You Have Just Been Hired as the Director of Human

question 9

Multiple Choice

You have just been hired as the director of human resources at a mid-sized engineering company.The CEO has asked you to assist her in forecasting future human resources needs and would like you to first use a qualitative technique which is useful for long-range forecasting.Which technique do you choose?

• A)a formal expert forecast
• B)the nominal group technique
• C)an informal expert forecast
• D)the Delphi technique
• E)managerial judgment

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Definitions:

Business Portfolio

The collection of businesses, investments, products, or services that a company owns or operates, strategically managed to achieve optimal performance.

Competitive Advantages

Attributes that allow an organization to outperform its competitors, including product quality, brand, cost structure, and customer loyalty.

Cost Leadership

A strategic approach where a company positions itself as the provider of the lowest cost products or services in its industry.

Marketing Strategy

A marketing strategy is a business's overall game plan for reaching prospective consumers and turning them into customers of their products or services.