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DEI - Diversity, Equity, and Inclusion
A fair and respectful work environment where diversity is celebrated, equity is promoted, and everyone is included
Cash Budget..
A financial plan the estimated cash inflows and outflows over a specific period, helping manage liquidity and ensure organization
3 Ps in the triple bottom line
People, Planet, Profit
Management Definition...
The process of planning, organizing, leading, and controlling resources to achieve specific goals efficiently and effectively
Capital Budget
A budget for investments in long-term assets like property, equipment, or infrastructure that contribute to future revenue
Inclusion...?
Creating an environment where all individuals feel welcome, respected, and valued, regardless of their backgrounds
Culture Change..
A shift in the values, beliefs, and norms of an organization to align with new strategic goals or improve overall performance
HRM - Human Resource Management
The strategic approach to managing an organization's most valuable asset is its people. HRM includes recruitment, training, development, and employee relations.
Human Capital
The skills, knowledge, experience, and other attributions possessed by an individual or workforce that contribute to economic value
Servant Leadership
A leadership philosophy in which the main goal of the leader is to serve others, prioritize the well being and development of team members
Compensation Package
A collection of benefits offered to an employee, which may include salary, health insurance, retirement plans, paid leave, etc.
Unconscious Bias..
The Automatic and unintentional assumptions or judgments made about people based on stereotypes or experiences
Cognitive Diversity
The inclusion of individuals who think differently and bring unique problem-solving approaches, perspectives, and innovations to decision-making.
4 basic Components of emotional intelligence
Self-Awareness, Self-Regulation, Social Awareness, Relationship management
Income Statement
A financial report that shows a company's revenues, costs, and expenses over a period of time, highlighting the profit
TQM - Total Quality Management
A continuous improvement approach focusing on long term success through customer satisfaction, involving all members of an organization in the process.
Halo Effect..
A cognitive bias is where one positive trait of a person or thing influences overall perception often leading to assumptions about unrelated attributions.
Job Description..
A detailed document that outlines the duties, responsibilities, qualifications, and expectations for a specific job position.
Disruptive Innovation
A type of innovation that creates a new market and value network, eventually disrupting existing markets and displacing established companies and products
Prejudice
An unjustified or negative opinion about an individual or group, often based on stereotypes or misinformation.
Stereotyping
Generalizing characteristics or traits to an entire group of people, disregarding individual differences
Recruiting....
The process of attracting and identifying potential candidates for a job vacancy to build a pool of qualified applicants.
Balance Sheet
A financial statement that shows a company's assets, liabilities, and equity at a specific point in time, reflecting the financial position.
Organizational Development (OD)
A systematic approach aimed at enhancing an organization's effectiveness and facilitating growth through planned change and development in its structure, culture, and processes
Organizational Chart
A diagram that represents the structure of an organization, showing roles, responsibilities, and relationships between different positions and departments.