Knowledge management is the process of creating, sharing, using, and managing knowledge and information within an organization or community. It involves the development of strategies, tools, and techniques to identify, capture, store, and distribute knowledge assets, such as explicit and tacit knowledge, documents, and best practices.
A Social Impact Bond (SIB), also known as a Pay-for-Success contract, is a form of outcome-based contract between a government or philanthropic organization, social service providers, and private investors. SIBs are used to fund social programs that aim to achieve specific social outcomes, such as reducing recidivism rates, improving educational outcomes, or increasing employment opportunities … Read more
Corporate Social Responsibility (CSR) is a concept that refers to a business’s commitment to operate ethically and contribute positively to society and the environment in which it operates. It involves the voluntary actions that a company takes to improve its impact on various stakeholders, including customers, employees, investors, communities, and the environment. CSR encompasses a … Read more
The business environment refers to the external and internal factors that affect a business’s operations, decision-making processes, and overall success. It includes all the conditions, events, and factors that can impact a business, such as economic, social, political, legal, technological, and environmental factors.
Strategic Human Resource Management (SHRM) is an approach to managing human resources that aligns HR practices and policies with the strategic objectives of an organization. In other words, it is the process of linking the HR function with the strategic goals and objectives of the organization.
Organizational behavior (OB) is the study of how individuals, groups, and structures interact within an organization. It is a multidisciplinary field that draws on concepts and theories from psychology, sociology, anthropology, economics, and management to understand and explain human behavior in the workplace.
Benchmarking is the process of measuring and comparing the performance of an organization, process, or product against a set of established standards or best practices. It involves identifying and analyzing the practices and performance metrics of other organizations that are recognized as leaders in a particular industry or field, with the goal of improving the performance of the organization being benchmarked.
Financial reporting refers to the process of disclosing financial information to various stakeholders, such as investors, creditors, regulators, and the general public. The purpose of financial reporting is to provide relevant, reliable, and timely information about a company’s financial performance and position, as well as its cash flows and related disclosures.
Human resource accounting is a type of accounting that focuses on measuring the value of a company’s human resources, such as its employees, in financial terms. The basic idea behind human resource accounting is that a company’s workforce is a valuable asset, just like its physical assets, and should be accounted for in a similar manner.
Cost accounting is a branch of accounting that deals with the process of recording, analyzing, and reporting the costs associated with producing goods or services. The goal of cost accounting is to help businesses understand the costs involved in their operations, as well as identify ways to reduce those costs and increase profitability.
