5B Flashcards
Management Strategies to Respond to KPIs Part 1
what is staff training
Staff training involves a business equipping employees with the knowledge and skills required to perform work tasks.
what is staff motivation
Staff motivation involves a manager implementing strategies that encourage employees to work towards the achievement of business objectives.
what is change in management style
Change in management style involves altering the way management directs and communicates with employees.
what is change in management skills
A change in management skills involves a manager, altering the way they approach business tasks and collaborate with other employees.
What do Management strategies to respond to KPI’s focus on???
-the financial status of a business
-employee morale
-and the operations process.
what is cost cutting
is the process of reducing business expenses.
In staff motivation, what are the motivation strategies
1)performance related pay(n.)
2)Career advancement(n.)
3)investment in training(n.)(CHECK THIS ONE)
4)support strategies(n.)
5)sanction strategies(n.)
what is performance related pay
is a financial reward that employees receive for reaching or exceeding a set business goal.
what is career advancement
Career advancement is the upwards progression of an employee’s job position
what is investment in training
is allocating resources to improve employee skills and knowledge.
what is support strategies
involve providing employees with any assistance that improves their satisfaction at work.
what are the management styles
1)Autocratic(n.)
2)Persuasive(n.)
3)Consultative(n.)
4)Participative(n.)
5)Laissez-faire(n.)
what is sanction strategies
involve penalising employees for poor performance or breaching business policies
what is Autocratic
involves a manager making decisions and directing employees without any input from them.
what is Persuasive
involves a manager making decisions and communicating the reasons for those decisions to employees without their input.
what is Consultative
involves a manager seeking input from employees on business decisions but making the final decision themselves.
what is Laissez-faire
involves a manager communicating business objectives to employees and giving them freedom to make decisions independently.
what is Participative
involves a manager sharing information with employees so that employees can participate in decision-making.
what are the management skills
1)Communication(n.)
2)Delegation(n.)
3)Planning(n.)
4)Leadership(n.)
5)Decision-making(n.)
6)Interpersonal(n.)
what is communication
is the skill of effectively transferring information from one party to another.
what is delegation
is the skill of assigning work tasks and authority to other employees who are further down in a business’s hierarchical structure.
what is planning
is the process of determining a business’s objectives and establishing strategies to achieve these aims.
what is decision-making
is the skill of selecting a suitable course of action from a range of plausible options.
what is leadership
is the skill of motivating others in order to achieve a business’s objectives.