U4AOS2- Management Strategies Flashcards

1
Q

Define “Staff Training”

A

Staff training can be on-the-job or off-the-job and involves a business equipping employees with the knowledge and skills required to perform work tasks.

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2
Q

Define “Staff Motivation”

A

Motivation is the willingness of an individual to expend energy and effort in completing a task.

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3
Q

Define “Change in Management Styles”

A

A change in management style involves a manager altering the way they direct and communicate with employees

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4
Q

Define “Change in Management Skills”

A

A change in management skills involves a manager altering the way they approach business tasks and collaborate with employees.

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5
Q

Define “Cost Cutting”

A

Cost cutting is the process of reducing business expenses.

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6
Q

Define “Increased Investment in Technology”

A

Increased investment in technology involves implementing automated and computerised processes into a business’s operations system

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7
Q

Define “Improving Quality in Production”

A

Improving quality in production involves a business implementing processes that increase the perceived value of its good or service

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8
Q

Define “Initiating Lean Production Techniques”

A

Initiating lean production techniques involves a business adopting lean management strategies to systematically reduce waste in all areas of production while also improving customer value.

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9
Q

Define “Redeployment of Resources”

A

Redeployment of resources involves reallocating natural, labour, and capital resources to different areas of the business to improve productivity and effectiveness.

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10
Q

Define “Innovation”

A

Innovation is the process of altering and improving or creating new products or procedures.

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11
Q

Define “Global Sourcing of Inputs”

A

Global sourcing of inputs involves a business acquiring raw materials and resources from overseas suppliers.

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12
Q

Define “Overseas Manufacture”

A

Overseas manufacture involves a business producing goods or services outside of the country where its headquarters are located.

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12
Q

Define “Global Outsourcing”

A

Global outsourcing involves transferring specific business activities to an external business in an overseas country.

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