Define Internal Locus of Control and External Locus of Control

question 136

Essay

Define internal locus of control and external locus of control, and explain the concepts with suitable examples.

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Definitions:

Human Capital Segmentation

The process of dividing an organization's human capital into key groups based on various criteria for strategic management purposes.

HR Supply Analysis

The process of determining the future supply of human resources available within an organization, accounting for factors like retirements, promotions, and turnovers.

Skills Inventories

Databases or lists that track the abilities, qualifications, and experiences of an organization's employees.

Management Inventories

An assessment or compilation of the skills, abilities, and potential of the management team within an organization.