SAC Revision 2 S2 Flashcards

1
Q

Persuasive management

A

Where the manager attempts to sell decisions made

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2
Q

Consultative management

A

Where the manager takes into account the opinions of employees before making a decision

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3
Q

Participative management

A

Where the manager encourages employees to be apart of the decision making process

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4
Q

Laissez Faire management

A

Management set objectives, but employees take full responsibility for achievement of these objectively

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5
Q

Communication

A

The process of creating and exchanging information.

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6
Q

Delegation

A

Where a manager gives authority to another employee to complete a set task. The manager is still responsible for the task being completed.

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7
Q

Negotiation

A

The process of reaching an agreement through discussions and compromises

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8
Q

Problem solving

A

Recognises difficulties, then develops and implements a plan of action

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9
Q

Emotional intelligence

A

Identifying, assessing and managing the emotions of yourself and others

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10
Q

Corporate culture

A

The values, ideas and expectations and beliefs shared by members of an organisation

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11
Q

Planning

A

The process of setting objectives and developing strategies to achieve these objectives

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12
Q

Organising

A

The process of arranging resources and tasks to achieve objectives

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13
Q

Leading

A

The process of influencing and encouraging individuals to achieve objectives

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14
Q

Controlling

A

The process of evaluating performance and taking corrective action to ensure that the set objectives are being achieved

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15
Q

Stakeholder

A

Groups and individuals with a vested interest in an organisation

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16
Q

Outsourcing

A

Giving no core activities to other organisations to complete

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17
Q

Downsizing

A

Staff reductions with the elimination of jobs

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18
Q

Motivation

A

The drive and desire to achieve a goal

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19
Q

Ethical management

A

Accepting moral standards and doing the ‘right’ thing in the interest of all stakeholders

20
Q

Mission statement

A

A statement expressing the purpose of an organisation

21
Q

Selection

A

The process of choosing the applicant who best matches the organisations requirements

22
Q

Recruitment

A

The process of attracting a pool of competent and qualified applicants

23
Q

Occupation health and safety

A

The responsibility the employer has to ensure the work place is safe for employees and steps are taken to minimise harm

24
Q

Diversity

A

The variety of individual differences that exists among people in terms of age, gender, race

25
Q

Shareholder

A

Any person who owns shares in a company

26
Q

Triple bottom line accounting

A

Measures the economic, social and environmental performance of an organisation

27
Q

Work life balance

A

Achieving the right amount of time for work and personal life

28
Q

Policy

A

A set guide of guidelines to be followed by all employees

29
Q

Procedure

A

A process that enables a policy to be put into place

30
Q

Innovation

A

Creating or amending a new product or service

31
Q

Benchmarking

A

A process in which an organisation measures its performance against that of other leading organisation known for their excellence

32
Q

Continuous improvement

A

An ongoing commitment to achieving perfection

33
Q

Quality circles

A

A team of workers who meet to solve problems relevant to quality

34
Q

Competitors

A

Other organisations that offer rival products or services

35
Q

Profitability

A

Measures the earning performance of an organisation

36
Q

Percentage of market share

A

Measures the percentage of the total market that a business has compared to its competitors

37
Q

Results of staff satisfaction survey

A

Measures how satisfied staff are within the organisation

38
Q

Level of wastage

A

Measures of the amount of waste created by the production process

39
Q

Number of workplace accidents

A

Measures how safe the workplace is for employees

40
Q

Marketing

A

Is the total process by which a business plan, produces, prices, promotes and distributes a product

41
Q

Public relations

A

Is the practice of managing the spread of information between an organisation and the public

42
Q

Internal environment

A

Refers to activities, functions and pressures which occur within the organisation

43
Q

Operating environment

A

The environment immediately external to an organisation over which it has close interaction when conducting its business activities

44
Q

Macro environment

A

Broad operating conditions in which an organisation operates

45
Q

Autocratic Manager

A

Where the manager tends to make all the decisions