TRUE/FALSE
1.HR leaders are not involved in the strategic planning process and are only involved in implementing the strategic plan after it has been developed by other organizational leaders.
2.Strategic planning is a process for making decisions about an organization’s long-term goals and how those goals are to be achieved.
3.An organization’s mission is its basic purpose and scope of its operations.
4.A company’s vision identifies the company’s long-term goals regarding what the
5.An organization’s core values are the enduring beliefs and principles that guide its
6.A business strategy is how an organization will compete in a particular market.
7.Human resource planning is aligning the organization’s human resources to effectively and efficiently accomplish the organization’s strategic goals.
8.Trend analysis refers to using future employment patterns to predict a firm’s future labor needs.
9.A staffing ratio is a mathematical method of calculating the number of employees needed by “indexing” headcount with a relevant business metric.
10.Judgmental forecasting relies on managers’ expertise to predict a firm’s future strategic needs.