GENERAL KNOWLEDGE

Detailed explanation-1: -Proponents say that forced ranking is the best way to identify the high-potential employees who should be given training, promotions and financial incentives. In addition, they claim it’s a vital tool to identify the bottom performers who should be helped up or out.

Detailed explanation-2: -Traditional, vertically organized companies have three levels of management: top management, middle management, and supervisory-level management. Horizontal companies have top and middle management. Horizontally organized companies have self-managed teams that set their own goals and make their own decisions.

Detailed explanation-3: -Step one is usually called strategic planning, which is the process of establishing an overall course of action.

Detailed explanation-4: -In general, standing plans contain rules, policies and procedures that define actions to take in certain situations or actions that must be completed to accomplish a particular goal.