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HRM Chapter 14
Vocabulary
Term | Definition |
---|---|
Alignment | The state in which organizational practices are in their proper place relative to other practices. |
Evolutionary strategic approach | An approach in which an organization's strategy unfolds over time in response to common issues. |
Global expansion strategy | A competitive business strategy that focuses on increasing an organization's presence in foreign countries. |
Growth strategy | A competitive business strategy that focuses on expanding products and services into new markets. |
Horizontal alignment | The state in which individual human resource practices fit together and support each other. |
Rational strategic approach | An approach in which organizational leaders carefully plan a strategy before carrying it out. |
Turnaround strategy | A competitive business strategy that focuses on radical change to return a company to profitability. |
Vertical alignment | The state in which an organization's human resource strategy supports its competitive business strategy. |