Notes, summaries, assignments, exams, and problems for Other subjects

Relative Humidity: Definition and Measurement

Relative humidity (RH) relates the amount of moisture actually present in the atmosphere to the maximum amount it can hold at a given temperature. If the air is saturated, the relative humidity is 100%.

Measuring Relative Humidity with a Hygrometer

Relative humidity is measured using a wet and dry bulb thermometer, sometimes known as a hygrometer. The measurement process relies on evaporative cooling:

• Water from a bottle soaks the cotton gauze covering the wet bulb, keeping the thermometer wet.
• As water evaporates from the damp cotton, it cools and reduces the temperature of the wet bulb thermometer.
• Consequently, the wet bulb temperature is lower than the dry bulb temperature due to this cooling effect.

What is the Service Marketing Mix?

All elements within the control of the firm that communicate the firm's capabilities and image to customers or that influence customer satisfaction with the firm's product and services: product, price, place, and promotion.

• People: All human actors who play a part in service delivery and thus influence the buyer's perceptions: namely, the firm's personnel, the customer, and other customers in the service environment.
• Physical Evidence: The environment in which the service is delivered and where the firm and customer interact, and any tangible components that facilitate performance or communication of the service.
• Process: The actual procedures, mechanisms, and flow of activities by which the service is delivered

SWOT is an acronym that stands for Strengths, Weaknesses, Opportunities, and Threats. A **SWOT analysis** is an organized list of your business’s greatest strengths, weaknesses, opportunities, and threats.

Strengths and weaknesses are internal to the company (think: reputation, patents, location). You can change them over time, but not without some work. Opportunities and threats are external (think: suppliers, competitors, prices)—they are out there in the market, happening whether you like it or not. You cannot change them.

VRIO Analysis: Resource Evaluation for Advantage

VRIO Analysis is an analytical technique brilliant for the evaluation of a company’s resources and thus its competitive advantage. VRIO is an acronym from the initials... Continue reading "Strategic Business Analysis Frameworks & Competitive Edge" »

Major Components of a Master Budget

A master budget can be divided into operating and financial budgets:

• Operating budgets describe the income-generating activities of a firm: sales, production, and finished goods inventories. The ultimate outcome of the operating budgets is a pro forma or budgeted income statement.
• Financial budgets detail the inflows and outflows of cash and the overall financial position. Planned cash inflows and outflows appear in the cash budget. The expected financial position at the end of the budget period is shown in a budgeted, or pro forma, balance sheet.

Behavioral Dimension of Budgeting

Using Budgets for Performance Evaluation

• Budgets are often used to judge the performance of managers.
• Bonuses, salary increases, and

Candidate Assessment: A Comprehensive Guide

Profile Study

• Assessment of CV presentation
• Analysis of cover letter
• Check for 5/6 essential profile factors: Age, degree, training, experience.
• Selection of suitable candidates
• Communication to rejected candidates

Preliminary Interview

Important for removing unsuitable candidates.

• Short
• Informs the candidate of basic workplace features: salary, contract type, position, specific location.

Assessment and Psychometric Tests

• Aims to measure personality, skills, and knowledge.
• Predicts future behavior in a specific job.

In-Depth Interview

• Introduce the candidate to the job and company.
• Evaluate the candidate's real potential for development.
• Evaluate opportunities for future development.
• Report on past behavior in similar

The Entrepreneurial Journey: From Idea to Impact

Core Principles of Entrepreneurship

The entrepreneurial process begins with opportunity, not solely with strategy, resources, or planning.

Opportunity recognition stems from creativity, a quality shared by both the entrepreneur and the entrepreneurial team.

Creativity itself arises from the collision between academic learning and real-world practice.

Value creation is the result of integrating identified opportunities with the efficient use of resources.

The successful combination of people, opportunity, and resources, converging at a particular time, often determines the chance for success.

Phases of Business Development

The Entrepreneurial Venture Lifecycle

The entrepreneurial journey can be broken... Continue reading "Entrepreneurial Success: From Opportunity to Market Impact" »

Effective Methods in Group Decision Making

To make decisions by consensus, different techniques can be employed, including the Nominal Group Technique and brainstorming.

Nominal Group Technique

The Nominal Group Technique is a structured method for problem-solving in groups. A moderator presents a problem, and for 6-8 minutes, each group member silently writes down their ideas and potential solutions. The ideas are then discussed individually to clarify any doubts. Subsequently, group members independently rank the ideas based on their own perspectives.

Decision-Making by Majority

When unanimous agreement cannot be reached, voting is a straightforward method to arrive at a decision. Each member casts a vote for their preferred option. There are... Continue reading "Effective Group Decision-Making: Techniques & Strategies" »

Understanding Communication

Communication serves various purposes:

• Ideational: Conveying ideas and information.
• Textual: Connecting ideas coherently within a discourse.
• Interpersonal: Engaging with the audience and building rapport.

Methods of Communication

Communication can be delivered through different channels:

• Verbal: Spoken and written forms, encompassing linguistic (words) and paralinguistic (tone, pitch) elements.
• Non-verbal: Utilizing non-verbal materials (visual aids) and body language (gestures, posture, eye contact).

Mastering Academic Presentations

To deliver effective academic presentations, follow these steps:

1. Introduce Yourself: Clearly state your name and affiliation.
2. Connect with the Audience: Establish rapport early on.
3. Capture Their

Working Conditions as Determinants of Work Climate

The work climate is the human and physical environment in which daily work is developed. It influences employee satisfaction and, consequently, productivity. Some aspects that determine the work climate in an organization are:

Autonomy

Autonomy refers to the independence of individuals in the execution of their normal duties. A positive work climate encourages employees to have all the independence they are capable of assuming.

Physical Conditions

Physical conditions encompass the environmental characteristics in which work takes place: lighting, sound, space distribution, location (situation) of people, utensils, etc.

Leadership

Leadership is defined by leaders' ability to relate to their colleagues.... Continue reading "Work Environment Factors: Impact on Productivity" »

Effective Business Communication

Communication within the company has definitions applicable to the organization:

• To share a project.
• To interact with other-oriented behavior that develops fulfillment of pre-established objectives.
• A process by which ideas are transferred from one person to another to develop a specific outcome.

Leadership = Communication. It is influencing others through communication processes to achieve objectives. Communication can be external or internal.

• External Communication: Occurs between the company and other companies or the environment.
• Internal Communication: Occurs between members of the organization.

External communications aim to ensure that customers and the environment understand what the company offers. This leads... Continue reading "Effective Business Communication and Decision-Making" »