Principles of Management
OER 2019 Edition
ISBN: 9780998625768
Author: OpenStax
Publisher: OpenStax College
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Textbook Question
Chapter 11.2, Problem 1CC
What are some of the key regulations that guide the compliance work of human resource management?
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Chapter 11 Solutions
Principles of Management
Ch. 11.1 - What do you believe is contributing to the growth...Ch. 11.1 - At what point should a company consider bringing...Ch. 11.1 - How has the function of human resource management...Ch. 11.1 - In what way do you usually interact with human...Ch. 11.2 - What are some of the key regulations that guide...Ch. 11.2 - What does an employee handbook provide to an...Ch. 11.3 - What are the challenges of a company developing a...Ch. 11.3 - Why might compensation programs and hiring...Ch. 11.3 - Where did the concept of performance management...Ch. 11.3 - What are some of the key challenges of any...
Ch. 11.4 - What does a pay-for-performance strategy mean for...Ch. 11.4 - What is the first step in defining an...Ch. 11.5 - What are some best practices for recruiting and...Ch. 11.5 - How can we ensure a more successful integration of...Ch. 11.6 - How does real-time performance management compare...Ch. 11.6 - Why do you think learning systems evolved in this...Ch. 11.6 - What is the difference between the performance and...Ch. 11.6 - What roles should an organization discuss as part...Ch. 11 - What are the four waves of the human resource...Ch. 11 - What are some of the key regulations that human...Ch. 11 - What are some of the unintended consequences of a...Ch. 11 - What are some of the performance management...Ch. 11 - Why are many companies interested in moving to a...Ch. 11 - What are the main process steps for implementing...Ch. 11 - What are some best practices for recruiting new...Ch. 11 - Describe the steps of a talent review session.Ch. 11 - What is the difference between performance and...Ch. 11 - How can you tell if a candidate has potential?Ch. 11 - What are some of the human resource management...Ch. 11 - Do you think that a Holacracy can be compared to a...
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- 6 strategies to encourage a risk aware culture in the workplacearrow_forward3. Critically examine the importance of organisational culture in embedding risk management principles in a business. Suggest strategies to strengthen a risk-aware culture. (20 marks)arrow_forward1. Discuss how the application of PESTEL analysis can assist small businesses in identifying and managing external risks. Provide examples from at least three PESTEL categories. (20 marks)arrow_forward
- . Mention four early warning indicators that a business may be at risk.arrow_forward5. A risk that has both a high impact and high probability is referred to as A. Negligible B. Moderate C. Low D. Extreme 6. A business continuity plan is mainly used to_ A. Increase profits B. Handle daily tasks C. Prepare for disruptions D. Advertise services 7. What is the role of a risk owner? A. To finance the risk B. To monitor and manage a specific risk C. To create risks D. To avoid planning 8. Early warning indicators help businesses to A. Avoid legal actions B. Grow rapidly C. Detect potential risks D. Hire employees 9. A hazard-based risk includes A. Political instability B. Ergonomic issues C. Market demand D. Taxation changesarrow_forward1. What is the primary purpose of risk management in small businesses? A. To eliminate all risks B. To predict profits C. To reduce and control risks D. To create new risks 2. Which of the following is a type of operational risk? A. Interest rate change B. Natural disaster C. Supplier failure D. Tax policy change 3. SWOT analysis identifies all EXCEPT A. Strengths B. Weaknesses C. Tactics D. Opportunities 4. Which strategy involves taking no action against a risk? A. Mitigation B. Avoidance C. Acceptance D. Transferarrow_forward
- 5. A risk that has both a high impact and high probability is referred to as A. Negligible B. Moderate C. Low D. Extreme 6. A business continuity plan is mainly used to_ A. Increase profits B. Handle daily tasks C. Prepare for disruptions D. Advertise services 7. What is the role of a risk owner? A. To finance the risk B. To monitor and manage a specific risk C. To create risks D. To avoid planning 8. Early warning indicators help businesses to A. Avoid legal actions B. Grow rapidly C. Detect potential risks D. Hire employees 9. A hazard-based risk includes A. Political instability B. Ergonomic issues C. Market demand D. Taxation changesarrow_forward1. What is the primary purpose of risk management in small businesses? A. To eliminate all risks B. To predict profits C. To reduce and control risks D. To create new risks 2. Which of the following is a type of operational risk? A. Interest rate change B. Natural disaster C. Supplier failure D. Tax policy change 3. SWOT analysis identifies all EXCEPT A. Strengths B. Weaknesses C. Tactics D. Opportunities 4. Which strategy involves taking no action against a risk? A. Mitigation B. Avoidance C. Acceptance D. Transferarrow_forwardList and briefly describe four risk response strategies.arrow_forward
- Explain the purpose of a risk register.arrow_forwardAssume that your business is going to apply for a bank loan. Step into the shoes of a banking official who has the power to say yes or no to your loan application. From the bank’s vantage point, what are the strengths and weaknesses of your business plan? Does your plan seem realistic, given the financial assumptions and the business environment? What questions would you, as a bank officer, ask about your business plan? As the entrepreneur behind the business plan, how would you answer these questions and persuade the bank to approve your loan? Write up your questions and answers in one paragraph. Then use what you’ve learned to further strengthen your plan.arrow_forwardAssume that your business is going to apply for a bank loan. Step into the shoes of a banking official who has the power to say yes or no to your loan application. From the bank’s vantage point, what are the strengths and weaknesses of your business plan? Does your plan seem realistic, given the financial assumptions and the business environment? What questions would you, as a bank officer, ask about your business plan? As the entrepreneur behind the business plan, how would you answer these questions and persuade the bank to approve your loan? Write up your questions and answers in one paragraph. Then use what you’ve learned to further strengthen your plan.arrow_forward
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