Sometimes a Company Can Short-Circuit the Task of Building an Organizational

question 90

Multiple Choice

Sometimes a company can short-circuit the task of building an organizational capability in-house by

• A)putting in high-incentive bonuses to reward individual employees who train hard to develop the desired capability.
• B)launching an extensive training effort to develop the capability quickly with newly hired employees.
• C)either acquiring a company that has already developed the capability or else acquiring the desired capability through collaborative efforts with outsiders having the requisite skills, know-how, and expertise.
• D)using benchmarking and the adoption of best practices to imitate a capability that rivals have already developed.
• E)empowering a team of employees to develop the capability however they best see fit.

Identify and explain various human resource management functions and responsibilities.

Recognize the importance of job design and how it influences organizational effectiveness.

Describe the selection process and its importance in achieving organizational goals.

Explain the role of compensation and benefits as a function of human resource management.

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Definitions:

Payback Period

The length of time it takes for an investment to generate cash flows sufficient to recover its initial cost.

Payback Period

The length of time it takes for an investment to recover its initial outlay in terms of profits or savings, used as a measure of investment risk.

Cash Operating Expenses

Costs directly associated with the operation of a business that require cash payment, excluding non-cash expenses such as depreciation.

Simple Rate

A term not commonly used in a standard context, possibly referring to a basic interest rate in financial terms.