management strategies

Question 1

staff training

Answer 1

Training refers to the process of teaching staff how to do their job efficiently, boosting their knowledge and skills. It can be completed on the job or off the job.

Question 2

what are the strategies 12

Answer 2

• staff motivation
• staff training
• management styles/skills
• increased investment in technology
• improving quality in production
• cost cutting
• initiating lean product techniques
• redeployment of resources
• innovation
• global sourcing of inputs
• overseas manufacturing
• global outsourcing

Question 3

staff training KPI’s

Answer 3

• percentage of market share
• number of sales
• level of staff turnover
• number of complaints
• number of workplace accidents
• rate of productivity growth

Question 4

staff training business opportunities

Answer 4

improved skills can lead to product quality enhancements, better service, and business reputation boosts, leading to new products being developed and more customers

Question 5

staff motivation

Answer 5

motivation is what drives employees to apply effort over a sustained period of time.
- performance related pay
- career advancement
- investment in training
- support strategies
- sanction strategies

Question 5

KPI’s of staff motivation

Answer 5

• level of staff turnover
• rates of staff absenteeism
• number of sales

Question 6

management styles + skills

Answer 6

the preferred method of operating as a manager including ways of making decisions and inclusivenesses of employees the ability that benefit managers to preform their roles.

Question 7

staff motivation business opportunities

Answer 7

can lead to improved performances, helping drive new innovations, market expansions + a greater share of market

Question 8

KPI’s management styles + skills

Answer 8

• to make a profit
• number of sales
• percentage of market share
• rate of staff absenteeism
• number of customer complaints
• level of staff turnover

Question 9

management skills

Answer 9

• communication
• delegation
• planning
• leadership
• decision making
• interpersonal

Question 10

management styles business app

Answer 10

varied styles can lead to better employee morale + market growth

Question 11

increased investment in technology

Answer 11

new applications of scientific knowledge which aim to optimise the operations of the business

Question 11

tech KPI’s

Answer 11

• productivity growth
• wastage levels
• workplace accidents
• net profit figures

Question 11

tech business opp

Answer 11

tech may enable a business to access new markets

Question 12

Improving quality in production

Answer 12

improves the standard of the end good or services that reaches the consumer

Question 13

quality strategies

Answer 13

• quality control
• quality assurance
• total quality management

Question 14

cost cutting

Answer 14

reducing the expenses within the business without comprising product/services value

Question 15

cost cutting KPI’s

Answer 15

• net profit
  productivity growth
  wastage
  number of sales

Question 16

initiating lean product techniques

Answer 16

a holistic approach to enhance operational efficiency by reducing waste

Question 17

lean product KPI’s

Answer 17

• level of wastage
• net profit
• market share
• sales

Question 18

lean tech business opp

Answer 18

lean tech can lead to more streamlined processes + better responsiveness.

Question 19

redeployment of resources

Answer 19

the transformation to resources from one area of the business to another so they can be used. more effectively + efficiency
- natrual, labour, capital

Question 20

Innovations

Answer 20

the act of introducing something new or making changes to something that already exists

Question 21

Global outsourcing of inputs

Answer 21

where the business obtains its resources from overseas suppliers

Question 22

overseas manufacturer

Answer 22

the production of goods in foreign country, rather than in the home country of the business

Question 23

global outsourcing

Answer 23

This is where goods and services are sourced from the global market where a third party provider is used to complete certain business functions

Question 24

contemporary example

Answer 24

aldi

Question 25

labour resources

Answer 25

people who provide their skills, effort + knowledge in business
- people who work in the business

Question 26

capital resources

Answer 26

tools + machinary that are used to produce goods + preform services

Question 27

natural resources

Answer 27

items the business uses that come from the natural enviornment.
eg. land, air water, soil, plants, minerals, fuels + animals