sac 5 - AOS 2 implementing change Flashcards
leadership defintion
leadership is the ability to influence and motivate individuals and motivate individuals to achieve business objectives
importance of leadership in change
> change can be a difficult process for many stakeholders as they work to move from the current state to the new unfamiliar state
leadership is important to help the stakeholders during this transition
change can cause resistance from stakeholders
leadership is important because it can help overcome this resistance if the manager supports these stakeholders during the change
what will a strong leader do in times of change
> be able to communicate a clear vision with stakeholders
listen to employee concerns
resolve conflicts that may arise as change is being implemented
motivate stakeholders on the benefits of change
provide support for those finding it difficult to adapt
focus on the needs of employees as well as the needs of the business
management strategies to respond to kpis
- what the management strategy is
- list of kpis that are related
- impact of strategy
inititing lean production technique
> eliminating waste
5S strategy to implement lean sort, set, shine, standardise, sustain
Time, Inventory, Motion, Waiting, Overprocessing, Overproduction, Defects
> KPIS INVOLVED
- number of customer complaints
- amount of waste
- net profit figures
ADVANTAGES
DISADVANTAGES
improved quality in production
> quality control/quality checks/quality assurance
higher quality raw materials from suppliers
> KPIS INVOLVED
- number of sales
- nuber of customer complaints
- percentage of market share
ADVANTAGES -increase sales -increase customer satisfaction -increase reputation DISADVANTAGES -increase expenses -increase time and materials -time and materials for quality checks
change in management styles and skills
> STYLES=
autocratic-manager makes all decisions and tells staff what decisions have been made, 1 way com
persuasive- manager makes all the decisions and sells the decision to staff, 1 way com
consultative- manager seeks feedback or input, from employees before making decision, 2 way com
participative- manager and staff work together to make decisons, 2 way com
laissez faire- manager gives full responsibility to employment for operations, 2 way com
SKILLS=
communicating- exchange of info between people (verbal/non-verbal, 1-way/2-way)
delegating- authority and responsibility is passed down from manager to employee
leading- ability f a manger to influence and motivate people towards achievement of business objectives
planning- being able to set objectives and detail ways of achieving them
decision making- ability to select the most appropriate course of action from a range of alternatives
interpersonal- ability to communicate and interact with a range of people and build strong relationships with them
ADVANTAGES DISADVANTAGES
>higher staff morale >resistance from managers
>higher productivity >managers may not be
capable
>increase sales
>no costs
KPIS
>rate of staff absenteeism
>rate of staff turnover
>no of customer complaints
staff training
on the job or off the job
>improving skills and knowledge
ADVANTAGES >higher employee motivation > higher quality >higher confidence >higher productivity=more outputs DISADVANTAGES >lots of money >time
KPIS >no of customer complaints >productivity rates >staff absenteeism >staff turnover >level of wastage
increased investment in technology
computer software, hardware, machinery, automated production line, machinery
ADVANTAGES >higher productivity >less human error >less workplace accidents DISADVANTAGES >costs money to implement >need training to use it >could breakdown >potential redundancies
KPIS >productivity rates >percentage of market share >number of sales >level of wastage >number of workplace accidents
staff motivation
willingness for employees to work hard to acheive business objectives
ADVANTAGES >higher productivity >higher staff morale DISADVANTAGES >hard to reach all employees
KPIS >productivity rates >percentage market share >profits >staff absenteeism >staff turnover
redeployement of recourses
movment of place/role resouces= natural-materials labour-employees capital-machinery/equiptment
ADVANTAGES >could increase motivation >increase efficiency >increase profits DISADVANTAGES >time >money >employee resistance
KIPS >number of sales >profit >level of wastage >productivity growth
cost cutting
could cut costs in inputs, materials, wages, rent, waste
ADVANTAGES >increase proft >satisfy shareholders >better efficiency >less waste DISADVANTAGES >could compramise quality >could cause conflict >lower staff morale
KPS >rate of staff absenteeism >staff turnover >sales >profit
seeking new business opportunities
managers will often seek new business opportunities to gain new business
>helps to groe and expand
>domestically or globally
domestic opportunities
domestic opportunities is where the business is looking to gain more buiness with their current country of operating
multiple branding
multiple branding is where one buisines sells mutiple brands in the same market
>allows customers to have a choice in a wide variety of products and allows business to take up a larger amount of shelf space
>business might get backlash from customers who think they are just after profits
franchising
franchising is where a business grants someone the rights to carry out commercial activities using the brand of the business
>enables the business to expand while using other peoples money
>there is some loss of control and shared profits
government programs
governments at different level provide assistance for businesses that are looking to grow
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global opportunities
global opportunities are whee the business is looking to gain mokre business outside their current country of opearations