Affinity Diagramming - ANSWER Data sorting technique
Group categorizes & subcategorizes data until relationships are clearly drawn
Balance Sheet - ANSWER Statement of organization's financial position at a specific p
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Affinity Diagramming - ANSWER Data sorting technique
Group categorizes & subcategorizes data until relationships are clearly drawn
Balance Sheet - ANSWER Statement of organization's financial position at a specific point in time
Business Case - ANSWER Presentation to management :
- Specific problem exists
-argues for proposed solution
Business Intelligence - ANSWER Ability to use info to gain a deeper understanding of org & make sound business decisions
Cilvil Law - ANSWER Legal system based on written codes (laws, rules, regulations)
Code of conduct - ANSWER Principles that guide decision making & behaviors in org.
Common Law - ANSWER Each case is considered in terms of how it related to legal decisions that already have been made (over time)
Delphi Technique - ANSWER Decision making technique / anonymously / never meet face to face
Due process - ANSWER laws are enforced only through accepted, codified procedures
Extraterritoriality - ANSWER Right of foreigners to be protected by the laws of their own nation.
Force Field Analysis - ANSWER -Group decision making tool designed to analyze the forces favoring/opposing a particular change
-a factor is weighted, & the factors on each side are summed & compared
Framing - ANSWER the way an issue is posed
-audience sees it a certain way & persuaded to make decision certain way
Gross Profit Margin - ANSWER Ratio of gross profit to net sales.
high-context culture - ANSWER characterized by complex, usually long-standing networks of relationships
-members share rich history of common experience
-CHINA / JAPAN / FRANCE
J-curve - ANSWER visualization of impact of change on productivity
-when change is introduced there typically is a decreased in productivity & then gradual return or ideally, surpassing of previous levels of productivity
Jurisdiction - ANSWER dhe official power to make legal decisions and judgments.
low-context culture - ANSWER societies w/ less relationship histories - "Not personal, just business"
-direct & say what they mean
US / CANADA / UK
Multi-criteria decision analysis (MCDA) - ANSWER Decision-making tool in which a team determines critical characteristics of a successful decision; a matrix is used to score each alternative and compare results.
Net Profit Margin - ANSWER Ratio of net income (gross sales minus expenses and taxes) to net sales.
Nominal Group Technique (NGT) - ANSWER a structured approach to group decision making that focuses on generating alternatives and choosing one
-ALL PARTICIPATE
Online Analytical Processing (OLAP) - ANSWER A method of querying and reporting that takes data from standard relational databases, calculates and summarizes the data, and then stores the data in a special database called a data cube.
-enable users to analyze data quickly in a variety of diff ways.
principled negotiation - ANSWER a general strategy that enables parties in a conflict to express their needs openly and search for alternatives to meet the needs of all parties without damaging their relationships
Root Cause Analysis - ANSWER starts w/ result & work backwards to identify cause
Rule of Law - ANSWER principle that the law applies to everyone, even those who govern
Stakeholder concept - ANSWER Concept that proposes that any organization operates within a complex environment in which it affects and is affected by a variety of forces or
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