Business foundations
is a business that aims to make a profit and improve the community or environment
What is a social enterprise?
the process of managing the formal relationship between the employees and the business.
What is human resource management?
the role involves strategic decision-making and overseeing operations as they occur.
What does an operations manager do?
the amount of unwanted or unusable material created by the production process of a business.
the ability to influence or motivate employees to work towards the achievement of business objectives.
is a measure of how well a business is using its resources to achieve business objectives
What is efficiency?
What is a disadvantage of on=the-job training?
What are the disadvantages of Automated production lines?
Or
What are the disadvantages of technology?
It starts with defining a change and ends with evaluating the response.
What is the force field analysis?
Strategies include staff motivation, staff training or increased investment in technology.
What are strategies to respond to KPIs?
To ensure that the business is profitable; to be paid promptly; to have a long-term relationship.
What is a supplier?
Both involve recognition, in feedback and self-esteem.
What is the similarity between Maslow's Hierarchy of Needs and Goal-setting theory.
the process of using historical data and seasonal fluctuations.
What is forecasting?
Factors that initiate, encourage and support a change.
What are driving forces?
values innovation and continuous learning can create a more receptive and adaptable workforce.
What is positive corporate culture?
is effective when employee lacks skills and experience but benefit being told the reason.
What is persuasive management style?
involves making a job bigger or more challenging
What is job enlargement?
or
What is the motivation strategy of career advancement?
The difference is that the business will set its own standards whereas standards will be set by an independent body.
What is a difference between QC and QA?
A strategy to seek the uniqueness for get ahead of competitors
What is the differentiation srategy?
Deeply ingrained assumptions and generalisations
What are mental models?
the process of setting objectives and deciding on the methods to achieve them
What is planning?
What is an example of industrial action?
A weakness is the constant focus on improvement and elimination of waste which can result in workplace stress.
What is lean management?
It provides the business with a clear view of the change before it is attempted to be implemented
What are the benefits of force field analysis?
The effect on the stakeholder is that they may have an increased workload which leads to stress.
What is a negative effect on managers due to change?