Every Year,10% of GE's Managers Are Assigned the Bottom Grade

question 57

True/False

Every year,10% of GE's managers are assigned the bottom grade during the annual review cycle,and if they don't improve,they are asked to leave the company.GE uses a forced ranking performance review system.

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Definitions:

Rationalizing the Decision

The process of providing logical reasons to justify a decision or course of action.

Utilitarian Approach

An ethical philosophy suggesting that the best action is the one that maximizes utility, often defined as maximizing happiness and reducing suffering.

Stakeholder Approach

A business strategy that considers the interests and impacts of all stakeholders, including shareholders, employees, customers, and the community.

Business Problem

a challenge or issue faced by a company that demands resolution for operational or strategic success.