Unit 2- Keywords

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  • Created by: Howzat
  • Created on: 04-04-19 15:17
Leadership
Ability to INFLUENCE + DIRECT others to meet the goals of a group.
1 of 9
Management
Resources are used and decisions made in order to meet objectives of the firm.
2 of 9
Empowerment
Subordinates get the chance to exercise power/control over their working lives.
3 of 9
Decentralisation
Passing authority from the centre of the organisation to those working elsewhere in the business e.g Section Leaders
4 of 9
Scientific Decision Making
Decisions based on facts and figures, supported by evidence (D+I).
5 of 9
Decision Tree
Visual way of presenting different ways of making decisions. Math Model.
6 of 9
Expected Values
What the business is projected to make.
7 of 9
Net Gains
Overall improvement of a business.
8 of 9
Market Conditions
Number of competitors, level of competitors.
9 of 9

Other cards in this set

Card 2

Front

Resources are used and decisions made in order to meet objectives of the firm.

Back

Management

Card 3

Front

Subordinates get the chance to exercise power/control over their working lives.

Back

Preview of the back of card 3

Card 4

Front

Passing authority from the centre of the organisation to those working elsewhere in the business e.g Section Leaders

Back

Preview of the back of card 4

Card 5

Front

Decisions based on facts and figures, supported by evidence (D+I).

Back

Preview of the back of card 5
View more cards

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