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Identify and explain two advantages and two disadvantages of being a public limited company.
Limited liability, Incorporated business with separate legal identify, Quite complicated legal formalities, Danger the owners may lose control
Consider three leadership styles an Operations manager could use?
Autocratic, Democratic, Laissez-faire. Autocratic leadership style could benefit the company because clear instruction given.
Identify and explain two roles of the Operations manager
Planning the production such as setting a target of an increase of 10% in output of toy production, Organising the tasks done by the production line workers.
Consider three benefits of having well-motivated employees. Higher output, Fewer employees leaving, Higher quality
More products available to sell, Happier more satisfied employees, Fewer mistakes made
Identify two stakeholder groups. Explain an objective of each stakeholder group you have identified.
Employees/managers – paid higher wages/job security, Shareholder – profit/return on investment
Consider how the following three communication issues affect a company.
Harder to understand what is being said or questions ask, No relationship established,, Verbal communication, it might no written record so message .
Identify and explain one effect on employers and one effect on employees of workers being members of a trade union.
Easier to negotiate with just one organisation representing employees, Collective bargaining (strength in numbers) increases likelihood of success for demand
Consider the business objectives for a company.
Increased influence over suppliers, profit may be retained for future investment, Survival is usually an objective when the business is first starting;
