5 Areas of Success (GET ID) Flashcards
1
Q
What are the 5 areas of success?
A
Globalization Ethics Technology Intellectual capital Diversity
2
Q
Globalization
A
Expanding your market, or taking advantage of cheaper materials, labour etc. from other countries
3
Q
Ethics
A
Social accountability for the businesses actions, fair trade, locally sourced, cruelty free, sweatshop free
4
Q
Technology
A
Keeping up with modern technology, constantly innovating, making the customer experience easier and more modern
5
Q
Intellectual capital
A
The brain power of employees, their desire to work for the company, turnover of employees, high performance standards, rewards and bonuses
6
Q
Diversity
A
How diverse is the company? Ages, genders, races, backgrounds, religions, perspectives, changing things to suit the population of another culture
