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Business Studies 3.1 Flashcards | StudBud
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Business Studies 3.1
Business Studies 3.1
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Revision for 3.1. Internal Factors
Flashcards
17 cards
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Practice quiz
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Questions
17
Answers
1
What is democratic leadership?
offer guidance & support but also allow people to have input
How you are PC
how politicians get things done
offer guidance & support and then stab you in the back
2
what are 3 cultures that favour innovation?
Free lunches given,Mistake-making tolerated, Communication
Risk-taking rewarded,Mistake-making tolerated, Flirting
Risk-taking condemned,Mistake-making tolerated,Communication
Risk-taking rewarded,Mistake-making tolerated, Communication
3
What is an autocratic leadership style?
makes decisions independently and tells workers what to do
makes decisions inclusively and tells workers what to do
on a huge power trip and always there to lend and ear
4
What is not a part of TQM?
Everyone in workforce concerned with quality at every stage
TQM is essentially an “attitude”
Whole business understands need for quality tries to acheive
Quality is checked by inspector
5
what does not contribute to inneffective quality management's impact on profitability?
sales would decline
customers may choose competitor's product
customers perceive product to be low quality
sales would increase
6
What is the difference between Quality Assurance and Quality Control?
QC inspects at end QA standards met during production
QC inspects at end QA inspector comes at different stages
QC inspects during production QA is at end
QC inspects during production by employees eg toyota
7
What is an advantage of an inclusive leadership style?
can become less productive from involvement in consultation
Staff will have a greater “buy-in” and commitment
can take more time to make decisions
less likely to be resistance
8
what is an advantage of top down leadership?
May have to employ consultants for ideas, increase costs
staff feel valued and motivated to make money for top dogs
staff more resistant to change than inclusive style
Change can happen more quickly than inclusive style
9
what is a disadvantage of innovation?
possibility of failure and impact on reputation
the need for R & D Investment/ costs
gain competitive advantage
develop new products
10
A business that fails to innovate can run the risk of .....
losing staff, operating inefficiently.
becoming efficient
becoming profitable
losing ground to competitors, losing brand loyalty
11
What is a Laissez-Faire leadership style?
gives strict orders but leaves decision-making up to group
very casual and often lazy
offer little guidance & leave decision-making up to group
wise beyond measure but seem useless and lazy at the time
12
What management style is this?
Top down
The Emery
Inclusive
13
where does the most noise come from in the class?
Footy Boys at back
Front Middle row
Sai and Nazaryth
Amos whinging about Deans
14
what is an advantage of innovation?
possibility of failure and impact on reputation
the need for R & D Investment
gain competitive advantage
develop new products
15
what does it mean to explain or fully explain?
develops explanation, flow on effects, adv, disadv, conseque
states what the answer is then expands by giving the reasons
I don't think ncea even know the answer to this
compare, contrast, identify relationships to explain impacts
16
what is not a way change happens in a Top Down Leadership style
management dictating what is to happen
only management know what is required
management seeking staffs advice
management exercising authority over staff
17
development of any new product, or change in an old product, which brings greater profitability
product placement
Process Innovation
strategy
Product innovation
