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Performance management is an ongoing process including the interrelated components of prerequisites,performance planning,performance execution,performance assessment,performance review,and performance renewal and recontracting.Please explain how the poor implementation of a phase in the process or how a disrupted link between any of the phases will have a negative impact on the performance management process as a whole.
Natural Resources
Raw materials and components provided by nature that can be utilized for economic gain.
Fixed Costs
Expenses that do not change with the level of goods or services produced by a business, such as rent, salaries, and insurance premiums.
Research and Development
The process focused on developing new products or improving existing ones, often involving scientific and technological innovations.
Culture-Specific Knowledge
Understanding and awareness of the unique aspects of a culture, including its norms, values, and practices, which is crucial for effective communication and interaction within that culture.
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