Workforce planning
HR stands for this.
What is human resources?
Planning tool designed to simplify complex decision by looking at probable outcomes.
What is decision tree?
A business owned by only one person.
What is a sole trader?
This is when two companies decide to share costs, risks and profit after setting up third business for a set amount of time.
When an employed work the maximum amount of hours per week its called this.
What is full time work.
Training that focuses on making a new employee familiar with his/her tasks and the business organisation.
What is induction training?
Chart that is used for planning projects, where you identify different tasks and the time frame to do them.
What is Gannt chart
Company that issue and sell shares on the stock market.
This is what its called when you pay a company to use their business concept and open up a new branch (for example a McDonald's restaurant).
What is franchising?
Method to cut costs by letting other companies be responsible for a different parts of the operations.
What is outsourcing?
What is dismissal?
Diagram designed to identify the reasons behind a certain problem.
What is fishbone diagram?
The payment, part of the profit, that shareholders expect to receive yearly.
What are dividends?
What is multinational companies?
When a business let businesses in other countries be responsible for parts of the operations its called this.
What is offshoring?
This is when an employees performance is reviewed in a formative way.
Decision tool where pro's and con's of two options are weighted against each other.
What is force field analysis?
NGO is short for this.
What is non-governmental organisation?
When a business expand by merging with another business on the same market AND the same stage of production is called this.
What is horizontal integration?
Rule that state that workers are allowed to dress a bit more relaxed on Fridays is called this.
What is casual Friday?
The formula for calculating labour turnover.
What is "number of staff leaving, divided by average number of staff employed, times 100.
Kaoru Ishikawa who designed the fishbone diagram worked for this famous company when i came up with his model in the 1960s
What is Kawasaki?
The "inventor" of micro financiers, Muhammad Yunis, won this very Pprestigous price in 2006.
What is the Nobel peace prize?
The fact that large companies have an advantage and for example can produce goods to a lower cost is called this.
What is economies of scale.
What is "freelancing"?