Definitions of Chapter 1 Flashcards
Labor-Intensive
The situation in which people rather technology and equipment are used to provide products & services for an organizations’ consumers.
Revenue:
The amount of money generated from the sale of products & services to consumers of the hospitality operation.
Human Resources:
The people employed by a hospitality or tourism organization.
Human Resources Management:
Processes used by a hospitality or tourism organization to enhance its performance by effectively using all of its staff members.
Intrapreneur:
An employee of an organization whose compensation in whole or in part, its based on the financial performance of the part of the business for which the person is responsible.
Management Process:
The process of planning, organizing, staffing, supervising, controlling, and appraising organizational resources to attain goals.
Resources:
What an organization has to achieve goals. (examples: people, equipment, time etc..)
Managers:
Staff members in the organization who direct the work of supervisors.
Supervisors:
Staff members in the organization who direct the work of entry-level personnel.
Job Description:
A list of tasks that a person working within a specific position must perform.
Corporate Culture:
Shared beliefs, experiences, & norms; that influence how things are done within an organization.
Value-added:
The concepts that the benefits of money spent on something are worth more to an organization than the amount of money that is spent on its purchase.
HR Department:
The department within a large hospitality & tourism organization with the responsibility for recruiting, screening, & developing staff members.
Staff Specialists:
Persons with technical expertise in an area such as human resources that provide advice to, but do not make decisions for, managers in the organizations’ chain command.
Employee Turnover:
The preparation of total employees replaced during a specific time period.
(Annual turnover rate = employees leaving during a year / total number of employees)