Quick Revision of Key Topics Flashcards Preview

A2 Business > Quick Revision of Key Topics > Flashcards

Flashcards in Quick Revision of Key Topics Deck (16):
1

Centralisation Advantages

-Close control and management supervision
-Strong leaders make decisions
-Control over aspects like finance

2

Centralisation Disadvantages

-Staff may feel over supervised
-Bureaucracy and diseconomies of scale

3

Decentralisation Advantages

-Empowerment/delegation motivates
-Less management overhead costs

4

Decentralisation Disadvantages

-Lower hierarchy stressed
-Manager may feel loss of control

5

Delayering Advantages

-Empowerment/delegation motivates
-Less management overhead costs

6

Delayering Disadvantages

-Potential loss in experience, lower hierarchy may be inexperienced
-Managers loss in control

7

Soft Advantages

-Training more productive
-Not lots of recruitment
-Motivates from empowerment

8

Soft Disadvantages

-Very costly, opportunity cost if training is needed
-Managers lose delegated powers
-Threat of poaching trained staff

9

Hard Advantages

-Low recruitment costs
-Managers control decisions
-Reward systems relative to contribution

10

Hard Disadvantages

-Demotivation, little care/empowerment
-May not be motivated by money
-Employees have Kaizen knowledge

11

CPA Advantages

-Smooth operations
-See potential delays
-Resources specifically ordered

12

CPA Disadvantages

-Doesn't ensure effective management
-Can be incorrectly completed
-Doesn't account for uncertainties

13

Marketing Plan Advantages

-Helps remove barriers to knowledge
-In line with corporate objective so that is achieved
-Motivation to achieve it

14

Marketing Plan Disadvantages

-May not have sufficient contingency
-Cost/Time/Resources available, opportunity cost

15

Lean Production Advantages

-Reduced Costs
-More efficient production
-Motivation from Kaizen

16

Lean Production Disadvantages

-May not be in line with HRM strategy
-Reliant on flexible/reliable suppliers