While Making Data Driven Decisions Is Important in Other Areas

question 52

True/False

While making data driven decisions is important in other areas of HRM,decisions related to HR planning and recruitment are most effective using more subjective,intuitive methods.

---

Definitions:

Sustained Competitive Advantage

The ability of a firm to maintain a unique value proposition in the market that cannot be easily replicated by competitors, thus ensuring long-term success.

Strategy

The formulation of organizational objectives, scopes, and action plans for gaining advantage.

Objectives

Goals or outcomes that an organization or individual aims to achieve within a specified timeframe.

Strategic Planning

The process of defining an organization's strategy or direction, and making decisions on allocating its resources to pursue this strategy.