Essay on assesment 2

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Activity 1 : Quality Improvement and Innovation
Quality Improvement
Quality Improvement is a formal approach to the analysis of performance and systematic efforts to improve it.
Quality Innovation
Quality Innovation is a new idea, device or process. Innovation can be viewed as the application of better solutions that meet new requirements, in articulated needs, or existing market needs.

Quality Improvement
Innovation
Job design / description

Job Security

Compensation System and pay rates

Level of Employee Participation

Performance Appraisal

Training and Development

Activity 2 Types of HR System

Private company:-
A privately held company or close corporation is a business company owned either by non-governmental organizations or by a relatively small number of shareholders or company members which does not offer or trade its company stock (shares) to the general public on the stock market exchanges, but rather the company's stock is offered, owned and traded or exchanged privately. More ambiguous terms for a privately held company are unquoted company and unlisted company

Public company:- A company that has issued securities through an initial public offering (IPO) and is traded on at least one stock exchange or in the over the counter market. Although a small percentage of shares may be initially "floated" to the public.
Public companies have inherent advantages over private companies, including the ability to sell future equity stakes and increased access to the debt markets. With these advantages, however, comes increased regulatory scrutiny and less control for majority owners and company founders. The principal difference between public and privately held companies is that public companies have shares that can be publicly

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