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Chapter 2

Introduction: Business Strategy . A plan that integrates the company's goals, policies, and actionsThe strategy influences how the company uses:physical capital (plants, technology, and equipment)financial capital (assets and cash reserves)human capital (employees)The business strategy helps

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Chapter 2

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    1. Chapter 2 Strategic Training

    2. Introduction: Business Strategy A plan that integrates the company�s goals, policies, and actions The strategy influences how the company uses: physical capital (plants, technology, and equipment) financial capital (assets and cash reserves) human capital (employees) The business strategy helps direct the company�s activities to reach specific goals

    3. Strategy impacts training with a strong influence on determining: (1 of 2) The amount of training devoted to current or future job skills The extent to which training is customized for: the particular needs of an employee, or developed based on the needs of a team, unit, or division Whether training is restricted to specific groups of employees or open to all employees

    4. Strategy impacts training with a strong influence on determining: (2 of 2) Whether training is: planned and systematically administered, or provided only when problems occur, or spontaneously as a reaction to what competitors are doing The importance placed on training compared to other human resource management practices such as selection and compensation

    5. Evolution of Training�s Role

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