bm unit 4 aos 2 Test and Flashcards

Strategies

methods and plans that are implemented to develop anf grow a business and meet BO. Have to be implemented and sutained with communication, teamwork, coaching in org.

Management stratefies to repond to KPI

tranining and develop, invest technonology, lean production, redeployment of resources, innovsyion, bglobal sourcing.

Staff training

reward systems of sorts development of skills, ensure best person in position, focusing on taking risk than staff being absent not feeling confident.

Technology

increased comm, finance and wastage streamlined, compete with competitors

Improving quality

eliminaion of defects, productivity, reduce waste, inventory, higher price for better quality. Quality control, assurance tqm.

Cost cutting

monitor cash flow, exploring incentives and discounts, register business another country for less tax, sell assests

lean production

a range of measures that aim to reduce costs, reduce waste and increase efficiency in production, such as minimising inventory and maximising flow

Innovate

mnarketr esearch, market trends, r and d, learn from fail

Overseas manufacturing

global supplier, raw materials, delays, quality.

Overview and evaluation of management strategies to respond to kpis

reploy resources to other areas, like resources, might be stressfull for staff lead to redundancy.

Corporate culture concepts

management style, stories and rituals, development, policies, vision and values

Personal Mastery

Focusing on continuous personal development and growth, fostering a sense of personal excellence.

Mental Models

Recognizing and challenging ingrained assumptions and mental models that might limit an organization's thinking and actions.

Shared Vision

Developing a compelling shared vision that aligns and motivates all members of the organization.

Team Learning

Encouraging open communication, collaboration, and collective learning within teams and across the organization.

Systems Thinking

Understanding the interrelationships and complexities within the organization and its environment, and using this understanding to make informed decisions.

Discilping on three levels

practice orincipes, essences.

Leading the learning org

people cabaple of expanding their capacity, senge assumes shareholders want immediate results whilst owners want perpetuity from investment in tech and capital.

The need to create a positive culture for change

a focus on employees sharing a vision and self reflecting their roles with business. Coporate culturre empovwerrs emplooyes to buold knowledges and skills, with a posiitve and proactive change.

Unfreeze the status quo

only way to change was to break or destabilise the equilibrium (unfreeze) before the old behaviour could be ‘unlearnt’ and the new behaviour successfully adopted. There has to be an equilibrium using FFA for change

Move from the current to the new situation

implementing a change is bery difficult and needs time and communication for success. Use training support or counselling to address issues.

Refreezing

stabilisation of the new behaviours to have a new sense of standard procure for employees who are now confident and comfortable.

Managers

have to cope with responsibilities of change with delegating roles and authority. And make sure these processes and procedure are successful.

Employees

changes can be individual change having direct effect on hours and skills, train them and make them aware on that.

Customers

preferences and wishs to be considered, fully aware of proposed changes to g and s.

General community

CSR effects like local employment, traffic. Wfh.

Triple bottom line

people, planet, profit.

CSR considerations when implementing change

code of ethics/sourcing input, vision, philanthropy, employment practices, vision mission statement.

Corporate philanthropy

is an act by a business to promote the wellbeing of others through charitable donations of money and/or time.

Impact of csr on business

need to implement considerations, effect on employees, greener ways.

Reviewing performance

hr like kpis and training, operations management like evaluation, csr, financial performance like profit, sales or revenue.

leadership

leaders at all levels of a business play a vital part in the change process. In the more ‘traditional’ approaches to change management, the role of the leaderwas often overlooked. Senior management simply announced a change when employees had

methods and already concluded that something was going on, and there was little consultation, evaluation

plans that are

Flashcards: bm unit 4 aos 2