Organisation and Environment
A tool used to identify factors of the external environment of a business.
What is STEEPLE analysis?
The final part of the HR plan.
What is termination, dismissal and redundancy?
The relationship between share capital and loan capital.
What is gearing?
The percentage change in the total market size over a period of time.
What is market growth?
A method of production which is focused on quality and affordability, with customised products from standardised options.
What is batch production?
A business form of partnership which has more than 20 members and can be in the form of financial; housing; workers'; producer and consumer.
What is a Cooperative?
This element of organisational structure includes verbal, visual and written.
What is communication?
The difference between the break-even level of output and the actual level of output.
What is Margin of Safety?
An example of this is changing your marketing strategy to target different consumers in different areas due to beliefs or values.
What are cultural differences?
Kaizen, Just-in-time, kanban and andon are examples of these.
What are methods of lean production?
A tool which is used to show the cause and effect of quality problems.
What is a fishbone diagram?
This model includes self-actualisation, esteem, love/belonging, safety, and basic.
What is Maslow's Hierarchy of Needs?
This shows the records of income and expenditure flows of a business over a given time period.
What is the profit and loss account?
A sub-group of consumers with similar characteristics in a given market.
What is a market segment?
A method of design and manufacturing that focuses on sustainable development, especially recycling.
What is cradle-to-cradle design and manufacturing?
A party which provides the stock, fittings, uniforms, training, legal/financial help, advertising and promotions to another party.
What is a franchisor?
This type of culture is short-term and is based around specific problems.
What is task culture?
The measure of profit that remains after deducting all costs from the sales revenue.
What is Net Profit Margin?
An indicator of sales forecasting for identifying the direction of a trend.
What is a moving average?
Improved communications, dismantling of trade barriers, and deregulation of financial markets are examples of this.
What are pull factors?
Examples of these include Shareholders, CEO, Senior Managers, Middle Managers, Employees and Unions.
What is an internal stakeholder?
Poor communication, fear, prior experience and insufficient reward are examples of these.
What are reasons for resistance to change?
This is the length of time required for an investment project to pay back its initial cost outlay.
What is Payback Period?
Academic journals and Government publications are examples of these.
What are secondary market research techniques?
This relates to an organisation's attempts to put in place procedures with how to deal with a crisis.
What is contingency planning?