{"id":35550,"date":"2024-04-15T09:48:27","date_gmt":"2024-04-15T09:48:27","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=35550"},"modified":"2024-04-15T09:48:27","modified_gmt":"2024-04-15T09:48:27","slug":"match-the-items-of-list-i-with-the-items-of-list-ii-according-to-the-harvard-framework-developed-for-hrm-list-i-list-ii-a-stakeholders-interest-1-work-systems-b-situational-factor-2-cost-ef","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/match-the-items-of-list-i-with-the-items-of-list-ii-according-to-the-harvard-framework-developed-for-hrm-list-i-list-ii-a-stakeholders-interest-1-work-systems-b-situational-factor-2-cost-ef\/","title":{"rendered":"Match the items of List-I with the items of List-II according to ‘The Harvard Framework’ developed for HRM. List-I List-II a. Stakeholder’s interest 1. Work systems b. Situational factor 2. Cost-effectiveness c. HRM policy choice 3. Individual well-being d. HR outcome 4. Government d. Long-term consequence 4. Business strategy"},"content":{"rendered":"

[amp_mcq option1=”a-4, b-1, c-2, d-3, e-5″ option2=”a-5, b-4, c-2, d-1, e-3″ option3=”a-4, b-5, c-1, d-2, e-3″ option4=”a-1, b-5, c-2, d-3, e-4″ correct=”option3″]<\/p>\n

The correct answer is: C. a-4, b-5, c-1, d-2, e-3.<\/p>\n

The Harvard Framework is a conceptual framework for human resource management (HRM) that was developed by the Harvard Business School. The framework identifies four key elements of HRM: stakeholders’ interests, situational factors, HRM policy choices, and HR outcomes.<\/p>\n

Stakeholders’ interests are the needs and expectations of the various groups that have an interest in the organization, such as employees, shareholders, customers, and the government. Situational factors are the external and internal factors that influence the organization’s HRM practices, such as the industry, the economy, and the organization’s culture. HRM policy choices are the specific HRM practices that the organization adopts, such as recruitment, selection, and training. HR outcomes are the results of the organization’s HRM practices, such as employee satisfaction, productivity, and profitability.<\/p>\n

The Harvard Framework is a useful tool for organizations to use to develop and implement effective HRM practices. By understanding the needs of their stakeholders, the situational factors that influence their organization, and the possible HRM policy choices, organizations can make informed decisions about how to best manage their human resources.<\/p>\n

The following is a brief explanation of each option:<\/p>\n