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Describe the Differences and Relationships Between Resources,capabilities and Core Competencies

question 27

Essay

Describe the differences and relationships between resources,capabilities and core competencies.How do these items relate to inside-out analysis?


Definitions:

Merit Raise

A pay increase given to individual workers according to an evaluation of their performance.

Performance Evaluation

The process of assessing an employee's job performance against pre-determined standards or objectives.

Point System

A method of evaluation or reward where points are assigned based on performance or achievement.

Job Evaluation

A systematic process for determining the relative worth of a job within an organization, often used to establish fair compensation.

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