Corporate culture refers to the general organizational operating environment, including ethical and value structures, impacting employees, management, and customer relations, as well as the types of products and services the organization produces, and the approaches to production, marketing, advertising, and service quality.
The term 'fire' refers to the act of discharging or terminating an employee from their position. It is one of the most definitive actions a company can take in its relationship with an employee. This term is synonymous with 'sack'.
Human resources refer to the personnel pool available to an organization. They are considered the most crucial resources within any organization, ensuring that the right number and kind of people are available at the right time and place to meet organizational needs.
Human Resources Management (HRM) represents an evolution from traditional personnel management, placing emphasis on leveraging an organization's human resources to achieve strategic goals. HRM encompasses recruitment, compensation, employee relations, and policy development to maximize employee performance and satisfaction.
Non-purchased goodwill, also known as inherent goodwill, is the value of a company's brand, customer base, employee relations, and other intangible elements that are not acquired through purchase.
An open-door policy is a management practice that encourages open communication between employees and management, and a national trading stance that ensures equal treatment for foreign and domestic entities.
