Tricky Cards Flashcards
(141 cards)
Organizational culture
values and beliefs shared by members of an organization and the behaviors that arise from same
Organizational climate
mood of the organization or the ways employees experience or react to the prevailing culture
Strategic planning
planning for competition. assessment of attributes a company has or wants to have for competition.
SWOT analysis
planning tool used to evaluate the strengths, weaknesses, opportunities, and threats that face the company
Porter’s Five Forces
theory that five basic forces determine the competitive dynamics in the industry
Competitive Rivalry
this looks at the number and strengths of your competitors. How many rivals do you have? Who are they, and how does the quality of their products and services compare with yours? Intense rivalry can lead to aggressive price cuts and high-impact marketing campaigns.
Supplier Power
this is determined by how easy it is for your supplier to increase their prices. How many potential suppliers do you have? How unique is the product or service that they provide and how expensive would it be to switch from one supplier to another?
Buyer Power
how easy it is for buyers to drive your prices down. How many buyers are there, and how big are their orders? how much would it cost them to switch from your products to a rival?
Treat of Substitution
Refers to the likelihood of your customers finding a different way of doing what you do
Threat of New Entry
your position can be affected by people’s ability to enter your market.
Unit demand
asking unit managers to report on volume of business activity they anticipate in the coming years and how many people are needed to carry out that activity.
Probabilistic model
predictions about the future using computer simulations
Workload analysis
Short-term needs analysis which involves looking at output/productivity the company needs in the immediate future
Ratio analysis
determines whether an organization has enough employees to meet the needs of the company
Delphi technique
forecasting future job needs by combining the input and expertise of many professionals who never meet
Nominal group technique
panel of experts but they meet, unlike Delphi
job bidding
employee expresses interest in a position before the job is available
succession planning
identifying promising employees who have potential to occupy managerial or executive roles
dual career ladder
promoting promising employees who have no interest in managerial or supervisory positions
ready for promotion
employee has the skills and experience needed for promotion
developed for future promotion
employee has the skills, but needs more experience before being promoted
satisfactory in current role
needs more experience and doesn’t have the skills for promotion
replace
can be due to retirement, transfer, disability leave, poor performance, etc.
Employee Retirement Income & Security Act (ERISA)
employee contributions are vested 20% at 3 years, 100% at 7 years