Eldorado Electronics Wants to Move from the Stagnant Calculator Industry

question 84

Multiple Choice

Eldorado Electronics wants to move from the stagnant calculator industry into the smart phone industry.To do so,however,it would have to make significant changes to its approach to product development in order to gain an edge in this competitive industry.What is the smartest next step for Eldorado Electronics?

• A)It should consider how its strategic plans will affect its HR needs.
• B)It should engage in human resources planning.
• C)It should apply principles of strategic human resources management.
• D)It should consider how its strategic plans will affect HR needs and also how its current HR status will affect its strategic plans.

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Definitions:

Worker Productivity

The measurement of the efficiency of a worker or workforce, evaluated by the amount of work output per unit of work input.

Health Insurance

Category of insurance that pays for losses due to illness or injury.

Social Security

Social Security is a government program that provides financial assistance to people with inadequate or no income, especially the elderly, disabled, and survivors.

Unemployment Insurance

A government program that provides temporary financial assistance to workers who have lost their jobs through no fault of their own.