List And Describe The Components Of Porter 's Strategy

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STRATEGIC HRM 1. List and describe the components of Porter’s Strategy typology a. Porter’s Strategy Typology focuses on the competitive advantage in which all or part of the market prefers the company’s products and/ or services. b. The two components consist of Low-Cost Strategy and Differentiation Strategy. i. Low Cost Strategy focuses on competing on the productivity and efficiency while keeping costs as low as possible to attract the prices to the customers. ii. Differentiation Strategy focuses on competing on added value to it, making it unique to the customers. 2. Explain the concept of “core capabilities” a. Core capabilities i. Focuses on the strategic performance to designate the company in the marketplace by achieving…show more content…
i. High Performance Work System 1. System that consists of maximizes employee knowledge, skill, commitment, and flexibility. Employees help establish a motivated workforce in which helps creates a High Performance Workforce. ii. Control-Oriented Work System 1. Focuses on the specific strategies by limiting the employee knowledge and skill requirements. 8. Summarize the components and principles of the two generic HR strategies 9. Explain how the components of a high performance work system (HPWS) fit with other systems in the organization (internal fit) 10. Explain the importance of internal fit of a HPWS in supporting (or not) the overall business strategy (external fit) THE LEGAL ENVIRONMENT: EQUAL EMPLOYMENT OPPORTUNITY & SAFETY 1. List the major provisions of each of the following pieces of EEO legislation a. The Civil Rights Act of 1964 b. The Civil Rights Act of 1991 c. The Age Discrimination in Employment Act of 1967 d. The Americans with Disabilities Act of 1990 e. The Family and Medical Leave Act of 1993 f. The Occupational Safety and Health Act of 1973 2. Discuss the purpose of the Uniform Guidelines on Employee Selection Procedures, including where the guidelines are applicable and how organizations should use them 3. Describe the two main forms of discrimination in employee selection and explain the key differences between them 4. Define the four-fifths rule and explain how organizations can use it to diagnose potential discrimination in
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