Business Resources

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Total quality management (TQM) is advantageous because it provides companies with short-term and long-term benefits that improve product quality, productivity and customer relations. On the other hand, TQM can cause job loss, excessive costs during production and a decrease in creativity.

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  • What is the role of the personnel department?

    Q: What is the role of the personnel department?

    A: An organization's personnel department handles a variety of critical functions that help meet the needs of business owners, managers and staff. Personnel departments hire and train employees, implement company policies and procedures, handle specific performance issues, determine employee salaries, ensure that fair labor laws are followed, terminate employees and much more.
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  • What is the definition of organizational resources?

    Q: What is the definition of organizational resources?

    A: Organizational resources are all assets that a corporation has available to use in the production process. There are four basic types of organizational resources: human resources, capital resources, monetary resources and raw materials.
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  • How much should you pay for a business?

    Q: How much should you pay for a business?

    A: As there as many different factors to consider when purchasing a business, there's no fixed or ideal price to pay. Making an offer for a business is an exhaustive process because there's much research needed to be completed before pitching a takeover proposal. Paying for existing businesses can be a safe option because there are fewer risks involved than starting from scratch.
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  • What is business tourism?

    Q: What is business tourism?

    A: Business tourism is the use of travel services, hotel facilities and other amenities by people who are traveling on business. Business tourism is on the increase, and the tourism industry separates business tourism from leisure tourism in an effort to promote the former by offering particular services for business people.
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  • What is the role of a personal assistant?

    Q: What is the role of a personal assistant?

    A: A personal assistant provides individualized support services to business professionals or families. Some common tasks that personal assistants do on a daily basis include making travel arrangements, scheduling appointments, organizing special events, taking dictation and performing miscellaneous clerical and administrative duties. Some personal assistants also travel or live with their employers, or even both.
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  • Where can I find free and fun team building games and activities?

    Q: Where can I find free and fun team building games and activities?

    A: The Team Building Directory lists many ideas for free and fun team building games and activities. There are several team building exercises listed by the Team Building Directory which are provided by Fresh Tracks, a company that specializes in creating and offering corporate team building and team building development days for some of the biggest companies in Europe.
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  • What is the purpose of a staff meeting?

    Q: What is the purpose of a staff meeting?

    A: The purpose of a staff meeting is to inform employees, exchange information and collaborate to reach business goals. Staff meetings provide the necessary information, tools and engagement that employees need to be proficient. Employees can also receive the motivation needed to do a job well during an inspiring staff meeting.
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  • What are the required breaks for an eight-hour work day?

    Q: What are the required breaks for an eight-hour work day?

    A: According to the Houston Chronicle, the U.S. Department of Labor does not enforce an eight-hour workday or mandate specific breaks; it does, however, require payment for breaks shorter than 20 minutes. Nineteen states have laws governing workday breaks, though only seven states enforce eight-hour workday rules, as of 2013.
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  • What percentage of new businesses fail?

    Q: What percentage of new businesses fail?

    A: Although the percentage varies depending on the length of time a new business is open and the industry it is in, the average consensus is that about 50 percent of businesses fail within the first four years of being in business.
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  • What are normal working hours?

    Q: What are normal working hours?

    A: A typical, full-time work week consists of no more than 40 hours per week, usually from 9 a.m. until 5 p.m., as defined by the U.S. Department of Labor. Any extra hours are subject to overtime pay.
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  • What is an investigative consumer report?

    Q: What is an investigative consumer report?

    A: An investigative consumer report is a complete report on a person's background that shows his lifestyle, character, reputation and personal characteristics. The gathering of this information includes interviewing his friends, neighbors and colleagues. This report is used to make employment decisions during promotion, reassignment, hiring and retention.
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  • What is the meaning of safety education?

    Q: What is the meaning of safety education?

    A: Safety education educates individuals on various safety practices at work, at school, on the road and in daily life. Safety education courses are often a requirement for specific certifications and licenses. Safety courses include CPR training, work environment safety, food safety, driver safety, weather safety, fire safety and self-defense.
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  • What is a presentation package?

    Q: What is a presentation package?

    A: A presentation package is a software program that provides the resources necessary to give a professional presentation for meetings, lectures, speeches or other similar situations. Displays often include slideshows, and other customization options that can be tailored to the presenter's specific needs.
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  • Why is a contract important?

    Q: Why is a contract important?

    A: A contract is important because it can be used in the legal system to ensure that both parties of an agreement are equally compensated for their work, goods or money. Contracts are legal agreements that may or may not be written.
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  • What does the finance department do?

    Q: What does the finance department do?

    A: The finance department plays a huge role in business because that's where the money is. The finance department knows how much money is needed to pay vendors, secure clients, cover bills and pay employees. This department is also in charge of filing taxes, keeping up with the current value of assets, and knowing how much cash flow the company has at any given time.
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  • What is a tender document?

    Q: What is a tender document?

    A: A tender is usually publicly announced to suppliers for the needs of services or products. The tender document contains the necessary application papers and informs of additional information that the suppliers must deliver in order to apply for the tender and enter the selection process.
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  • What do I do if an employer refuses to pay me?

    Q: What do I do if an employer refuses to pay me?

    A: Labor and employment law attorney Elizabeth Unrath advises unpaid employees to first gather contact information for the business and then talk to their state's labor board. Failure to pay wages is illegal and considered to be a form of theft.
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  • What are some daily safety tips?

    Q: What are some daily safety tips?

    A: The Houston Chronicle's Small Business page offers various workplace safety tips such as keeping a break room area clean and turning off coffee makers and other appliances when not in use. Washing hands and taking home leftover food minimizes the spread of bacteria. Keeping foil away from microwaves is another safety tip. Employees also should try to keep liquids away from computers and other electronic devices as a precaution.
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  • How do you respond to a good performance review?

    Q: How do you respond to a good performance review?

    A: When an employer offers a positive review of past performance, it is a good idea to respond with gratitude. It can be difficult to navigate office protocol surrounding this situation, as many companies maintain strict gift-giving policies. The way in which a person responds to a good performance review often depends upon the relationship with the reviewer.
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  • What are some examples of the private sector?

    Q: What are some examples of the private sector?

    A: The private sector is the part of the economy not controlled by local, state or federal government. Examples of the private sector are privately owned small businesses, multinational corporations and nonprofits. The private sector provides most of the jobs in a free-market economy.
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  • How do you organize an annual general meeting?

    Q: How do you organize an annual general meeting?

    A: Every incorporated firm is required to hold an annual general meeting each calendar year. In order to organize a successful annual general meeting you should plan the meeting ahead of time.
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