Shared Flashcard Set

Details

Business management and change
N/A
17
Business
12th Grade
05/12/2010

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Cards

Term
Effective management
Definition
Achieving a definite, desired result by making the right decision at the right time
Term
Management roles
Definition
Interpersonal
informational
decisional
Term
Interpersonal
Definition
The relationship between people and is based on the ability to communicate effectively, resolve conflict and achieve progress based on a teamwork approach
Term
Informational
Definition
Receiving, collating and analysing information and giving it to appropriate people to set standards and assist in further decision making
Term
Decisional
Definition
Choosing between several alternatives with the aim of achieving a specific outcome for the business
Term
Skills of management
Definition
People skills
strategic thinking
vision
flexibility and adaptability to change self-managing
ethical and high standards
Term
Stakeholder
Definition
Any individual or group who has an interest in or is affected by the decisions a business makes
Term
Conflicts of interest
Definition
Term
classical-scientific
Definition
Planning
Organising
Controlling
Term
Division of labour
Definition
Tasks divided into small steps in the production process and a worker is assigned to each step
Term
behavioural
Definition
Leading, motivating, communicating
Term
political
Definition
uses of power and influence, negotiating and bargaining
structure as coalitions
stakeholder view
Term
Sources of change in business
Definition
External influences:
Changing nature of markets
Economic
Financial
Geographical
Social
Legal
Political
Technological developments
Term
Reasons for resistance to change
Definition
Financial costs
Inertia
Cultural
Staffing
Term
Reasons for resistance to change
Definition
Financial costs
Inertia
Cultural
Staffing
Term
Managing change
Definition
Identifying the need for change
Setting achievable goals
Creating culture of change
Change models
Term
Change and social responsibility
Definition
Eological sustainability
Quality of working life
Technology
Globalisation
Managing cultural diversity
E-commerce.
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