5B management strategies to respond to kpis part 1

Question 1

All management strategies to respond to kpis P1

Answer 1

-staff training
-staff motivation
-change in styles / management skills
-cost cutting

Question 2

1. Staff training

Answer 2

focus on employees’ current job & aimed at improving skill, knowledge, attitude, and behaviour to perform job more efficiently / effectively than before. Can be taken either on-the-job / off-the-job.

Question 3

2. Staff motivation

Answer 3

motivation concerned with desire to do things. Manager wants employees to be motivated to do things that’ll achieve business objectives.
Motivation strategies e.g., performance related pay, career advancement, investment in training

Question 4

3. Change in management style / management skill’s

Answer 4

change in management style / skill of manager can positively impact employee motivation / performance improving business ability to meet objective.
Styles e.g., autocratic, persuasive, consultative, participative, laissez-faire Skill e.g. communicating, delegating, planning, leading, decision-making

Question 5

4. Cost cutting

Answer 5

process of reducing expenses therefore improve net profit figures. If cost saving translates to cheaper prices for customers, it can lead to increased number of sales and increase percentage of market share.