This is an accountant's examination of a company's financial records to ensure that it used proper procedures in preparing it's financial reports.
What is an Audit?
Develop one of these charts to clearly outline the reporting structure of your business.
What is an Organizational Chart?
If you are having issues with employee motivation, you may want to try one of these strategies to increase satisfaction in repetitive or boring jobs.
What is Job Enrichment or Job Redesign?
Michael Scott's management of Dunder Mifflin Paper Co. was less than conventional on this fictional series.
What is The Office?
The first thing you need when starting your own business is this 'Spirit'.
What is the 'Entrepreneurial Spirit'
A good manager knows the difference between Gross Income and this; defined as gross income minus operating costs and income taxes.
What is Net Income?
This is a business venture undertaken by two or more parties that otherwise retain their distinct identities, such as Sony Ericsson.
What is a Joint Venture?
A good manager is aware of this informal communication channel, which is present in virtually all organizations and is responsible for most rumors.
What is the Grapevine?
This CEO of Tesla Motors has recently been under shareholder fire for his Twitter activity, especially this August 7th tweet:
“Am considering taking Tesla private at $420. Funding secured”
Who is Elon Musk?
This document describes an entrepreneur's proposed business venture and may be presented to prospective investors.
What is a Business Plan?
Good managers uses these as a financial plan to estimate the receipts and expenditures for a project.
What is a budget?
In this type of organization, the business structure is 'flat' and middle level managers are given authority to make decisions.
What is Decentralized?
Good managers may invest in this form of training, which allows new employees to benefit from the experiences and knowledge of long-term employees.
What is Mentorship?
This famous CEO was the subject of an in-class video and recently retired from his CEO position at ATB Financial.
Who is Dave Mowat?
When securing financing for a new venture, you may have to put up this; assets used to secure a loan.
What is Collateral?
A business may have to obtain this type of financing, a short term loan in which the business is required to put up collateral.
What is a Secured Loan?
Yamaha focused on this type of growth, expanding into unrelated markets, making everything from electronics and musical instruments to motorcycles and snowmobiles.
What is Diversification?
This style of Employee Benefits allows employees to choose and customize their plan.
What are Cafeteria-Style Benefits?
In 2006, this Canadian Businessman started the hugely successful clothing company, Lululemon.
Who is Chip Wilson?
If you want to start a business but want to benefit from the knowledge and success of a previously established company, you can buy one of these.
What is a Franchise?
Rather than obtaining funds from a traditional bank, a company may decide to work with a co-operative savings and lending association, also known as a caisses-populaires.
What is a Credit Union?
This is tool used to identify and analyze the Strengths, Weaknesses, Threats and Opportunities in your organization.
What is a SWOT Analysis?
Also known as a BFOR, the 'Meiorin Case' established that the employer fired a female firefighter for a physical standard that was not one of these.
What is a Bona Fide Occupational Requirement?
Although his business was illegal and unethical, this fictional 'Manager' made millions on Breaking Bad.
Who is Walter White?
Once your business is established, you should develop one of these, outlining priorities and steps needed to achieve your goals.
What is a Strategic Plan or Strategy?