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Competitive Intelligence
The gathering and analysis of information about competitors' activities and strategies to inform business decision-making.
Formal Approach
A structured method or procedure in management and organization, characterized by established rules and regulations.
HR Planners
Professionals within an organization who are responsible for developing strategies to meet future workforce needs, matching human capital to business objectives.
External Environment
The external forces, including economic, political, social, technological, and legal factors, that can influence an organization's activities and performance.
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