The Most Important Promotion-Related Decisions Are

question 79

Essay

The most important promotion-related decisions are
whether or not the promotion will involve a transfer.
whether to take future potential into account.
whether the promotion process will be formal or informal.
whether promotion will be based on seniority or competence or some combination of the two.
how competence will be defined and measured.

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Definitions:

Mass Manufacturing

The production of large quantities of standardized products, often using assembly line techniques and machinery.

Economic Markets

Systems or environments within which parties engage in exchange of goods, services, or information.

Business Flexibility

The ability of a company to adapt quickly and efficiently to changes in its external environment, including market demands, technology, and regulatory shifts.

Taylorism

A theory of management that analyzes and synthesizes workflows, aiming to improve economic efficiency, especially labor productivity, also known as scientific management.