GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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09:52 Mar 14, 2006 |
English language (monolingual) [PRO] Bus/Financial - Management | |||||||
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| Selected response from: Steffen Walter Germany Local time: 09:58 | ||||||
Grading comment
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SUMMARY OF ALL EXPLANATIONS PROVIDED | ||||
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4 +5 | to achieve commitment of a specific site/operation/factory, complete with acceptance by trade unions |
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4 | the act of binding the site to a course of buying the union stocks |
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3 | Construction and labour terms. |
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Discussion entries: 1 | |
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the act of binding the site to a course of buying the union stocks Explanation: /// |
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Construction and labour terms. Explanation: Agreement on how work will be done, together with related union terms. |
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to achieve commitment of a specific site/operation/factory, complete with acceptance by trade unions Explanation: "Site" relates to a certain plant/factory/operation forming part of the company your text refers to. "Commitment" most probably means that the site in question should be/become committed to certain strategies/policies/rules/guidelines defined by the parent company (in other words, take the obligation to adhere to these). "Union" refers to the trade union as the counterpart in negotiations with the employer/business owner(s)/management. "Union buy-in" means that the trade union should be brought to support whatever policies/rules etc. are agreed (in other words, they should participate in the process and become convinced of what is agreed, or come to see the process/actions/goals as their own). See definition of "buy-in" at http://uis.georgetown.edu/departments/eets/dw/GLOSSARY0816.h... - "Buy-In - The process whereby stakeholders, e.g. end-users as well as executives, come to see the goals of an organizational or change effort as their own; a key component in achieving change successfully." -------------------------------------------------- Note added at 1 hr (2006-03-14 11:22:40 GMT) -------------------------------------------------- In other words, "union buy-in" means to obtain trade union consent/agreement and to involve trade union representatives in the process so that they can fully subcribe to what is being done/agreed. |
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