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HRM Vocab - Chapter 14
MGMT 6260
11
Sociology
Graduate
05/02/2013

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Term
Alignment
Definition
The state in which organizational practices are in their proper place relative to other practices.
Term
Vertical Alignment
Definition
The state in which an organization's human resource strategy supports its competitive business strategy.
Term
Horizontal Alignment
Definition
The state in which individual human resource practices fit together and support each other.
Term
Turnaround Strategy
Definition
A competitive business strategy that focuses on radical change to return a company to profitability.
Term
Global Expansion Strategy
Definition
A competitive business strategy that focuses on increasing an organization's presence in foreign countries.
Term
Growth Strategy
Definition
A competitive business strategy that focuses on expanding products and services into new markets.
Term
Rational strategic approach
Definition
An approach in which organizational leaders carefully plan a strategy before carrying it out.
Term
Evolutionary Strategic Approach
Definition
An approach in which an organization's strategy unfolds over time in response to common issues.
Term
Intangible Assets
Definition
Nonphysical assets that represent value to an organization.
Term
Positional Power
Definition
Power that is based on one's formal role within the organization
Term
Expert Power
Definition
Power that is based on one's knowledge and skills
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