BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Quantity
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Quality and workmanship
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Cost and budget control
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Customer satisfaction
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Detailed explanation-1: -In this case, the manager assisted in increasing the number (quantity) of clients, which ultimately increases the firm’s revenue.
Detailed explanation-2: -The correct answer is OPTION 1: Quantity. Performance indicators can be used by businesses to identify both performance gaps and positives. Quantity, quality, and craftsmanship, as well as cost and budget control and customer satisfaction, are all critical performance factors.
Detailed explanation-3: -Managers sets goals with employees, monitor their performance, give regular feedback, and conduct performance reviews. Using regular feedback, employees can better understand what skills they need to develop.
Detailed explanation-4: -Team management helps groups of employees work better together by setting common goals and offering support and strategies to reach goals. Managers may delegate tasks to group members, set mini check points, and more to keep the team on track and moving forward.
Detailed explanation-5: -Managers are important for any organization to achieve its goals. They are the backbone of any organization, and their role is to ensure that everything runs smoothly in the company. The success or failure of an organization depends on how well its managers handle their responsibilities.