Flashcards
A'level Business Studies - Key terms and definitions
Cards in this deck (16)
- 1LeadershipThe inspiration, rule and guidance of others in pursuit of agree objectives.
- 2ManagementPlanning, organisation and controlling of all or part of the business
- 3Financial reportsFirms often publish their performance (sales/ profits/ costs) and in many cases they are forced to do so, o hat government can tax them properly.
- 4Employee reportsWithin the above firms might also assess labour costs and productivity performance
- 5Social reportsFactors such as traffic or pollution or even knock- on employment (from suppliers might be considered for both legal and ethical reasons.
- 6FigureheadRepresent their colleagues. They carry out social, ceremonial and legal responsibilities and are expected to be a source of inspiration. Figureheads are considered to have authority.
- 7LeaderA leader creates and maintains an effective working environment and motivates and develops more junior employees. In this role employees manage the performance and responsibilities of everyone in their team.
- 8LiaisonIn this role managers must communicate with internal and external contacts. They need to network effectively to gather information.
- 9MonitorSeek-out, monitoring your team
- 10DisseminatorWhere you communicate
- 11SpokespersonSpeak for their organization
- 12EntrepreneurGenerate ideas, solve problems
- 13Disturbance HandleTake charge and attempt to solve disputes
- 14Resource AllocatorOrganize resourcers
- 15NegotiatorAlways have to negotiate
- 16—
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- Year 7 Business Studies Flashcards on A'level Business Studies - Key terms and definitions, created by Naomi Lomax on 08/11/2017.
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- Naomi Lomax
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