SHRM YouTube Flashcards
Theory of Constraints
Identifies the “weakest link” that is preventing a company from achieving a particular goal and them eliminates it. After this constraint is eliminated, you begin working on identifying and eliminating the next constraint (bottleneck).
Green Belt
Six Sigma Employee
Black Belt
Six Sigma Supervisor of the Green Belts (Employees)
A Sustainable Workplace
The Performance management process has as its cornerstone continuous feedback
Most Common Type of Emploment, Globally
Contractual
Job Involvement Employee Relations Strategy
Employees control their daily work
Teams are tasked with accomplishing particular goals and are empowered to determine the best way to complete the work as long as the goals are met
The Three Spheres of Sustainability (the three Ps)
People, Planet, and Profits
External Dimensions
One of the 4 layers of diversity described as the results of life experiences and choices
Link employee engagement to business results
A recommended best practice designed to specify how engagement efforts will be sustained over time.
Cognitive Barrier
Asking “what if” questions is uncomfortable to traditional risk management practitioners and therfore presents a cognitive barrier to risk management (includes employees being adaptable to change)
Risk Equation
The relationship between the probability of occurance compared with the magmitude of impact.
1944 Breton Woods Agreement
The economic phenomenon that triggered gloabalozation
Brownfield Operation
Repurposing an existing and unused existing facility
Engagement Survey
Focuses on Matters that Effect Employee Staisfaction
A Balanced Scorecard
A strategic management system that may include both nonfinancial measurements and traditional financial metrics. It provides a concise picture of the organization’s overall performance and includes performance metrics from four perspectives: financial, customers, learning/growth, and internal business processes
