Business, HR, Management, & Strategy

What is Business?

• A for-profit or non-profit organization involved in commercial, industrial, or professional commerce.

• The pursuit of a profit margin

• Customized, knowledge-based services provided for a fee.

What are the six functions of business?

• HR, Computer Programming, IM, Finance, Operations, Strategy

• HR, IM, Finance/Accounting, Operations, Strategy, Operations

• None of the Above

What function of business is responsible for recruiting, hiring, onboarding, training, evaluating, and terminating employees.

• Information Management

• Human Resources

• Operations

What is Management?

• The people assets of business.

• The hiring, recruiting, onboarding, training, evaluating, and termination of employees.

• The planning, organizing, staffing, controlling, and leading people, processes, and assets in order to achieve a goal or task in the best way possible.

What is the Chain of Command?

• An organizational structure that shows who each person reports to.

• The top managers of a company.

• The heart of the company.

What are the three most important skills required to be an effective manager?

• Problem-Solving, People, and Procedural Skills

• Organization, Patience, and Writing Skills

• No skills are needed

_________ __________ are what a company believes, its business practices around how teammates treat one another, and how the company treats its customers.

• Company Ethics

• Company Values

• Company Culture

____________ ____________ is the shared beliefs, values, goals, attitudes, and behaviors of a company's employees.

• Company Ethics

• Company Values

• Company Culture

Business is about _________.

• People

• Money

• Passion

True or False: It is more expensive to train a new hire than it is to re-train a current employee.

• True

• False