Global Business and Human Resources

A set of vocabulary flashcards covering key concepts in global business and human resources.

Global Business

Buying and selling goods and services to people from other countries.

Exporting

Selling goods or services to foreign countries.

Importing

Buying goods or services from foreign countries.

Licensing

Renting your brand or technology to other companies.

Franchising

Copying your business model to allow others to operate under your brand.

Joint Venture

Creating a new company together with another company.

Strategic Alliance

Partnering with another company without merging.

Human Resources

The process of finding, developing, and keeping the right people for a workforce.

Job Analysis

A systematic process for collecting information on important work-related aspects of a job.

KSA

Knowledge, Skills, and Abilities needed for a job.

Occupational Safety and Health Administration (OSHA)

A government agency that ensures safe and healthy working conditions.

Equal Employment Opportunity (EEO) Laws

Laws related to employment practices to eliminate discrimination.

Recruitment

The overall process of identifying and hiring future employees.

Deep Level Diversity

Hidden or less visible differences that affect how people think, feel, and behave at work.

Diversity, Equity, and Inclusion (DEI)

Practices that promote the representation and participation of diverse groups.

Performance Appraisal

A process to evaluate and improve employee performance.