Explain the Forced Ranking Method Using Jack Welch's "Vitality Curve

question 113

Essay

Explain the forced ranking method using Jack Welch's "vitality curve." How successful is it as a performance management technique?

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Definitions:

Trend Line

A line drawn on a graph to show the general direction in which a group of points seem to be heading.

Motor Oil Sales

Motor oil sales pertain to the commercial activity of selling motor oil, a lubricant used in internal combustion engines to reduce friction and clean the engine.

Forecast

A prediction or estimate of a future event or trend, based on current and historical data analysis.

Time Series

Sequentially ordered points of data recorded over intervals of time, analyzed to understand the underlying patterns for forecasting future trends.