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marissa [1.9K]
4 years ago
14

A manager states that "HRD must become more strategic." What does this statement mean, and what can HRD professionals do to prac

tice "strategic HRD?"
Business
1 answer:
schepotkina [342]4 years ago
6 0

Answer:  Strategic Human Resource Development(SHRD) can be defined as a systematic process of developing the skills and competencies of people through talent development, leadership development, employee development, performance and training development.

Strategic Human Resource Development is basically how human resource development is applied and aligned to achieve the organizational goals and objectives.

One of the important components of SHRD is training, selection and development.

Employees need to be imparted with adequate training to develop their skills and be motivated enough with right kind of incentives and compensation system so as to boost their efficiency, retain their services and to ensure that their activities are in alignment with organizational goals and strategies.

You might be interested in
Why is the market for honey efficient despite the potential problem of pollination externalities?
sdas [7]

Answer:

The correct answer is letter "B": Beekeepers are paid for the pollination services their bees provide, thus internalizing the externality.

Explanation:

Internalizing the externality refers to transferring the obligation (costs) from a negative externality -pollution or congestion in traffic, for instance- from outside to inside. This can be achieved by imposing taxes, property rights, tolls, and subsidies from the state.

5 0
4 years ago
Select the incorrect statement regarding relevant costs and revenues. Group of answer choices Sunk costs are never relevant for
raketka [301]

Answer:

The incorrect statement regarding relevant costs and revenues:

To be relevant, a cost or revenue must not be future-oriented and must differ between the alternatives.

Explanation:

For a cost or revenue to be considered as relevant, it must be incurred or earned at a future time.  It must also differ between the options available for decision making.  A cost or revenue cash flow is relevant if it arises from a management decision and can be avoided.  This simply means that if the cost or revenue is not affected by management decision or does not make any difference in decisions, it is not relevant.

6 0
3 years ago
Satchel Inc purchases 10,000 shares of its own previously issued $10 par common stock for $290,000. Assuming the shares are held
BaLLatris [955]

Answer:

a. No effect

b. Decreases in total asset

c. No effect

d. Decreases in total stockholder equity

Explanation:

Given that

Number of shares purchased = 10,000 shares

Par value = $10

Common stock = $290,000

By using the above information, we can interpret that

a. There is no effect on the net income

b. The total asset is decreased by $290,000 as it reduces the cash balance for $290,000

c. There is no effect on the total paid-in-capital

d. Total stockholder equity is decreased by  $290,000

We assume that treasury stock is accounted for using the cash method

5 0
3 years ago
Shari is analyzing an incentive plan she has at work and has just completed exercising the option. What process has Shari comple
ale4655 [162]

Considering the situation described above, the process Shari has completed is known as "<u>Choice of Alternative Plans."</u>

The choice of alternative plans is the sixth step in the planning process. It is the stage in which the decision-maker chooses the right choice out of the available options.

The option taken at this point is carried out based on an evaluation of the situation.

Thus given that Shari has just completed exercising the option, this is the <u>choice of alternatives </u>she has completed.

The stages in the process of planning include the following:

  • Perception of opportunities
  • Establishing objectives
  • Planning premises
  • Identification of alternatives
  • Evaluation of alternatives
  • Choice of alternative plans
  • Formulating of supporting
  • Establishing a sequence of activities.

Hence, in this case, it is concluded that the correct answer is "<u>Choice of alternative plans."</u>

Learn more about the process of planning here: brainly.com/question/24382217

8 0
2 years ago
As a factor of production, how is capital created? A. By adding land to entrepreneurship B. By adding human labor to land C. By
Dennis_Churaev [7]

Answer:

B

Explanation:

By adding human labor to land

7 0
3 years ago
Read 2 more answers
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