Eldorado Electronics wants to move from the stagnant calculator industry into the smart phone industry.To do so,however,it would have to make significant changes to its approach to product development in order to gain an edge in this competitive industry.What is the smartest next step for Eldorado Electronics?
A)It should consider how its strategic plans will affect its HR needs.
B)It should engage in human resources planning.
C)It should apply principles of strategic human resources management.
D)It should consider how its strategic plans will affect HR needs and also how its current HR status will affect its strategic plans.

Question

Quizplus · Accepted Answer

Eldorado Electronics needs to consider both how its strategic plans will affect its HR needs and how its current HR status will affect its strategic plans. By doing so, the company can ensure that it has the necessary talent and resources to successfully enter the smart phone industry, and that its current HR practices align with its new strategic direction. Engaging in human resources planning and applying principles of strategic human resources management are both important steps in achieving this goal, but they alone do not address the full scope of HR considerations that Eldorado Electronics needs to consider as it enters this new market.

Eldorado Electronics Wants to Move from the Stagnant Calculator Industry