Ch1 Vocabulary
All the processes and activities carried out to support operations and generate income
Business Functions
The moral principles that regulate or control a person's behavior
Ethics
It's aim at pursuing a charitable, religious, artistic, educational or scientific, or literary purpose
Non-profit
He failed over 10,000 times before inventing the lightbulb and the phonograph
Thomas Edison
The name of a person who owns part of a corporation
Shareholder
An organized group of people involved in professional, commercial, or industrial activities.
Business
A belief that our basic qualities are a starting point, and we can grow them through experience
Growth Mindset
Business who sells the benefit of completing a task for the consumer
Service Based Business
A soft skill employers are seeking in job candidates
Resilience
The CEO is hired and fired by whom?
Board of Directors
The legal road map that guides the business for the rest of its life or until the owners decide to change it
Business Structure
A skill used to recognize the moods others are in; it implies that one can look to the outside to pay attention, recognize, and understand what others are feeling.
Social Awareness
Franchise
The ability to recognize and understand emotions in yourself and others, and your ability to use this awareness to manage your behaviors and relationships.
The process in which you orient and train new employees to be successful in their new roles
Onboarding
A group of businesses that are classified together based on their primary business activities
Industry
A short-sighted view of the world where individuals in a business can lose track of what matters such as the mission statement selected, what customers want, or whether employees are satisfied
Business Myopia
A type of business where consumers pay a regular fee to enjoy a product or service.
Subscription Business
It's the framework for an effective goal-setting and objective development.
SMART Goal
Perks for a specific employment position (examples include Tuition Reimbursement, gym memberships)
Benefits
Selling a product or service to gain something in return, a financial gain, or any other type of benefits.
Profit
An approach businesses take to sustainably develop their operations by providing environmental, economic, and social benefits for all stakeholders
Corporate Social Responsibility (CSR)
When businesses receive the knowledge, ideas, and work from people via a digital space.
Crowdsourcing
A strategy undertaken by companies to not just grow profits, but to take an active and positive social role in the world around them.
Corporate Social Responsibility (CSR)
According to Ethan Burris, employees need to feel what before they'll really contribute to the growth of the company?
Involved