Maori Business Concepts
What is the Maori translation for care and hospitality
Maanakitanga
Business expansion
growing a business
HR short for what
Human Resources
Why should a business consider cash flow before buying new equipment
To ensure it can afford and still pays its other expenses
Available through banks like ANZ and ASB, this flexible credit arrangement allows a business to continue drawing funds even when its account balance drops below zero.
overdraft
Guidelines to how to run your business
Tikanga
Name two types of mergers
horizontal and vertical mergers
Essential to retain staff and devlop skills
training
An investment is the allocation of money today with the expectation of generating this in the future
Income
Unlike a floating or variable rate, this type of interest rate remains completely unchanged for a specified period, protecting borrowers from market rate hikes.
a Fixed rate
Think of the children
Kaitiakitanga
Explain economies of scale
cost advantage due to scale of operation eg: purchasing in bulk
Explain two consequences of High Staff Turnover
- Loss of experience - higher recruitment - training costs
Unlike saving money in a bank account, investing involves accepting this trade-off, where higher potential returns come with higher potential loss.
risk
Non-numerical, exploratory research aimed at understanding underlying reasons, opinions, and motivations
Qualiatative Research
Building Connections
Whanaungatanga
What is product development
Creating or launching new goods or services to the market
In human resources, this simple term describes the internal drive, desire, or reason that causes an employee to work hard and reach their goals.
motivation
This core concept of investing involves spreading money across different asset classes—such as shares, property, and bonds—to lower overall risk.
diversification
How do you find net cashflow
inflow- total outflow
Relates to Self - determination and ownership
Tino Rangitiratanga
What does reducing heavy reliance on a single market, region or product line mean?
diversity risk
HR departments in New Zealand use this basic agreement—commonly called an EA or IEA—which every employee must sign before starting work.
Employment Agreement (or employment contract)?
Buying shares in companies listed on the NZX gives investors a small percentage of this in the business.
equity (or ownership)?
Person or group affected by, or interested in a business
Stakeholder