The Association of Chartered Certified Accountants (ACCA) is one of the largest and most prestigious professional accountancy bodies in the world, with over 140,000 members in 170 countries, known for its rigorous certification process and global standards.
A professional organization based in the UK, dedicated to those working in procurement, supply-chain management, and related areas. It offers training, qualifications, and various professional support services.
Employee empowerment refers to the practice of giving employees more responsibility and autonomy in decision-making processes within an organization. This approach can lead to improved decision-making, as well as enhanced training, motivation, and productivity among employees.
Human capital refers to the skills, knowledge, and experience possessed by an individual, viewed in terms of their value to an organization. This concept helps explain variations in wages and employment decisions in the labor market.
Industrial Psychology, also known as Personnel Psychology, is a specialized field of psychology focusing on the understanding and application of psychological principles and methods to various aspects of work environments.
Job enrichment involves motivating employees through expanding job responsibilities and giving increased control over the total production process. This empowerment often includes training, support, and enhanced input into procedures.
The Management Action Planning (MAP) technique is a management simulation tool used for management development training. It allows group members to define their task groups by choosing those people most appropriate for working in them.
Role playing is a simulation exercise where participants act out specified roles in a dramatization of an event or situation, aiming to achieve a better understanding by experiencing a realistic simulation. It is especially useful as a training exercise.
