Explain the Performance Appraisal Process and the Uses of Performance

question 24

Essay

Explain the performance appraisal process and the uses of performance appraisal data.

Understand the concept of organizational creativity and innovation, including their differences and interrelation.

Identify and analyze models of decision-making within organizations, including rational, political, and evidence-based models.

Recognize the barriers to creativity and innovation within organizations, such as perceptual, emotional, and cultural blocks.

Explore various influence methods within organizations and their effectiveness.

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Definitions:

Inelastic

Describes a situation where the demand or supply for a good or service is relatively unaffected by changes in price.

Midpoint Method

A technique used to calculate the elasticity of demand or supply, offering a more accurate measure by averaging the beginning and end prices and quantities.

Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in its price, indicating the sensitivity of demand to price changes.

Most Elastic

Refers to the responsiveness of demand or supply to changes in price or income, with "most elastic" indicating the greatest sensitivity.