What is NOT a component of the process in the acronym ICOR?

ICOR is an acronym that represents a systematic approach commonly used in various processes and frameworks, particularly in talent development and performance management. The components of ICOR stand for Inputs, Controls, Outputs, and the Relationships among them.

The first component, Inputs, refers to the resources, information, or conditions necessary for a process to begin. Controls involve the mechanisms or systems put in place to monitor and regulate the process to ensure it meets desired standards. Outputs represent the results or products generated from the process, indicating whether the inputs were effectively utilized and the desired objectives were met.

Prices, however, do not fit into this framework. They do not represent a direct aspect of the critical processes involved in ICOR. Instead, prices could be considered a factor in related discussions about budgeting or financial considerations but are not inherent to the core components of the ICOR model. Thus, recognizing that Prices is the term that does not align with the process outlined by ICOR clarifies its exclusion from the framework.