Unit 4 outcome 2 Flashcards
List Management strategies
Staff training and motivation. Change in management style or skills. Increased in investment in technology. Improve quality in production. Cost cutting.
Define leadership
The process of positively influencing and encouraging individuals to set and achieve objectives.
List Domestic opportunities
Multiple branding
Mergers and acquisitions
Product differentiation
List Global opportunities
Exporting
Partnering with an oversea business
Online shopping
List the Principles of learning organisation
Personal Mastery Shared Vision Team Learning Mental Models Systems Thinking
List Overcoming Employee Resistance (Low Risk)
Communication
Empowerment
Support
Incentives
Staff training
The process of teaching staff how to do their job efficiently, boosting their knowledge and skills. It can be completed on the job or off the job
Staff motivation
What drives employees to apply effort over a sustained period of time.
Management styles or skills
A manager’s behaviour and attitude when making decisions, directing and motivating staff, and implementing plans to achieve business objectives.
Increased investment in technology
Applications of knowledge that change people’s lives and change the way in which a business operates.
Improving quality in production
The degree of excellence of goods or services and their fitness for a stated purpose.
Initiating lean production techniques
Lean production improves the efficiency and effectiveness of operations by eliminating waste and improving quality.
Personal Mastery
where individuals within the business undertake continual learning
Shared Vision
being able to develop a vision that the people within the business believe in
Team Learning
the process of building and developing a team’s capacity to create results that its members truly desire