Business > QUESTIONS & ANSWERS > Business 3/4 exam revision (unit 4 notes) 5b, 5c, 4d, 4e, 4f not incl Latest Update 2022 (All)

Business 3/4 exam revision (unit 4 notes) 5b, 5c, 4d, 4e, 4f not incl Latest Update 2022

Document Content and Description Below

Business 3/4 exam revision (unit 4 notes) 5b, 5c, 4d, 4e, 4f not incl Latest Update 2022 What are key performance indicators - ANS-KPIs is a critria that measures how efficient and effective a bu... siness is at achieving different objectives What is percenatage of market share - ANS-measures a businesses proportion of total sales in a speicifc industry expressed as a percentage (higher is better) What are net profit figures - ANS-they are calculated by deducting total expenses from total revenues earnt over a period of time. assesses whether expenses are too high or revenue is too low. Whta is level of staff turnover - ANS-the percentage of employees that leave a business in a year and have to be replaced (higher level may mean dissatisfied with management styles, pay or conditions) What is rate of productivity growth - ANS-the increase in outputs produced from a given level of inputs over time What is force field analysis - ANS-A model that determines if business should proceed with a proposed change. Helps businesses identify factors which influence change. there are 2 key principles driving forces and restraining forces. What are driving forces - ANS-Factors within or outside the business's environment which promote change what are restraining forces - ANS-factors within or outside the business's environment which resist change What are the 5 key principles in Lewins force field analysis process - ANS-1. identify need for change 2. identify driving forces 3. identify restraiing forces 4. assign scores 5. analyse and apply What is leadership in change management? - ANS-the ability to positively influence and motivate employees towards achieving business objectives during transformation. managers need to: - build a shared vision - provide ongoing support and communication. CONTINUES... [Show More]

Last updated: 2 years ago

Preview 1 out of 4 pages

Buy Now

Instant download

We Accept:

We Accept
document-preview

Buy this document to get the full access instantly

Instant Download Access after purchase

Buy Now

Instant download

We Accept:

We Accept

Reviews( 0 )

$11.00

Buy Now

We Accept:

We Accept

Instant download

Can't find what you want? Try our AI powered Search

66
0

Document information


Connected school, study & course


About the document


Uploaded On

Dec 12, 2022

Number of pages

4

Written in

Seller


seller-icon
BRAINEDGE

Member since 4 years

42 Documents Sold

Reviews Received
13
2
0
2
2
Additional information

This document has been written for:

Uploaded

Dec 12, 2022

Downloads

 0

Views

 66

Document Keyword Tags


$11.00
What is Scholarfriends

In Scholarfriends, a student can earn by offering help to other student. Students can help other students with materials by upploading their notes and earn money.

We are here to help

We're available through e-mail, Twitter, Facebook, and live chat.
 FAQ
 Questions? Leave a message!

Follow us on
 Twitter

Copyright © Scholarfriends · High quality services·