Study guide for HR Competencies Flashcards
Concept that argues that ethical behavior is determined by local culture, laws, and business practices
Cultural Relativism
Tendency to enhance or diminish the strength or credibility of a statement or person based on one’s impression of a preceding statement or person.
Contrast Effect
Raw data, internal and external to an organization, that is translated into meaningful information for decision makers to use in taking strategic action
Business Intelligence
Quantifiable measures of performance that gauge an organization’s progress toward strategic objectives or other agreed-upon performance standards
Key Performance Indicators (KPIS)
Concept that argues that there are fundamental ethical principles that apply across cultures
Ethical Universalism
Average of data that adds factors to reflect the importance of different values
Weighted Average
Data-sorting technique in which group members add related ideas and indicate logical connections, eventually grouping similar ideas.
Mind Mapping
Type of measurement bias in which analyst allows one strong point that he or she values highly and that works in subject’s favor to overshadow all other information
Halo Effect
Amount of owners’ or shareholders’ portion of a business
Equity
Society in which relationships have less history; individuals know each other less well and don’t share a common database of experience, so communication must be very explicit
Low-context culture
Ability to be sensitive to and understand one’s own and others’ emotions and impulses
Emotional Intelligence (EI)
Concept that proposes that any organization operates within a complex environment in which it affects and is affected by a variety of forces or stakeholders who all share in the value of the organization and its activities
Stakeholder Concept
The basic belief and customs shared by members of an organization that contribute to the organization’s sense of its identity
Organizational Culture
Type of measurement bias in which analyst fails to recognize that individual is responding with answers the analyst wants to hear.
Cultural Noise
Conscious or unconscious beliefs that influence a person’s perceptions or actions, which may cause that person to become partial or prejudiced.
Bias
Tool or document that defines a specific problem, proposes a solution, and provides justifications for the proposal in terms of time, cost efficiency, and probability of success.
Business Case
Using relationships between data in financial statements to measure the financial health of an organization
Ratio Analysis
The benefit created when an organization meets its strategic goals;measure of usefulness, worth, or importance
Value
Value that occurs most frequently in a set of data
Mode
Technique in which participants each suggest ideas through a series of rounds and then discuss the items, eliminate redundancies and irrelevancies, and agree on the importance of the remaining items
Nominal group technique
Ratio of gross profit to net sales
Gross profit margin
Organization’s debts and other financial obligations
liabilities
The process by which an organization creates the product or service it offers to the customer
Value chain
Extent to which a measurement instrument provides consistent results
Reliability
Technique that progressively collects information from a group without physically assembling the contributors
Delphi Technique
Statement of an organization’s ability to meet its current and short-term obligations, showing incoming and outgoing cash and cash reserves in operations, investments, and financing
Cash Flow Statement
Situation in which a person or organization may potentially benefit, directly or indirectly, from undue influence, due to involvement in outside activities, relationships, or investments that conflict with or have an impact on the employment relationship or its outcomes
Conflict of interest
Concept that stipulates that no individual is beyond the reach of the law and that authority is exercised only in accordance with written and publicly disclosed laws
Rule of law