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BUSINESS MANAGEMENT UNIT 3 & 4
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task words Flashcards
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BUSINESS MANAGEMENT UNIT 3 & 4
(17 decks)
→types of businesses including sole traders, partnerships. privato imited companies, public isted companes social enterprises and government business enterprises
→business objectives including to make a profit, to increase market share to fulfil a market and/or social need and to meet shareholder expectations
→characteristics of stakeholders of businesses including their interests, potential conflicts between stakeholders, and corporate Social responsibility considerations
→areas that contribute to business objectives
→management styles including autocratic, persuasive, consultative, participative and laissez-faire
→the appropriateness of management styles in relation to the nature of task, time, experience of employees and detached key manager prefrence
→management skills including communicating, delegating planning, leading, decision-making and interpersonal
→the relationship between management styles and management skills
→corporate culture both official and real and strategies for its development.
task words
UNIT 3 outcome 2 prep↓
3 motivational theory's
the relationship between managing employees and business objectives
4 motivational strategies
training options including on-the-job and off-the-job training, and the advantages and disadvantages of each
termination management
operations management
