Business Studies Acronyms – For all Topics

Resource Description

Acronyms for all HSC Business Studies topics. Good for revising.

Abstract from the document

Human Resources (RIPS)

Role
OHHUSI
O – Outsourcing
H – Human resources functions
U – Using contractors
S – Strategic role
I – Interdependence

Influences
STEELS
S – Stakeholders
T – Technological
E – Economic
E – Ethics and CSR
L – Legal
S – Social

Processes
ADMS
A – Acquisition
D – Development
M – Maintenance
S – Separation

Strategies
PRTLGRDD (“Partly Gradd”)
P – Performance management
R – Recruitment (internal/external; general/specific skills)
T – Training and development (current/future)
L – Leadership style
G – Global (costs, skills, supply)
R – Rewards (monetary/non-monetary; individual/group;
performance pay)
D – Design (i.e. job design; general or specific)
D – Dispute resolution

Effectiveness of human resource management – Indicators
WATBLAC (“What Black”)
W – Worker satisfaction
A – Absenteeism
T – Turnover
B – Benchmarking key variables
L – Levels of disputation
A – Accidents
C – Corporate culture