Compare Related and Unrelated Diversification

question 43

Essay

Compare related and unrelated diversification.

Understand the concept and uses of HR analytics in workforce management.

Describe self-service solutions in HR and their major functions.

Explain how enterprise portals and mobile technologies enhance human resource planning.

Understand the role and impact of ERP systems in improving HR planning, including benefits and challenges.

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Definitions:

Inverse Relationship

A correlation between two variables in which one variable increases as the other decreases, and vice versa.

Correlation Coefficient

A statistical measure that indicates the extent to which two variables fluctuate together.

Statistical Measure

A quantifiable value representing a summary or characteristic of a set of data, used in analyzing or interpreting data.

Normal Curve

A symmetrical, bell-shaped curve that represents the distribution of many types of data where most scores fall near the mean, with fewer and fewer near the extremes.