Human Resources
What is the primary role of HR?
Hiring, firing, maintenance and training
What is the role of financial management?
planning,
organising,
directing and
controlling
Name a type of leadership style
Authoritative, Charismatic, Bureaucratic, Authentic, Transactional, Transformational
What is the first part/section a correctly formatted report must have
Introduction
Name an expansion strategy
Niche Markets, Innovation, Research and Development, New and Emerging Technology
What is a going concern of HR during maturity?
Retaining staff, onboarding and training staff to remain relevant and competitive, competitive salaries and incentives
When trading or shipping overseas for expansion, what must a business consider?
Exchange rates and tariffs
Name something a leader does that a manager doesn't
Appeals to the heart, is people focused, leads, creates vision and direction, creates value and strategy, carries culture.
What is the correct definition of SWOT?
Strenghts, Weaknesses, Opportunities, Threats
Name a mode of entry
Import/Export, International Agents or Licensing Agreements, Overseas Manufacturing
What is an "employer of choice"?
A company listed on a "hot 100" list of places that are agreeably the best place to work for a number of reasons as voted by the employees
Which element/s of STEEPLE would affect a businesses financing during the maturity stage?
Economic, Legal, Political
Who created the "Contingency Model"?
Fiedler’s
When we Evaluate a business, what criteria do we use?
Stakeholder Satisfaction, Efficiency, Effectiveness and Competitiveness
What is 1 of the 4 types of innovation
Incremental, Architectural, Disruptive, Radical
What are the 2 primary stages of HR during Maturity?
DEVELOPMENT and MAINTENANCE
What is a method of generating finance during maturity?
Listing the company publicly on the stock exchange, Private equity funding, government incentives or grants, additional investors
What are the 3 elements of Fielder's Model?
Leadership Behaviour, Situational Variables, Relationship between both
After Evaluation we put what in a report?
Recommendations
Describe a niche market
A market within another market is niche. This can include more specific or targeted pricing or users/buyers interested in a unique or specific feature of a product
Diversity in the workplace means having employees from a wide range of backgrounds.
This can include having employees of different ages, gender, ethnicity, physical ability, sexual orientation, religious belief, work experience, educational background, and so onWhat is an advantage and a disadvantage of "going public"
Extra income/cashflow from shares and investments, visibility and accountability
What are the 2 elements or "orientations" of Fiedler’s Model?
Relationship & Task
An entry in a SWOT in a report should contain what?
Source reference, significant and relevant data
During the maturity phase, how may a business expand?
Horizontally or vertically