Advanced Glossary

Carbon Footprint

The amount of carbon dioxide that is emitted by a particular entity. It is usually expressed in ton s on an annual basis. Often times this term is confused with ecological or environmental footprint as these things take into consideration more than just the amount of CO2 you discharge.

Coaching

Coaching is increasingly used as accompaniment to measures for operational work in the field of company training. As a new learning form, it aims to promote individuals in their personal and vocational developments, also to support groups. Coaching aims to reflect individual and collective developments, to enable pr

Company Analysis

incorporates basic info about the company, like the mission statement and apparition and the goals and values. It also focuses on understanding the needs of the business as a whole, its strategic direction, and identifying initiatives that will allow a business to meet those strategic goals.

Company Mission

should guide the actions of the organization, spell out its overall goal, provide a path, and guide decision-making. It provides the framework or context within which the company's strategies are formulated.

Company Vision

is finding an optimal and harmonic equilibrium among all relevant groups of stakeholders. As a consequence, the vision of the company should be directed towards a wide range of groups, and is important for all departments and stakeholders of a company.

Competencies

This term comprises all abilities of the individual to act and to self-organise that enable him to cope with tasks and projects (i.e. those related to the situation and the persons concerned). Competencies cover the abilities, skills, methods, knowledge, experiences, attitudes, needs and the values which a person acquires, develops and applies in life.

They are bound to the individual and his ability to act self-responsibly. Competences always have to be described in relationship to the requirements on a person and his individual abilities or potential. In order to evolve, competences depend on the conditions in the environment. The development of competences results from individual learning and development processes and different forms of learning at work and in everyday life.

They do not include only the acquisition or adaptation of knowledge and abilities; the most important part is the readiness to test one’s experience as well as the self-organised further development of the action competence that justifies new requirements and tasks. Other essential elements include the ability and motivation for self-organised learning and acting and the capacity for further development of other technical, methodical, social and personal competences.

Core Skills

are defined as systematically focused combinations of individual technologies and production skills that support a multitude of product lines of a company. In other definitions the whole value chain is included.

Cost-Benefit Analysis

considers and quantifies future benefits that are not only of a monetary character. It is a rather strong method which can deduce the value of investment alternatives.

 

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