What Does the Comparative Approach Do in Terms of Measuring

question 8

Essay

What does the comparative approach do in terms of measuring performance? Discuss ranking as a technique that falls under the comparative approach.

---

Definitions:

Human Resource Planning

The process through which companies ensure they have the right number and kind of people, in the right places, at the right times, capable of effectively and efficiently completing tasks that help the organization achieve its overall strategic objectives.

Big Data

Vast datasets that, when analyzed with computational tools, can disclose various patterns, trends, and links, mainly concerning human behavior and interactions.

Five Pillars

A term often used in various contexts to describe the fundamental principles or components upon which a system, theory, or organization is built or stands.

Extract Value

The process of deriving the maximum possible benefit or usefulness out of resources, assets, or situations.