Effective Employee Selection, Induction, and Training
Topic 5: Selection
The process by which managers and others use specific instruments to choose from a pool of applicants the person most likely to succeed in the job.
Methods: Interviews
A selection procedure designed to predict future job performance based on applicants’ oral responses to oral inquiries.
- Occupational experience
- Academic achievement
- Interpersonal skills
- Personal qualities
- Organizational fit
Advantages of Interviews
- Useful for determining if the applicant has requisite communicative or social
Investment Analysis: Characteristics, Types, and Valuation Methods
Investment Characteristics
Investment Defined: The acquisition of an asset or service with the expectation of future financial returns. Investments are influenced by both capital and operational cycles.
Key Investment Features
- Timing: Investments occur at a specific time, with results expected in the future.
- Uncertainty: Returns are not guaranteed, involving a degree of risk.
- Liquidity: The time it takes to convert an investment into cash.
- Profitability: The comparison of resources used versus resources
Investment Funds: Portfolio Construction and Regulation
Portfolio Management and Investment Strategies
A portfolio is the collective assets owned by the fund, managed by the fund manager.
Investment Mandate
An investment mandate is a set of instructions that the fund manager dictates to form the pool of assets. This includes rules, guidelines, and goals.
Fundamental Analysis
Fundamental analysis involves several key components:
- Financial statement analysis: Assessing a company’s financial health (e.g., Can Pepsi repay its debts?).
- Company analysis: Evaluating
Capital Budgeting: Methods and Stages for Long-Term Planning
Capital Budgeting: Methods and Stages
1. What is Capital Budgeting?
Capital budgeting is long-term planning for projects. The life of a project is generally more than one year, so the capital budgeting decision considers cash inflows and outflows for long periods. Accrual accounting measures profitability on a year-by-year basis.
2. What are the Stages of Capital Budgeting?
The six stages are:
- Identification
- Search
- Information Collection
- Selection
- Financing
- Implementation and Control
3. Discounted Cash Flow
Read MoreThe Enlightenment and Neoclassicism in 18th Century Spain
The Enlightenment in the 18th Century
The 18th century brought about the rise of the bourgeoisie. This primacy of change was driven by the innovative ideology of the Enlightenment. The Enlightenment posited the triumph of reason and progress in the political sphere. It defended the freedom of the individual, equal rights, and brotherhood among humans. The Enlightenment had its cradle in France. Among its thinkers, three authors stand out: Voltaire, Rousseau, and Montesquieu. Their ideas were reflected
Read MoreClimate Change Impacts and Sustainable Business Practices
Climate Change: Socio-Economic Effects
Primary effects of climate change:
- Melting of glacial ice caps
- Rising sea levels
- Shifting climate zones
- Changes in rainfall patterns, increase of arid areas
- Increased risk of extreme weather events
- Ocean acidification
- Loss of biodiversity
- Possible changes in ocean currents
Socio-economic effects of climate change:
- Damage to infrastructure and property (flooding, extreme weather)
- Loss of production (agriculture, industry)
- Effects on human health (food and water shortages,