Forecasting May Be as Informal as Having One Person Familiar

question 31

True/False

Forecasting may be as informal as having one person familiar with the organization anticipate HR needs.

---

Definitions:

Tacit Knowledge

Refers to the know-how or skills that individuals possess but are unable to articulate or formalize into written documents.

Behavior Modification

A therapeutic approach that applies principles of learning to change human behavior, especially utilizing reinforcement and punishments.

Human Thoughts

Mental processes that involve the manipulation of information, such as reasoning, problem-solving, and decision-making.

Organizational Learning

The process through which an organization acquires, develops, and transfers knowledge to improve its performance.