Management Strategies to Respond to Key Performance Indicators (VCE SSCE Business Management): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
ShowHide
Practise the questions
10 questions from this quiz
What are the two fundamental purposes of implementing management strategies in response to KPIs?
What are the two fundamental purposes of implementing management strategies in response to KPIs?
Respond to change & identify opportunities
Who developed lean production principles after World War II?
Who developed lean production principles after World War II?
Taiichi Ohno at Toyota
What benefit does staff training provide when employees performing similar jobs receive identical training?
What benefit does staff training provide when employees performing similar jobs receive identical training?
Consistency in practices & processes
What key advantage does Robotic Process Automation (RPA) offer businesses?
What key advantage does Robotic Process Automation (RPA) offer businesses?
Bots operate 24/7 making fewer mistakes
When might autocratic or persuasive management styles be necessary?
When might autocratic or persuasive management styles be necessary?
Quick decisions or inexperienced workers
What percentage of Officeworks leadership programme graduates were promoted to leadership positions?
What percentage of Officeworks leadership programme graduates were promoted to leadership positions?
58%
What is a key advantage of global sourcing of inputs?
What is a key advantage of global sourcing of inputs?
Reduced production costs
What does Just In Time (JIT) lean production technique focus on?
What does Just In Time (JIT) lean production technique focus on?
Resources arrive precisely when needed
Which types of innovation can businesses implement?
Which types of innovation can businesses implement?
Incremental, radical, breakthrough
What is a key benefit of improving quality in production?
What is a key benefit of improving quality in production?
Elimination of defects