Examlex
Which of the following components of the HRM system focuses on ensuring employees learn and build the skills and abilities needed to perform their jobs effectively in the present as well as in the future?
Balanced Scorecard
The Balanced Scorecard is a strategic planning and management system that organizations use to align business activities to the vision and strategy, improve internal and external communications, and monitor performance against strategic goals.
SWOT Analysis
A strategic planning technique used to identify an organization's Strengths, Weaknesses, Opportunities, and Threats.
Internal Analysis
The process of evaluating an organization's strengths and weaknesses by reviewing its resources, capabilities, and competencies.
Trend Analysis
Trend analysis is the practice of collecting data and analyzing patterns over time to predict future movements, make comparisons, or identify significant changes.
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