271. What is the main purpose of a business strategy?
A. To focus attention on failing areas of business practice.
B. To decide hiring approaches.
C. To create a consistent corporate image.
D. To secure and sustain competitive advantage within a given market for goods and services.

272. Which of these models is not a rational planning approach?
A. Corporate-level strategic planning
B. Strategic business unit level strategic planning
C. Processual approach
D. Operational level strategic planning

273. What type of rationality is evident in the processual approach?
A. Instrumental
B. Unbounded
C. Bounded
D. Traditional

274. Which of the following is a ‘best fit’ approach?
A. Resource-based view
B. The universal approach
C. Competitive-advantage models
D. Bundles and high-performance working practices

275. Which approach that seeks to link strategy, business performance and HRM policies and practices, assumes that there are a number of HRM practices that are suitable for all organizations?
A. Best practice
B. Best fit
C. Resource-based view
D. Life-cycle models

276. Which personnel association uses the idea of bundles of integrated HRM practices?
A. European Association for Personnel Management
B. U.S. Office of Personnel Management
C. Chartered Institute of Personnel and Development
D. Association of Personnel Service Organisations

277. Which country is associated with the universal best practice approach?
C. Germany
D. Norway

278. Which approach towards HRM strategy does the Saatchi and Saatchi example illustrate?
A. Universal approach
B. Bundles of integrated HRM practices
C. Life-cycle models
D. Resource based approach

279. Focusing on core competencies means companies have the possibility of generating?
A. Human capital advantage
B. Larger profit margins
C. Better output
D. New staff

280. What is the primary limitation of the resource-based view?
A. It overlooks the significance of the wider environment.
B. It overlooks the importance of the organizations culture.
C. It does not consider the importance of employees.
D. It underestimates the role of line managers.


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