question marks - could be winners or losers
Dogs - little share, little growth
Recruiting: name 3 internal and 10 external recruiting sources
You really can't go wrong here - get creative - good job!
DAILY DOUBLE - select a points wager commensurate with your confidence in the given topic
Who is your favorite SHRM exam prep instructor?