Mock kirp 2 Flashcards
(5 cards)
Recruitment process
- Identifying a vacancy (or a need to replace somebody)
- Creating a job description
- Advertising the job (within the business or externally)
- Shortlisting applicants
- Interviews and assessments
- Appoint or readvertise
Pros and cons of a joint venture
- Shared resources and knowledge
- New market access
- Loss of control
- Culture clash
Critical path analysis
A project management tool used to identify the order of tasks that determine the minimum time needed to complete a project.
- Helps allocate resources
- Increases efficiency
- Based on predictions
- Doesn’t account for external factors
Too high capacity utilisation means..
- Not much flexibility in the business, inability to adapt to changes
- Can lead to burnout for employees, meaning lower quality products
Too low capacity utilisation means..
- Higher cost per unit as resources aren’t being used (staff have nothing to do, idle machinery, many empty seats at a stadium) NOT EFFICIENT, WASTED RESOURCES