Unit 3 Aos 1 Business foundations
Involves the ability to transfer authority and responsibility from a manager to an employee to carry out specific activities.
Identify delegating
the management of a wide range of responsibilities relating to the human (employees) function within a business in order to increase the efficiency of both employees and the business
What is the role of a human resource manager
Inputs, process and output
What are the three elements of operations management?
Measures or a set of data that allows a business to determine whether it is meeting its business objectives
What are K.P.Is
Methods and plans that are implemented to develop and grow a business and to meet business objectives
What are strategies?
Management makes decisions and passes on directions to those below it in a hierarchy; communication is downward and worker participation in decision-making is non-existent
or
Centralised decision making.
Love, belonging, affection, affiliation, acceptance and friendship in peer groups
What is "Social needs" (Abraham Maslow’s 3rd level of human need)?
the use of software applications that create detailed instructions that drive computer controlled manufacturing
What is computer-aided manufacturing (CAM)?
measures the business’s ability to transform inputs into outputs.
process of relocating resources such as materials, equipment and labour to different departments,
What is redeployment of resources?
Full liability of owner (if their business fails) to the extent of their personal assets
What is unlimited liability
A financial reward to employees whose work has reached or exceeded a set standard
What is performance related pay?
A system established to ensure that predetermined system established to ensure that usually externally predetermined quality standards are achieved.
What is Quality assurance
Leaders or managers in a business may need to identify the driving and restraining forces and then provide them with a number according to how important they are perceived to be.
What is weighting (referring to a ffa)
a process where the members of the team develop the team’s capacity to create desirable results for all. It builds on personal mastery and a shared vision
What is Senge's team learning principle?
an individual or a group that has a direct or vested interest in the activities of a business
What is a stakeholder
Where workers are moved between different jobs to increase variety of work and create a more flexible workforce
What is career/job rotation?
The time you need to complete a product to meet customer demand.
What is TAKT time?
the process of increasing interdependence between countries.
Some of the details or consequences of the change may be left out of the information presented, or the facts may be distorted and employees pushed into a certain direction or decision. Leaving out some of the more unfavourable or difficult information means that employees are making decisions without being fully informed.
What is an example of the high-risk strategy Manipulation?
having ongoing life (that is, never-ending), usually used in reference to partnership, private, public listed, government business and social enterprises.
What is perpetuity?
Australia’s national workplace relations tribunal. Its role is to assist employees and employers to maintain fair and productive workplaces.
What is the FWC?
Increased costs related to international administration or communication, shipping costs
T he lack of ability of a business to react to internal and external pressures for change, as it tends to continue on its well-entrenched way
What is organisational inertia?
the ability to influence or motivate people to work towards the achievement of business objectives
What is leadership?