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BUSINESS MANAGEMENT UNIT 3 & 4 > UNIT 3 outcome 2 prep↓ > Flashcards

UNIT 3 outcome 2 prep↓ 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.

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

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