Midterm Exam 1 Practice

What is the difference between a Corporate Strategy and a Business Strategy?

Identify 2 errors in strategic planning
The analysis of the external environment consists of 4 stages. List and explain each stage
Briefly describe demographic factors and list 3 generational groups
Explain the difference between Human Capital Stock and Human Capital Flow

1. Know the definitions for the following:

liquidation
merger
turnaround
divestiture
Bankruptcy
2. Who are stakeholders
3. Which is the term is used for ascertaining the net requirement for human capital:
4. Another name for Contingency Planning:
5. Which environmental factor does unemployment rate refer to?
A legislative
B political
C demographic
D Economic
6. Define strategy:
7. What is the first step creating an effective strategic plan:
8. What is the second step of the strategic planning process
9. What do you know about Resource based view of strategic HRM?
10. With Human capital theory of strategic HR management would consider which factor to be correct?
11. What is the definition of strategic human resources management?
12. What are the three factors that classical economics considers in the production of goods and
services?
13. In the future, it is predicted that one in five Ontarians will have a disability as the population ages.
Which stage in the environmental scanning process does this information apply to?
14. When using competitive intelligence to obtain information about competitors, which two
evaluation questions must be asked?