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You graduated from college two years ago and began working at Hampstead Electronics. You have received good performance evaluations and a raise. You just found out that your organization has hired a recent college graduate with no experience at a higher salary than you are now making. You consider this an unfair act and resolve to do something about it. Which of the following theories best describes such a situation?
Metrics
Metrics are quantifiable measures used to track and assess the status of specific business processes, outcomes, or performance, aiding in decision-making and strategy refinement.
Input Metric
An indicator or measure used to assess specific aspects or performance within a system or process.
New-Product Pipeline
The process and stages that a new product goes through from conception to commercialization, including ideation, development, and launch.
Innovation
The process of creating new ideas, products, or methods, which bring about significant improvements or competitive advantage.
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