Management strategies to repsond to KPI

Question 1

List the management Strategies to respond to KPI

Answer 1

-training

-staff motivation

-global outsourcing as business opportunity

-overseas manufacture as a business opportunity

-change in management styles and skills

-redeployment of resources

-initaing lean production tech

-cost cutting

-Investment in tech

-Improve quality of production

Question 2

TRAINING and what KPI it repsonds to:

Answer 2

the process of teaching someone how to their job more effectively and effeicnetly by boosting their skills and knowledge.

KPI:
-number of workplace accuidents
-number sales
-rate of productivity
-number of customer complaints
-profits
-staff turnover

Question 3

Staff Motivation

Answer 3

Can do this by: career advancement, performance related pay, support and sanctions

KPI:
-Productivity rates
-number of sales
-percentage of market share
-staff turnover and absenteeism

Question 4

Changes in managment styles

Answer 4

autocratic, participative, persuasive, consultative

KPI:
-staff turnover and absenteeism
-profits
-market share
-accidents

Question 5

Change in management skills

Answer 5

-planning, delegating, communicating

Question 6

Investment in technology–> more detailed in doc

Answer 6

Automated production line–> it fast hence increases sales and profits

Computer Aided Design: the ability to create diff possible deigns for customers before manufacures–> they more likely to be satisfies with the finfihsed product–> REDUCE NUMBER OF COMPLAINTS.

Online services: The creation of an online shop and platform offer customers the ability to browse avalble goods and services via the internet. As a result. The whole world is a potential fr the ,arket for the business.

Question 7

Improve quality in production

Answer 7

Number of complaints

Number of sales

Percentage of market share

Rate of productivity growth and
level of wastage→ reading defects reduces wats and make sure thins are more efficiently.

Question 8

Cost Cutting

Answer 8

Increased profits
Reduce wastage
Increase pridcytvity growth
increased sales (if cost savings are passed on to consumers)

Question 9

Initating lean management

Answer 9

-Reduced level of wastage
-Increased net profits
-Increased productivity growth
-Increased sales ad market share

Question 10

Innovation as business opportunity definition and KPI

Answer 10

the pratcial implementation of new ideas that result in introduction of new or improved GS.

-increased sales
-Marketshare
-Profit

Question 11

Redeployment of resources definition and KPI

Answer 11

The assignment of resources to another area in the business

• Improved productivity
  -Reduced staff turnover
  -Improved levels of wasteage

Question 12

Global sourcing as business opportunity

Answer 12

-profits
-Market share

Question 13

Overseas manufacture as busines sopportunity

Answer 13

-declining sales
-profits
-Market share

Question 14

Global outsurcing as a business opportunity

Answer 14

-sales
-profits