Examlex
Which of the following strategies identified by Michael Porter helps organizations concentrate on a specific market segment to achieve a cost advantage?
Ranking Method
A method used in various contexts to arrange items or individuals in order based on certain criteria, often for evaluation or prioritization purposes.
Forced Distribution Method
A performance management system where employees are ranked in groups and forced into predetermined categories, such as top, middle, and bottom performers.
Performance Improvement Plan
A formal document created to outline an employee's performance deficiencies and set goals for improvement.
HR Department
The division within an organization that is focused on activities relating to employees, including hiring, training, compensation, and compliance with labor laws.
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