The Strategic Role of Human Resource Management (HSC SSCE Business Studies): Quizzes

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The Strategic Role of Human Resource Management
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What does human resource management (HRM) primarily focus on achieving?

The strategic goals of the business

Which three key functional areas should HRM work cooperatively with to create value?

Operations, Marketing, and Finance

What are the three interconnected strategies that strategic HRM focuses on?

Retain, reward, and motivate employees

Why is a well-managed workforce considered a sustainable competitive advantage?

It develops over time and cannot be copied

What capability do businesses with effective HRM practices gain regarding organisational change?

Better equipped to manage change

At what organisational levels must effective leadership development occur?

At all levels of the organisation

What is a key challenge created by an ageing workforce?

Transferring knowledge before staff leave

Which area must HRM address regarding the increased role of technology?

Managing its human implications

What is a potential disadvantage of global outsourcing decisions?

Risk to employment relationships and morale

What critical role does HRM play regarding ethics and corporate social responsibility?

Communicating the organisation's position

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