There Are Six Elements to the Business Environment

question 170

True/False

There are six elements to the business environment.

Identify the impact of an organization's learning and training strategy on its development programs.

Distinguish between training and development and their relevance to job performance.

Understand the need for training stemming from organizational changes such as restructuring and downsizing.

Learn about performance management processes and their role in identifying training needs.

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Definitions:

Legal Concessions

Rights or privileges granted by a government or authority to an individual or company, often relating to the use of land or natural resources.

Without Prejudice

Words that, when used during negotiation, are a declaration that concessions, compromises, and admissions made by a party cannot be used against that party in subsequent litigation.

Litigation

The process of taking legal action; the act of contesting a case in a court of law.

Mediation

A form of alternative dispute resolution where a neutral third party assists in reaching a mutually acceptable agreement between disputing parties.