________ Is a Historically Popular Technique Through Which Managers Create

question 69

Multiple Choice

________ is a historically popular technique through which managers create a quick overview of a company's strategic situation-it is based on achieving a sound fit between internal resources and the external situation.

• A) Internal analysis
• B) External analysis
• C) Value chain analysis
• D) SWOT analysis

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Definitions:

Underrewarded

Underrewarded refers to a situation where the value of the work performed or the contribution made by an individual or group is not adequately compensated or recognized.

Nonmonetary Rewards

Incentives or benefits given to employees that do not involve direct financial compensation, such as recognition, flexible working hours, or professional development opportunities.

Job Evaluation

A systematic process for determining the relative worth of a job in relation to other jobs within an organization, often to inform compensation decisions.

Point Factor Rating Method

A systematic approach used in job evaluation that assesses jobs based on a range of factors, each assigned a point value based on its importance.