How HRM initiatives affect business strategy through the overall talent strategy, company culture,ethics,investments in people,and the implementation of change Initiatives is an example of __________.

Question

Quizplus · Accepted Answer

The given statement refers to the integration of HRM initiatives with business strategy, which falls under the category of strategic risk. Strategic risk is the risk of not being able to execute the business strategy effectively or efficiently, and HRM initiatives play a vital role in mitigating this risk by aligning the talent strategy, culture, ethics, and change initiatives with the overall business objectives. Operational risk relates to the risks arising from the business's day-to-day operations, financial risk refers to the risks arising from financial decisions, and compliance risk refers to the risk of not adhering to legal and regulatory requirements. None of these categories explains the given statement appropriately.

How HRM Initiatives Affect Business Strategy Through the Overall Talent