Validity
Validity is strategy evaluation criterion associated with the strategy and its related calculations and other assumptions being well-grounded and meaningful.
Definitions
According to the Corporate Strategy by Lynch (4th edition),
- Validity. Strategy evaluation criterion associated with the strategy and its related calculations and other assumptions being well-grounded and meaningful.
According to the HRBoK Guide,
- Validity. Reliability, true evaluation. The extent to which something is accurate (for example, the extent to which an exam actually measures what it claims to measure).