The Central Feature of the Value Chain Is Its Focus

question 20

True/False

The central feature of the value chain is its focus on activities and processes rather than functions or departments.

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Definitions:

Performance Management

A continuous process by which managers and employees work together to plan, monitor, and review an employee's work objectives and overall contribution to the organization.

Performance Appraisal

The process of evaluating an employee's job performance and providing feedback on their strengths and weaknesses.

Extinction

In psychology, a process by which a previously learned behavior decreases in frequency or stops altogether as a result of non-reinforcement.

Alternative To Punishment

Techniques or strategies used to modify behavior that do not involve penalizing the individual, focusing on positive reinforcement or corrective measures instead.