A'level Business Studies - Key terms and definitions

Question	Answer
Leadership	The inspiration, rule and guidance of others in pursuit of agree objectives.
Management	Planning, organisation and controlling of all or part of the business
Financial reports	Firms often publish their performance (sales/ profits/ costs) and in many cases they are forced to do so, o hat government can tax them properly.
Employee reports	Within the above firms might also assess labour costs and productivity performance
Social reports	Factors such as traffic or pollution or even knock- on employment (from suppliers might be considered for both legal and ethical reasons.
Figurehead	Represent their colleagues. They carry out social, ceremonial and legal responsibilities and are expected to be a source of inspiration. Figureheads are considered to have authority.
Leader	A leader creates and maintains an effective working environment and motivates and develops more junior employees. In this role employees manage the performance and responsibilities of everyone in their team.
Liaison	In this role managers must communicate with internal and external contacts. They need to network effectively to gather information.
Monitor	Seek-out, monitoring your team
Disseminator	Where you communicate
Spokesperson	Speak for their organization
Entrepreneur	Generate ideas, solve problems
Disturbance Handle	Take charge and attempt to solve disputes
Resource Allocator	Organize resourcers
Negotiator	Always have to negotiate

Resource summary

	Created by Naomi Lomax about 7 years ago