High Net Worth

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Term which describes a rich individual or family who have investable assets of $1million or more, but this can vary. A person with more than $50million is classed as Ultra High Net Worth. (as at 2009)-

Hire Purchase

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HP. A contract between a buyer and seller in which the buyer takes possession of an item and then pays for it in regular instalments, usually monthly, and does not become the owner of the item until the final payment has been made. Also referred to as ‘Buying on the never-never’.-

Homeostasis/homoeostasis

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Homeostasis is a powerful and illuminating concept. Technically, yet somewhat unhelpfully, the OED (Oxford English Dictionary) defines homeostasis as “The tendency towards a relatively stable equilibrium between interdependent elements, especially as maintained by physiological processes”. Homeostasis is perhaps more easily understood initially via its Greek roots, meaning ‘similar’ and ‘standing still’. –

Horizontal Integration

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The joining together of businesses which produce similar goods or offer similar services, or are involved in the same stage of activities, such as production or selling.

Hot Desking

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In an office, the practise of having a pool of desks, which are usually equipped with phone and computer links, so that workers can use them when they are required, rather than having their own individual desk.

Hothouse/Hothousing

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Informal term for an intense development environment or method, or the verb equivalent, typically applied to training people or developing ideas or ventures; a metaphor alluding to a heated greenhouse for growing plants.

Human Resources

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HR. The people who are employed by and operate a business or organisation. The department within a company which deals with recruitment, training, employee benefit, etc.