COMMERCE 4BM3 Lecture 2: Week 2.docx
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Identify metrics by which the success of hr strategy can be measured. : includes incremental, international, and mergers and acquisitions. Incremental growth: can be attained by expanding the client base, increasing products/services, changing the distribution networks, or using technology. International growth: can be attained by seeking new customers or markets by expanding internationally: acquisition: the purchase of one company by another, merger: two organizations combine resources and become one, stability. : these are maintenance strategies where companies do not wish to see their companies grow and so their strategic hrm practices remain constant. These can be called: maintains status quo, neutral, do-nothing strategy, knowing the stage of the organization"s lifecycle really helps to identify these strategies. The characteristics of a firm that enable it to earn higher rates of profits than its competitors by utilizing its resources, including: tangible assets: organizational assets that have substance and.