Entrepreneurship and New Ventures | Managing Human Resources in Organizations | Managing Employee Motivation and Performance |
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What is Entrepreneurship?
Process of planning, organizing, operating, and assuming the risk of a business venture
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What is 360 degree feedback?
1. What is 360-degree feedback?
A performance appraisal system in which managers are evaluated by everyone around them – their boss, their peers, and their subordinates. |
What is individual performance?
This is the set of forces that cause people to behave in certain ways.
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What is small business?
One that is privately owned by one individual or a small group of individuals and has sales and assets that are not large enough to meaningfully influence its environment
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What is a replacement chart?
Lists each important managerial position in the organization, who occupies it, how long he or she will probably remain the position, and who will be a qualified replacement.
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What is security?
This is the second category found on Maslow’s Hierarchy of Needs.
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What is a niche?
A segment of a market that is not currently being exploited
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What is human capital?
Reflects the organization’s investment in attracting, retaining, and motivating and effective workforce.
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What is punishment?
This is used by Managers when an employee is doing poor work, arriving to work late, or interfering with the work of others.
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What is first mover advantage?
A segment of a market that is not currently being exploited
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What is Family and Medical Leave Act of 1993?
Requires employers to provide up to 12 weeks of unpaid leave for family and medical emergencies.
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What is fixed interval schedule?
Providing regular weekly paychecks to employees is an example of this reinforcement strategy?
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What is a business plan?
When an entrepreneur summarizes the business strategy and how that strategy is to be implemented
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What is diversity?
A characteristic of a group or organization whose members differ from one another along one or more important dimensions, such as age, gender, or ethnicity.
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What is a stock option plan?
This is a kind of Executive compensation that has received a lot of attention in recent years.
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