HRM 498 OUTLET Education Terms/hrm498outlet.com HRM 498 OUTLET Education Terms/hrm498outlet.com | Page 2

HRM 498 Week 5 Learning Team Assignment Strategic HRM Plan, P art IV Final Report (2 Papers) HRM 498 Week 5 DQ 1 ================================================= HRM 498 Final Exam Guide FOR MORE CLASSES VISIT www.hrm498outlet.com 1. An organization's human resources are a means by which the firm f osters a sustained competitive advantage. 2. To achieve sustainable competitive advantage through people, an organization's employees' skills, knowledge, and abilities must be wide ly available in the labor market. 3. Organizations set major objectives and develop comprehensive pla ns to achieve those objectives through strategic planning. 4. Human Resource Planning (HRP) is the conducting of recruitme nt and selection methods according to a strategic plan. 5. Strategic HRM is a combination of strategic planning and HR pla nning. 6. Organizations set major objectives and develop comprehensive pla ns to achieve those objectives through human resource planning.