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Business
Shit I forgot
26
Business
12th Grade
10/28/2016

Additional Business Flashcards

 


 

Cards

Term
Define employee relations
Definition
Employee relations refers to the total interaction that occurs between an employer (and their representatives) and the employee (and their representatives) in regard to the establishment of conditions of employment.
Term
What is a collective agreement?
Definition
A collective/enterprise agreement is a negotiated agreement between an employer and a union or a group of employees.
Term
Advantages of a centralised system?
Definition

- Government has greater control over wage outcomes, thus better management of the economy

- Increased stability and predictability 

Term
Disadvantages of a centralised system?
Definition

- System is less flexible, eg same wages in a country town and city town

- Large unions are favoured as they have the money for expensive legal cases

- Cannot adjust for circumstances, eg higher productivity = no raise

Term
Advantages of a decentralised system?
Definition

- Greater flexibility that take into the individual characteristics of each workplace

- Greater communication between employer and employee

Term
Disadvantages of a decentralised system?
Definition

- Government has less control over economy

- Greater inequality

 

*Literally just flip the advantages between each system

Term
Outline the 8 steps of Kotter's theory of change management
Definition

1. Establish a sense of necessity (SWOT)

2. Form a guiding group that will ensure change is in the right direction

3. Create a vision

4. Communicate the vision to affected stakeholder, dispels fear. Should explain advantages.

5. Empower people to fulfill the vision

6. Recognise and reward achievements

7. Consolidate improvements

8. Institutionalise the changes

Term
Outline the establishment phase of the employment cycle
Definition

- Job analysis: includes description (tasks that will need to be performed) and specification (skills/ exp required)

- Recruitment, can be done externally/ internally

- Selection - picking the best possible employee that most correctly matches the criteria

Term
Outline the maintenence stage of the employment cycle
Definition

- Induction: the process of acquainting new employees with the organisation's history, policies, culture, practices and jobs they will perform

- Training and development: teach staff how to perform their job more effectively/ expand their skillset

- Recognition and reward: implementing reward programs, motivating and attracting employees

Term
Outline the termination phase of the employment cycle
Definition

The ending of an employee's employment with the employer.

 

Can be involuntary or voluntary.

Term
Define industry-wide awards
Definition
Provide only a safety net of minimum conditions.
Term
Identify and outline features of 3 layouts
Definition

Process - functional, machinery arranged according to their function. Effective if the org deals with a number of products

Fixed position - large projects where it would be impractical to move the product, eg building site

Product - machinery and equipment arranged to added to the product in a sequence of steps

Term
What is a master production plan?
Definition
Details what is to be produced and when. Eg, production methods, volume to be produced, where/ when, staff required
Term
Material management strategies?
Definition

Inventory control - ensures maintenence costs are kept to a minimum

Just in time - inputs arrive when needed, saving space

Term

Outline Maslow's theory of motivation

 

Definition

Is important as it outlines what organisations should aim to satisfy in order to achieve motivation. 

 

The hierarchy is as follows from bottom up - 

 

Physiological needs - food, clothing

Safety and security - physical / emotional

Social needs - love, affection

Esteem needs - respsect and sense of accomplishment

Self-actualisation - fulfilment, personal growth and development

Term
Outline Herzberg's two factor theory
Definition

Two types of factors - hygiene and motivation

 

Hygiene factors (Supervision, low pay, working conditions)  either provide dissatisfaction or no dissatisfaction. They do not motivate.

 

Motivation factors (achievement, recognition) - these factors motivate.

Term
Outline Locke's goal setting theory
Definition
Locke's goal setting theory refers to setting specific, achievable goals, providing a sense of direction for employees
Term
What is a production plan?
Definition
An outline of all activities undertaken to combine resources (inputs) and create outputs. Organisations need to decide what good or service to produce, how to produce it and in what quantity
Term
What is supply chain management?
Definition

Supply Chain Management is the range of suppliers form which an organisation purchases materials and resources. The supply chain moves onto storage facilities before reaching consumers. The supply chain needs to be well managed because an operations system depends on inputs. (Need reliable supply chains)

Term
What is quality assurance?
Definition
Involves the use of a quality system to ensure that an organisation achieves set standards. 

INTERNATIONAL ORGANISATION FOR STANDARDISATION (ISO) 
Term
How can ethics be incorporated in outputs?
Definition
Honest marketing, high standards of quality
Term
Ethics in transformations?
Definition
Efficient use of resources, don't outsource, training, limiting environmental impact
Term

Collective/Enterprise Bargaining Agreements (EBA)

Definition
The result of a collective and/or enterprise bargaining. It is negotiated agreement between an employer and a union or group of employees
Term

Enterprise Bargaining

Definition
The process of directly negotiating wages and employment conditions between employers and employees at an enterprise level. Meaning that they don't need a union to negotiate. Has to be signed off by Fair Work
Term

Collective Bargaining

Definition
Refers to the process of determining terms and conditions of employment through direct negotiation between unions and employers. Unions are often used for very large workplaces where they want pay and conditions higher than the reward.
Term

What is organisational inertia

 

Definition
Refers to an unenthusiastic response from management to proposed change. An organisation that cannot accept/undertake change suffers from "organisational inertia"
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