SAC Revision 2 S2 Flashcards

(45 cards)

1
Q

Persuasive management

A

Where the manager attempts to sell decisions made

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2
Q

Consultative management

A

Where the manager takes into account the opinions of employees before making a decision

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3
Q

Participative management

A

Where the manager encourages employees to be apart of the decision making process

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4
Q

Laissez Faire management

A

Management set objectives, but employees take full responsibility for achievement of these objectively

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5
Q

Communication

A

The process of creating and exchanging information.

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6
Q

Delegation

A

Where a manager gives authority to another employee to complete a set task. The manager is still responsible for the task being completed.

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7
Q

Negotiation

A

The process of reaching an agreement through discussions and compromises

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8
Q

Problem solving

A

Recognises difficulties, then develops and implements a plan of action

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9
Q

Emotional intelligence

A

Identifying, assessing and managing the emotions of yourself and others

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10
Q

Corporate culture

A

The values, ideas and expectations and beliefs shared by members of an organisation

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11
Q

Planning

A

The process of setting objectives and developing strategies to achieve these objectives

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12
Q

Organising

A

The process of arranging resources and tasks to achieve objectives

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13
Q

Leading

A

The process of influencing and encouraging individuals to achieve objectives

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14
Q

Controlling

A

The process of evaluating performance and taking corrective action to ensure that the set objectives are being achieved

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15
Q

Stakeholder

A

Groups and individuals with a vested interest in an organisation

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16
Q

Outsourcing

A

Giving no core activities to other organisations to complete

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17
Q

Downsizing

A

Staff reductions with the elimination of jobs

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18
Q

Motivation

A

The drive and desire to achieve a goal

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19
Q

Ethical management

A

Accepting moral standards and doing the ‘right’ thing in the interest of all stakeholders

20
Q

Mission statement

A

A statement expressing the purpose of an organisation

21
Q

Selection

A

The process of choosing the applicant who best matches the organisations requirements

22
Q

Recruitment

A

The process of attracting a pool of competent and qualified applicants

23
Q

Occupation health and safety

A

The responsibility the employer has to ensure the work place is safe for employees and steps are taken to minimise harm

24
Q

Diversity

A

The variety of individual differences that exists among people in terms of age, gender, race

25
Shareholder
Any person who owns shares in a company
26
Triple bottom line accounting
Measures the economic, social and environmental performance of an organisation
27
Work life balance
Achieving the right amount of time for work and personal life
28
Policy
A set guide of guidelines to be followed by all employees
29
Procedure
A process that enables a policy to be put into place
30
Innovation
Creating or amending a new product or service
31
Benchmarking
A process in which an organisation measures its performance against that of other leading organisation known for their excellence
32
Continuous improvement
An ongoing commitment to achieving perfection
33
Quality circles
A team of workers who meet to solve problems relevant to quality
34
Competitors
Other organisations that offer rival products or services
35
Profitability
Measures the earning performance of an organisation
36
Percentage of market share
Measures the percentage of the total market that a business has compared to its competitors
37
Results of staff satisfaction survey
Measures how satisfied staff are within the organisation
38
Level of wastage
Measures of the amount of waste created by the production process
39
Number of workplace accidents
Measures how safe the workplace is for employees
40
Marketing
Is the total process by which a business plan, produces, prices, promotes and distributes a product
41
Public relations
Is the practice of managing the spread of information between an organisation and the public
42
Internal environment
Refers to activities, functions and pressures which occur within the organisation
43
Operating environment
The environment immediately external to an organisation over which it has close interaction when conducting its business activities
44
Macro environment
Broad operating conditions in which an organisation operates
45
Autocratic Manager
Where the manager tends to make all the decisions