Planning
When looking to assess their own situation a company completes this
What is a SWOT
This is the relationship between Employees and Employers
What is Industrial Relations
Song 1
Been Like This - Meghan Trainor
This is the willingness to do something
What is Motivation
This is when an individual or group of people take a risk and decide to start something new
What is Enterprise
This plan involves breaking down the mission statement of an organisation
What is a Strategic Plan
This is when people in a similar job (In a different company) receive a payrise
What is Comparability Pay Rise
Song 2
Training Season
Name all stages of Maslow Hierarchy of Need (in order)
Physiological, Safety, Social, Esteem, Self Actualisation
Reasons include varied work day and being your own boss
What is reasons for becoming an entrepreneur
Businesses prepare cash flow forecasts to predict the amount of income they will receive and spend in a particular period of time, e.g. six months.
For this to take place a secret ballot is needed, union must approve and 1 weeks notice given
What is an Official Strike
Song 3
Nonsense - Sabrina Carpenter
This person created two motivation styles
Who is McGregor
This is something run like a business but profits are used to benefit the cause they are raising money for
What is a Social Enterprise
This 5 letter acronym is crucial for a plan to work
What is SMART
These are the 3 options of Redress for unfair Dismissals
What is Reinstatement, Reengagement and Compensation?
Song 4
Good Luck Babe - Chappell Roan
High labour turnover and Low-quality goods and services are implications of this
What is Theory X
A skill/characteristic where Entrepreneurs believe in themselves and their idea. They are not put off by other people's opinions.
What is Self Confidence
Ensures that the business has the correct number of employees, with the correct skills and qualifications to fill all roles in the firm.
What is HR/ Manpower Planning
Providing information, mediation, conciliation and working on codes of practices are functions of this group
What is the Workplace Relations Commission (WRC)
Song 5
Unwritten - Natasha Beddingfield
Motivated workforce and Management time are implactions of this
What is Theory Y
Reasons include Taxation, more employment&Exports and reducing Social Welfare
What are reasons government promotes enterprise