buss
HIDLLGS stands for
High employee turnover
Impact of union
Difficult employees
Lack of vission and mission
Lack of adequate managerial skills
Goslow
skill shortage among employees
High employee turnover
employees resign frequently
Impact of union
create tension between employees and management
Difficult employees
may have a negative impact on new employees
They need supervision to complete tasks
lack of adequate managerial skills
will result in buss not achieving its objective
managers may not be able to provide meaningful guidance n leadership to employees
Lack of vission and mission
it will hamper meaningful guidance and leadership
when theres no mission business will lack focus and single long term objective
goslows
affect business negatively, as it cannot meet its expected units of production
skills shortages
business sometimes find it difficult to find employees with skills and experience
Unqualified workers contribute to bad decision making
ways buss can adapt information management
information must be found and used effectively
Business may benefit fron increase in market share and profitability
strategic responses
get a clear pic of stakeholder pov and requirements
Make strategic plan to remain sustainable in competitive market
Organization design n flexibility
describes how the business is structured n communicates its organizational culture
They need to change organisational design and adapt to specific challenge
projects of social responsibility
Environmental friendly campaigns
Engaging in economic development
making donations to charity
charity community projects
what is lobbying
process of trying to influence legislation or parliamentary decision making
It involves aquring public support for an issue such as children or animal rights
types of lobbying
Hedging against inflation
Businesses use hedging to protect financial investments by spreading the risk
bargaining sessions between management and unions
sessions enable employees to negotiate with employees as a group to protect employees rights
Influencing supervisory bodies
business take active role in professional bodies
types of ethical misconduct
sexual harassment
corruption
mismanagement of funds
negative impact of ethical misconduct
Victims of sexual harassment may experience lack of focus
Corruption and mismanagement of funds will lead to a loss of income
Business owner involved will face criminal charges
meaning of trade union
organization formed to preotect the rights of workers and represent their interest in negotiations with employers
role of trade unions
Improve conditions of employment
Influence government decision
Ensure workers are treated equally in the workplace
Taking legal action in behalf of members when necessary
characteristics of public company
Name ends in Ltd
Trades share publicly on JSE
Minimum of 3 directors
Shares freely transferable