Question

HR management is exclusively concerned with activities and forces within the firm

a. true
b. false

Answer 1

HR management is not only concerned with internal activities but also external forces influencing an organization's workforce strategies, debunking the statement as false.

Step-by-step explanation:

The statement that HR management is exclusively concerned with activities and forces within the firm is false. HR management not only specializes and focuses on the retention of employees and hiring practices to minimize firings and maximize hirings relative to the organization's size, but it also deals with external factors.

These can include labor market conditions, laws and regulations, technological changes, and economic shifts that directly influence how a firm addresses its workforce needs and communicates with potential candidates. The theory of the firm highlights that a firm's behavior is influenced by a variety of internal and external decisions concerning the production of valuable outputs from various inputs such as labor, capital, and materials.

Answer 2

The statement is false; HR management deals with both internal and external factors that affect the retention and hiring of employees, ensuring alignment with labor laws, market conditions, and workplace trends.

Step-by-step explanation:

The statement that HR management is exclusively concerned with activities and forces within the firm is false. HR management not only specializes and focuses on the retention of employees and hiring practices, but it also involves interacting with external environments regarding compliance with labor laws, adapting to economic conditions and labor markets, and recognizing trends that can affect the organization's ability to attract and retain talent.

The scope of HR extends beyond the internal confines of the firm, as HR professionals also monitor external factors that can influence the firm's workforce and overall success.

HRM is often referred to simply as human resources (HR). A company or organization's HR department is usually responsible for creating, putting into effect and overseeing policies governing workers and the relationship of the organization with its employees. The term human resources was first used in the early 1900s, and then more widely in the 1960s, to describe the people who work for the organization, in aggregate.