Whole boom Flashcards
Affirmative action
Programs that require businesses to make special efforts to recruit, select and promote women and members of minority groups
Analytical skills
The ability to analyse or study the nature of a given situation or set of circumstances
Appraisal
Any method of evaluating the performance of an employee against preset targets
Australian Competition and consumer comission (ACCC)
Government authority responsible for administering the competition and consumer act 2010 and for promoting and educating how to provide good business practices for a fair and efficient marketplace
Authority
The power and status to pass commands down a business hierachy
Autocratic management style
Management style where all decision-making is centralized, there is little delegated authority and communication is one way
Automation
Replacement of human activity with technology
Award restructuring
Microeconomic reform designed to change how labor is organised, employed and paid. it is aimed at increasing productivity by multitasking and retraining workers and through union amalgamation
Business change
Any alteration to a business or work environment
Business objectives
The stated, measurable targets of how to achieve business goals
Business strategy
The long term plan of action adopted by a business to achieve its goals and objectives
Capacity planning
Operations decision concerned with the quantity of goods and services to be produced
Centralised decision making
Management make decisions and pass on directions to those below them in a hierarchy communication is downward and worker participation in decision making is non-existent
Chain of command
The vertical line of authority that passes command down through the levels of a business hierachy
Coaching
On the job approach to training where teaching is conducted on a one to one basis