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Samenvatting - Engels 3B
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Engels 31. Human Capital
What is it?
- The economic value of a worker’s experience and skills. (…) includes assets like
education, training, intelligence, skills, health, and (…) loyalty and punctuality
Is it useful?
- A company is only “as good as its people from the top down”
- Human capital is perceived to have a relationship with economic growth, productivity,
and profitability
Specific gain of Human Capital? Return on investment (ROI)
Are there any negative sides?
- the process that keeps certain areas underdeveloped while others become even more
developed
- Human capital can also depreciate through: “unemployment, injury, mental decline, (…)
the inability to keep up with innovation
Words:
Economic value -> Economische waarde
Balance sheet -> balans
Collective wealth -> collectief vermogen
Return on Investment -> rendement op investering
Developing places -> ontwikkelende plaatsen
Developed places -> ontwikkelde plaatsen
Current-account deficits -> tekort op lopende rekeningen
Foreign direct investment -> directe buitenlandse investeringen
Revenue -> inkomst
Competitive advantage -> concurentievoordeel
To elicit -> uitlokken (reactie uit iemand krijgen/lokken)
Zero-sum game -> nulsomspel (winst van één persoon voortkomt uit de verliezen van anderen)
Depreciation -> afschrijving
Stagnant -> stagnerend (refers to a lack of movement)
Resilience -> veerkrachtig
1
, To align -> op één lijn brengen
To foster -> bevorderen
Currency -> valuta
To diversify -> diferenciëren
To flourish -> opbloeien
Commodity -> grondstoffen
Recession -> recessie
Emerging markets -> opkomende markten
Undemanding -> niet veeleisend
Seniority -> anciëniteit
CRO -> chief relationship officer
2. Supply chain management
Pow Three:
- POW stands for Pick an idea, Organize notes, and Write more,
- TREE stands for Topic sentence, Reason, Explain reasons and Ending.
Process writing: Start with an interesting opener!
SCM = supply chain management
Supply chain is about:
- Buying
- Making
- Moving
- Selling
- Servicing
Product cost does not equal material cost because product cost encompasses more than just the
cost of materials used in manufacturing a product. Product cost is the total cost incurred by a
company to produce, manufacture, and deliver a product to the customer. It includes various
components, and while materials are a significant part, they are not the only factor.
A supply chain manager is responsible for overseeing and coordinating all activities related to
the production and delivery of goods or services, from the acquisition of raw materials to the
delivery of the final product to customers. The primary goal is to ensure the efficiency, cost-
effectiveness, and overall success of the supply chain.
Customer value
2
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