Here are some common terms used in this module.
Governing Body: refers to the group or individual responsible for the centre’s governance.
Stakeholders: may include but are not limited to staff, students and their families, referring agents, accommodation providers, organisations to which the centre belongs (e.g., university, diocese), stakeholders, government.
Strategic Plan: an organisation’s process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy.
Business Plan: a formal statement of business goals, reasons they are attainable, and plans for reaching them. It may also contain background information about the organisation or team attempting to reach those goals.
Organisational Structure: defines how activities such as task allocation, coordination and supervision are directed toward the achievement of organisational aims.
Organisational Culture: encompasses values and behaviours that contribute to the unique social and psychological environment of an organisation.
Internal Audits: adheres to generally accepted standards established by governing bodies,
External Audits: is an independent, objective assurance and consulting activity designed to add value and improve an organisation’s operations.
Risk Management: to assure uncertainty does not deflect the endeavour from business goals.
Ethical Framework: set of codes that an individual or company uses to guide their behaviour.
Due Diligence: an investigation of a business or person prior to signing a contract, or an act with a certain standard of care.
